Identifying The Role And Importance Of Hybrid Managers Business Essay Example

more popular is 'hybrid director'. The demand for an increase in the number of hybrid directors reflects the current economic situation. The quality of directors has always been important, but the global economy now requires even more hybrid directors.

Features of hybrid directors:

From the definition of a hybrid director, it is understood that they need to have technical expertise and be familiar with the specific business demands of the organization they work for. The latter is particularly crucial for ensuring success. We will discuss administration-specific knowledge in detail.

Organizational specific cognition: The crucial skill of a hybrid manager is understanding how to fulfill requirements and achieve goals. Developing this skill through spending time with an organization is essential. A skilled hybrid manager uses networking abilities to build personal or social connections over time, which allows them to easily complete tasks using multiple sources of information. As every organization has effective communication channels, such as the internet or intranet, hybrid managers can effectively use these channels to access necessary information.

However, the level of expertise within the organization determines the success of a hybrid director. For example, a navy-hybrid director needs time to establish contacts with senior management and build rapport. On the other hand, a senior hybrid director can gather necessary information within the designated time frame.

General management skills:

Managers often seek 'soft' interpersonal skills in candidates such as:

• Motivation
• Communication
• Negotiation
• Team building

A hybrid director's true capability lies in their ability to switch roles with counterparts in different functions. For instance, an HR services manager should be able to act as a Chief Information Officer (CIO) in software administration. Effective people management also requires good social skills and extraversion for hybrid directors.

An

in-depth examination of various potential roles fulfilled by a hybrid director will be explored in the section titled 'Role of a hybrid director in an organization'.

Role of a hybrid director in an organization:

The biggest obstacle encountered by the IT industry is the perceived disconnect between technology and business requirements. The prevailing belief is that 'BUSINESS AND IT CAN NOT COMMUNICATE' and they use different languages. Therefore, the responsibility of an effective hybrid director is to act as a bilingual mediator.

He should serve as a connector between the two realms. Previously, the IT field was seen as a support role that could easily be outsourced. However, due to changing circumstances and the global recession's impact on businesses, IT is now acknowledged as a vital part of the industry. As a result, there is an increasing demand for managers with IT management skills.

The emergence of the hybrid director, characterized by IT directors possessing strong business skills, is increasing. 'Graham Johnson' exemplifies a successful hybrid director. Similar to other students, he studied electronics and obtained a well-paying job in chip design. Starting off as an electronic engineer, he later became self-employed as a consultant. Currently, he serves as the CIO and transformation advisor at Ecclesiastical Insurance. Throughout his time with this company, he has collaborated on significant projects with prominent organizations such as Marks and Spencer, Abbey National, and Baring Securities.

While working on various projects, he held the position of IT director and reported to the funding manager. This role provided him with a wealth of knowledge in business and finance matters. Additionally, as a freelancer, he undertook significant ventures for esteemed organizations such as Legal ; General

Assurance, Nationwide Building Society, and the London Stock Exchange. As an independent consultant, he successfully worked with numerous clients and skillfully met their requirements. This valuable experience greatly enhanced his interpersonal skills and collaborative abilities.

Now, with his experience in client management and his proficiency in his field, he is working as a transmutation adviser. "I believe there is a true shortage of hybrid managers - individuals who can handle the technical aspects while also engaging in meaningful business conversations with executives," Johnson says. "Many people are logical and many people have empathy, but there aren't many who possess a combination of the two." This means that there are greater career opportunities for those who develop both their analytical and interpersonal skills. The above example illustrates the role of a hybrid manager in an organization. Therefore, the most important responsibility of a hybrid manager is to have a clear understanding of business issues, such as customer needs and market value, in addition to their technical knowledge.

Senior degree loanblend directors can have a significant impact on various areas of business decision-making within an organization. The research conducted on different projects identified several specific contributions that hybrids make:

• Initiating awareness of potential capabilities of IT for organizational concerns
• Identifying the business needs of IT
• Participating in the discovery of new potential applications of IT
• Assessing the advantages and disadvantages of new technological advancements
• Emphasizing the benefits of IT to line managers within the organization
• Creating comprehensive awareness programs to ensure that information system directors learn about business issues and opportunities
• Providing responses from the information system function to emerging and
  

changing business demands within the organization

Before discussing the role of a hybrid director in the 21st century economy, we will first discuss the pros and cons of having hybrid directors. Advantages of hybrid directors: The effective leadership qualities of hybrid directors can create "islands" of real business and information system understanding. These islands are proving to be catalysts for organizational hybridization.Every step in the process of organizational hybridization involves gaining flexibility and efficiency with the assistance of hybrid managers. However, hybrid managers come with disadvantages. Despite the numerous benefits they provide during organizational hybridization, they require a significant amount of effective resources from the organization. These resources may not be readily available for every organization during the hybridization process.

The developmental phases of hybridization of organizations can vary depending on the administration being followed within the organization. Business consistent information system and information oriented expletive concern are two distinct and separate subjects. However, the major challenge for hybrid managers is integrating the concern consistent information system with the information oriented expletive concern. It is very difficult to separate and extract a simple and single basis from which a hybrid manager can be derived, as there is no communication that can achieve the merger of these two disparate subjects with the same level of effectiveness.

Exploration of the 21st century global economic system: This term refers to the economic landscape that arose on January 1, 2001, marking the beginning of a new millennium. The global economic system encompasses all nations' economies worldwide and can be examined from different viewpoints.

The rating is based on the US dollar. Economy can be indicated by various factors. They

include:

• GWP (gross universe merchandise)
• Inflation
• Global debt
• Unemployment
• Industries
• Energy

All the mentioned factors are indicators of the global economic system. From the fall of the twenty-first century until the early part, the global economy was led by the US.

The global economy has undergone significant changes in the first decade of the 21st century. It can be categorized into different periods:

• From 2001 to 2006, the United States took the lead with aggressive industrialization and increased consumer spending capacity, which were crucial after World War II.
• In 2007, China emerged as the global economic leader due to the economic collapse in the US and subsequent depression caused by the subprime bubble. This had a profound impact on markets worldwide and indicated recessions in major economies.
• The year 2008 marked the onset of a credit crisis. While many markets expanded globally, those that heavily influenced the global economy experienced contraction.

The global economy entered a crisis state, which worsened in 2009 as many economies shrank. The UK and Russia were particularly affected. However, the International Monetary Fund forecasted a recovery in 2010.

Despite initial hopes, the recovery did not meet expectations. Many major economies worldwide had concerns about a potential second recession. Consequently, during the early years of the 21st century, the global economy stayed stagnant and unpredictable. Justin Yifu Lin, Vice President and Chief Economist of the World Bank, emphasizes that "The crisis profoundly affected almost every economy globally, and although there was some growth, significant progress in reducing poverty was

reversed. As more challenging international conditions are anticipated in the future, developing countries must prioritize enhancing their domestic economic situations to accomplish sustainable poverty eradication."

'Hybrid Managers' in the Twenty-First Century Global Economic System: In the current era, the global economic system is experiencing a slowdown. To revive the global economy, it is essential to strengthen domestic economies, as emphasized by the vice president of the World Bank. One strategy to achieve this goal is through aggressive entrepreneurship, which heavily relies on efficient management.

The concept of loanblend directors is demonstrated here. Companies in the past have achieved success by changing their management approach. For example, General Motors underwent significant changes in its senior management team to respond to global competition (Harvard Business Review, January-February 1993). Similarly, IBM went through a painful restructuring process due to rapid technological shifts and competition from smaller start-ups. Sears also faced the challenge of rediscovering retailing success in a transformed business environment with evolving markets and cost-conscious competitors.

Directors at all levels and across industries are facing challenges in adapting to unfamiliar circumstances and new competition. The statement above indicates that directors are struggling to adjust to changing trends. This difficulty arises because directors typically have expertise either in the business economics domain but lack technical skills needed to comprehend technological changes, or they possess a deep understanding of technology but struggle to keep up with evolving marketing methods. Hybrid directors like 'Graham Johnson' (referenced in the section 'role of hybrid directors in an organization') play a crucial role in helping organizations navigate these challenges.

Graham Johnson possesses the necessary skills and experience to effectively manage an administration. Through his work as

a consultant, he has gained valuable experience collaborating with various companies such as Legal & General Assurance, Nationwide Building Society, and the London Stock Exchange. This experience has provided him with insights into attracting clients, understanding their needs, and effectively communicating with them. In addition to his consultancy work, Johnson has a degree in electronics and has worked on significant projects with renowned firms including Marks and Spencer, Abbey National, and Baring Securities. As a result, he possesses a comprehensive understanding of the evolving technology within his field. Furthermore, he has a clear comprehension of both business requirements and customer demands. Thus, every industry would benefit from having a hybrid director like Graham Johnson.

The intercrossed directors should have a specific knowledge of the organization, both technical and economic. According to Justin Yifu Lin, the global economy is influenced by improving domestic markets, which in turn are driven by enterprises. Therefore, enterprises are driven by intercrossed directors.

It is evident from the above structure that having intercrossed directors is crucial for the prosperity of the economy. Given the current state of the fluctuating economic scenario, those in charge must comprehend the new disruptive business landscape. The director, being the individual responsible, should be capable of addressing inquiries regarding the new economic world order. So, what exactly is unique about this new world economic order? According to Alan.M.Webber, an analyst at Harvard Business School, "There is a qualitative shift occurring in how companies compete, managers oversee, and business is conducted."

The displacement from mass production, mass selling, and mass organisations to flexible production, niche selling, and networked organisations has familiar elements. However, these shorthand forms do not fully

convey the significant implications for directors. The power of this alteration lies in the change in mindset of directors. In addition to scheduling, directors must also focus on the complex economics of the business. The present global economy requires a high level of technical knowledge and essential information management skills in order to accelerate the business towards achieving predetermined goals within specified time limits. The identification and training of hybrid directors - those with the essential skills - is crucial for maximizing talent within the organization.

Many organisations are working to develop hybrid directors to solve the challenges of real-world management problems, with a few exceptions.

Decision: The current global economic crisis is largely caused by a management crisis. In 1990, the British Computer Society (BCS) recommended that UK companies train about 10,000 people to become hybrid directors by 1995. The BCS understood the importance of hybrid directors in building the British and global economies. It is notable that the UK was heavily impacted by the global recession in 2008-2009.

If BCS had anticipated the future, its economic system would not have suffered as it currently has. It is better to be late than never. Therefore, in order to comprehend the ever-changing and diverse global economy, adaptability in management is necessary. Nandan Nilekani, CEO and MD of Infosys Technologies, recently expressed at the Indian Institute of Management, Bangalore that what the world needs today is a new type of manager known as a 'versatilist'. Nilekani further explained that a versatilist possesses the ability to apply skills more intensively to different situations.

Hence, individuals acquire fresh skills, establish new connections, and assume new roles. It is important to be equally

comfortable with technical matters as well as business and strategic aspects. In order to create value, one must blend knowledge, experience, and the surrounding circumstances.