The Point: Maya Angelou once wrote that …‘what is true anywhere is true everywhere’. While the later author had a different context in mind, herThis quote is relevant to the world of business, especially when we talk about leadership development. Latest research shows that business leaders around the world face uncertainties as we head into 2015. In this article, we discuss the major leadership challenge(s) organizations across the globe face… Enjoy!
#5 Efficient Management
So much to do and so little time to do it is a major leadership challenge, not only in America but in countries like India and China as well. It should also be added that along with time, personal health and stamina are also valuable commodities that a leader cannot afford to spend excessively. So before a leader starts to manage a business, he needs to learn how to manage his own time and energy. This calls for prioritization, strategic thinking, and more delegation. This is especially true when you also have to manage the internal politics and act as mediator between the various stakeholders to avoid conflict.\
#4 Employee Development
When we talk about a greater need of delegation, we first need to have talented employees that can be trusted with important organizational tasks. Not only is the modern leader responsible for hiring people that have the potential to serve as future leaders in the firm, but he must also mentor and coach them. Employee development is a pressing need for businesses that are struggling with a lack of skilled applicants, especially in Egypt.
#3 Motivating the Workforce
It is not enough for the senior management to verbally tell the employees how valued they are to the organization. Actively inspiring and motivating others to ensure both operational efficiency and job satisfaction is also part of developing a company’s human material. Economies like Singapore are increasingly researching ways on how keep employees motivated.
#2 Team Management
It is not enough to hire and nurture skilled employees. As a leader, you also need to bring all these people on the same page as team and facilitate their individual and collective growth. One of the best ways to lead a team is to hire an executive coach for the entire group. That way, the workforce development becomes streamlined. Spanish and British companies especially need to pay attention to their leaders’ team management skills, and so do organizations at home.
#1 The Leader as Change Master
Finally and most importantly, leaders need to understand that they operate in a volatile, uncertain, complex, and ambiguous (VUCA) environment. This means that no matter how hard you work to create an innovative, efficient, and healthy organizational, both internal and externals factors will continue to disturb this stability. This environment can only be tackled by leaders that are flexible and open to change. Surprisingly, countries like England list receptivity resistance to chance as a top leadership challenge.
To sum up, the modern leader faces common challenges regardless of the country s/he works in. They are responsible for not only supervising, but training and motivating diverse groups of people to make the workplace more efficient and to achieve company objectives. Now that these common challenges have been identified, finding effective strategies to counter them will help leaders of tomorrow to run profitable companies, even in uncertain economic conditions.
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