Leadership Skills For Today's New Economy

The job of the front-runner in organisations is changing. Competition is becoming more intensified with more and more entrants to the market. Technology advances are making it simpler for firms to serve markets that were not accessible traditionally. There is a continued demand to achieve efficiencies, increase profits and to work differently. So what essential skills will leaders have to have to flourish?

Change Management
Whether you are a leader in a public body or private sector organisation, some kind of change program will happen, at some point soon. Leaders must be talented change agents who can create compelling reasons and get the support of others.

Team Building
Leaders can't do everything themselves. They have to build teams around them which have the talents, information, experience and personal endowments to supply the results . The teams that they build need to be highly productive and at the same time make a positive environment so that high performance doesn't lead to high levels of burn out.

Innovation
Nothing stands still for long. Leaders in associations need to be look at the trends in the way the industry and shopper preferences are moving and look for new methods of replying to them. Many businesses get themselves to a point where they are regarded as good performers but often cannot sustain this long term.

Relationship Building
Relationships are key in any business and leaders have to be making the time to create and build relationships. If the business operates on a national or global basis, creating relationships with other senior folks in the business can be a real challenge. Relationships with suppliers are also taking on bigger seriousness. Many enterprises are relying on processing or client service functions overseas run by external organizations to look after large pieces of their business. For example, many companies are moving call centres to places such as India to reduce costs. A similar trend is occurring in areas like money traction processing and even secretarial services in some cases. Creating and handling relations is an indispensable part in the success of these initiatives.

Global Awareness
More and more enterprises are becoming world. Different states have varied cultures, methods of doing things and behaving. Leaders need to find out more about these differences if they are to succeed.

Decisiveness
While it is really important for leaders to have a vision and clearness round the direction the business is going, they have to be in a position to be unambiguous if things aren't going to plan. In principle this sounds simple, but in practice it is very difficult. Taking the decision could be the best or worse thing the leader did depending how events develop. Leaders need the courage to make the difficult calls.

Leadership is becoming increasingly tough and needs continued development. What's the very next step for you in developing your skills in leadership?

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