5 Attributes of Modern Leadership

Strategy Plan One

February 8, 2012 

Leadership has changed with time and with varying economic and environmental circumstances.   Early to mid 20th century, leaders often invoked a militaristic or autocratic leadership approach, and to most the extent, this worked for many successful companies and big corporations.

In the current age, the workforce is better educated with more rights.  Values and ethics are important, and company and personal values and ethics need to align to achieve common goals.  In order to compete on a global scale, leaders need to motivate and influence teams of valuable employees to thrive and survive.

 

Collaboration with team members

Leadership today is obviously quite different, with globalization, competition, values and ethics and people’s rights making big impacts on how leaders lead.  The global economic climate is challenging and is multi-faceted.  New leaders today need the ability to navigate through challenging environments, with multiple layers of complexity.  A new leader must be able to collaborate with professionals adequately, and to be able to adapt quickly to changing environments.

 

Engaging others

Twenty to thirty years ago, businesses relied on manual analysis of localized information.  Today, teams and leaders must competently analysis massive amounts of global information quickly.  Where leaders lack capacity, leaders must be able to source and acquire capacity to assist in meeting organizational goals and objectives.  Leaders need to have the skill to interact with, motivate and empower team members.  Effective interaction with employees leads to better buy-in of goals and objectives.  Frequent engagement tends to make the employees and teams feel valued.

 

Activating Efficiency

Today leaders must accomplish more with fewer resources.   In order to stay competitive in global markets, leaders must stay on top with efficient operations.  Leaders must have the ability to maximize results and benefits with decreasing levels of resources.  Leaders must seek ideas for efficient operations from their teams, as these valued employees are the subject matter experts.  There are several mechanisms to implement to achieve efficiencies, from empowering employees to take the lead, to compensatory mechanisms.

 

Ability to Vision

Experienced leaders thoroughly observe and analyze the past and present.  A great leader can envisage a successful way forward.  They are able to see an end goal and objective, and pathway to achieve the objective.  Only a few have this innate ability; most develop the skill through experience in operations and management.  This valuable trait may be the result of many years of experience leading to the ability to look forward, and some of it through trial and error.  Leaders with vision understand why they are in the business and why the company’s products or services are valuable or needed by the consumer.

 

Effective Communication

Effective leadership involves a high level of rich communication.  A great leader engages with others and can communicate the vision to the team.  With powerful, transparent communications, leaders will need to be influential on others, with the ability to convince and encourage the team to follow and buy-in.  The level of acceptance is a good indicator of the leader’s communication and influential effectiveness.

 

Strategy Plan One

© 2012 Strategy Plan One

Business information, resources and tips for the entrepreneur

Hockey is like a business

Strategy Plan One 

January 29, 2012 

In the middle of the NHL Allstar game, I thought it would be fun to post the similarities between hockey and business.   Check out our list, and feel free to comment and add:

Goals

  • Hockey – one goal of a hockey team is to score goals
  • Business – set goals and achieve them

Team Work

  • Hockey – need six players on ice and multiple lines firing and working together to achieve wins
  • Business – need all employees and units collaborating and working together to achieve  company goal and objectives

Competition

  • Hockey – depends how many teams you have in your league, represents how many competitors you have
  • Business – depends how many similar businesses are competing in your industry, markets and local area

Revenue Goals

  • Hockey – the more hockey goals (wins, cups) that are achieved, the more revenue the team makes
  • Business – the more company goals that are achieved, the more revenue that the company makes

Leadership

  • Hockey – hockey teams have GMs, coaches and captains that lead different levels of the organization to achieve goals
  • Business – business organizations have CEOs, GMs, Managers, and Supervisors that lead different levels of the organization to achieve company goals

What’s your take on hockey – business similarities?

Strategy Plan One

© Strategy Plan One 2012

Business information, resources and tips for the entrepreneur