In this day and age of AI, where companies are seeking agility, adaptability, and expertise to compete in a dynamic environment, it also demands an increasing number of remote and flexible workplaces. Liquid Workforce is a viable option business may explore. It is a term coined by Accenture in 2016. “A liquid workforce is one in which a firm draws from a variety of resources in order to meet business needs, then adjusts those resources as needs change”, says their blog. It includes regular employees, internal pools, contract workers, and consultants. The mix can be uniquely adapted to meet specific business needs. The “liquidity” does not come from simply blending various combinations of internal and external workforce. It also is derived from recombining internal resources to achieve individual development goals. A liquid workforce can also potentially be a solution to a fluctuating workforce, such as the one we are facing now in the Pandemic.

The first thing required for a start-up is a mission statement, the “Why” or the reason for its existence. Many companies, even though they formulate their mission statement before the start of their venture, do not follow through with their mission, resulting in the mission statement reducing to a mere group of words with no meaning, whatsoever. Being a purpose-driven organization means turning the mission statement into more than just those words. We have already explored the importance of being purpose-driven. What competent leaders do is adapt this mission statement and use it to guide their business and rally the company to what it needs to be. Here are the top five tips from members of Forbes Business Council on how to create a purpose-driven organization in the 21st Century.

It is an expected fact that there is a future in everything and for everyone be it an individual, a country, a product, a technology, an industry, and/or a practice such as Knowledge Sharing. One can go into one’s future in two distinct ways. One, by being a mute spectator and letting themselves go with the flow without taking control of one’s direction. This could be due to numerous reasons starting from disability to take consequential action. This is called Reactive Mode. Two, take active control of the events and define the way the future unfolds. This is known as Proactive Mode. At an individual level, one may have complete control over one’s future but when we are talking about a complex level where multiple individuals or factors are involved, such as a company, managing and controlling the events that define the future is a lot more difficult.