Only those who understand people deserve the executive chair. Hierarchy, delegation, giving instructions and commands – all of these are aspects of a leadership style from the past. Those who defend this style in the here and now are failing. But why is that? This style was successful for decades and was continuously optimized and perfected. However, the context of leadership has changed. Digitalization is fundamentally transforming business models every day. Today's leaders can no longer simply apply their successful formulas from the past and closely monitor their correct implementation. Suddenly, everyone must think along and participate to prepare the company for the digital tornado. Evidence of the need for a new form of leadership and collaboration can be found every day in the business sections of the media. The old-fashioned bosses have become obsolete.