“Future-ready leaders bring together the future-ready mindset, skillset, and toolset necessary to survive, thrive, and develop their teams through the recovery and beyond.”
As the new normal approaches, leaders thrive and have greatly improved because they went above and beyond what they could offer. New business models have been developed so that they can adapt quickly and effectively. This is to make bolder commitments than ever before and to foster a more sustainable, diverse, and inclusive work environment for all.
The COVID-19 pandemic has hindered the business industry, but leaders have always been surviving the effects of the pandemic and adjusting to the changes brought by the new normal with their improved strategies, management, and approaches to different situations. However, leaders must be more than just courageous when confronted with change; they must also understand which changes make the most sense.
Leadership is a never-ending process. Successful business leaders are constantly looking for ways to learn, improve, and adapt to the changing business environment, all while growing their skills on a daily basis. By preparing now, you can become a future-ready leader who can adapt to change, handle conflict, and make the best decisions for your company and team.
But what does it take to be a future-ready leader?
Being a future-ready leader entails showing up, doing what is required, and developing new leaders. This is accomplished by establishing best practices for managing various teams, developing a strategic business plan, and identifying potential leaders. It also entails being open to the possibilities that surround you and having the business acumen to recognize and seize opportunities for growth in your organization, all while demonstrating the character traits required to effectively lead people.
What are the skills required of Future-ready Leaders?
Growth and global mindset. We all know that a growth mindset is the number one mindset a leader should have. A growth mindset is an attitude and belief that intelligence and talent can be developed over time through consistent effort. It fosters curiosity and next-level commitment, and it will serve as the foundation for all other growth dimensions. Furthermore, if you have a growth mindset, you should also have a global mindset, which means you can be comfortable, and thrive, in uncomfortable situations. Live training, reading books, self-paced learning, peer to peer learning and other opportunities to continuous learning will be key.
Innovation and adaptive capacity. Given the current generation's rapid rate of change and more dynamic operating environments, the value for investing in innovation and adaptive capacity skills grows. Innovation is critical because it allows organizations to remain relevant and achieve their strategic goals while also allowing them to operate effectively in an ever-changing environment. Being adaptable, on the other hand, is a key component of effective leadership. Adaptive leaders excel at using their knowledge and skills to address their organizations' changing circumstances while learning from those experiences.
Strategic savvy. It's a good idea to link your strategies to innovation. The conventional and traditional approaches to strategy focus on goal setting and planning, but they may be deemed inadequate. Strategic savvy begins with shifting focus from what is more stable to what is changing to achieve value and move forward. Changes include new challenges, increased opportunities, and broadening previously narrow asset concepts. Obviously, to be strategic you have to understand how to make decisions with the data in front of you.
Action agility with execution precision. Future-ready leaders are both agile and disciplined when it comes to putting work effort into action and maximizing resources. By implementation, leaders use intelligent insights and effect mechanisms quickly and deeply to catalyze execution efforts. It differs from traditional managerial controls in that it seeks to positively diffuse power and improve execution outcomes through improved input quality.
Data and technological intelligence. Technology is constantly evolving, and understanding data and technology, as well as its power and limitations, will help you prepare for the future. Leaders with high levels of this skill can deal with disruptive forces and thrive in situations where they are needed. This skill is also superior because it can help and influence the previously mentioned skills.
Here at Customized Training Solutions, we help leaders sustain and develop their own leadership skills through coaching, training and consulting. Book a free 30 minute call now to find out how we can help you!
Hunsaker, T., & Teagarden, M. (2020, November 4). Five essential skills for future-ready leaders. HRD. https://www.hrdconnect.com/2020/11/04/five-essential-skills-for-future-ready-leaders/