10 Future Leadership Capabilities to Plan for Now

Blog General 10 Future Leadership Capabilities to Plan for Now
Business Management Or Business Administration – The Never Ending Confusion


Any organisation needs a leader. The purpose of a leader is to lead the employees and align all their efforts towards attainment of the broader goals. As a leader, one must inspire and motivate the employees to perform their duties and strive towards attaining the purposes of the organisation. If the manager does not possess leadership qualities, the organisation will go disarray in spite of all the talent of the workforce. A ship needs a captain for its smooth sail. Likewise, a company needs to be helmed by a capable leader who can inspire, direct and achieve.

For any leader to hold the fort for long, they must develop some leadership capabilities. This article lists out 10 such qualities with which a future leader must emerge.

Innovation:

Innovation never goes out of fashion. If anything, it has become increasingly pertinent for companies to redefine your methods. In a highly competitive world, the only way companies can make a mark is to offer brave, never-done-before solutions. To bring about innovation, the workplace should breed creativity. Leaders can start by encouraging and appreciating employees who come up with creative ideas. This not only gives the firm an edge over its peers but also energises the workforce. It motivates them and makes them more participative in the functioning of the company. It, thus, paves the way for the efficient operation of the organisation.

Emotional Intelligence:

Emotional intelligence is the key to managing the dynamics of the organisation in a way that the firm benefits from it. It is the ability to emote and empathise with other people and a way to sustain the interpersonal relationships in the company environment. As it can be understood, employees prefer a leader who understands and relates to people as opposed to a leader who maintains a stranglehold over the workers. The latter case leads to high employee turnover, thus, posing a risk to the profitability of a company. Especially at a time when artificial intelligence is soon going to take over the workplace, these good qualities will be well received.

Delegation of Duties:

This is a maxim every leader has to live by. Decentralisation of power is necessary for the broader interests of a company. A sizeable multifarious organisation looks to benefit from this step in more ways than one. First and foremost, it takes some burden off the shoulders of a leader allowing him/her to focus more on the work at hand. Second, in matters such as decision making, the company will be richer for it will view things with different and varied perspectives now behind every decision. Third, it is an exercise that builds the future leaders. Speaking from a futuristic perspective, the leaders have to take it up a notch by splitting the duties between humans and machines.

Global Outlook:

The ultimate aim of any organisation is its expansion. Transcending the borders, cutting across the different cultures, and gaining global leadership are at the top of priorities for any leader. To translate this dream into reality, the leader must have a receptive mind, openness to all cultures and an awareness of the diversity of the world. To be a global leader, one should have the open-mindedness to build a workplace that is inclusive of all differences. It is the key to managing diversity efficiently. They need to group people under the same belt hailing from different nationalities and branches belonging to different nations and communicate the broad goal of the company to them.

Cultural Adaptability:

This quality is also closely related to the previous one. A global leader, or a leader of any capacity for that matter, in a diverse country like India, must possess adaptability. The leader must not only develop a cross-cultural understanding to work in a distinct atmosphere, but also adapt one's leadership style to it. As a leader, it is her responsibility to integrate the different cultures into the workspace and feel comfortable working in that space. When a leader embraces diversity, it leads to higher satisfaction in the workplace which in turn, leads to higher employee retention and reduced employee turnover.

Agility:

Agility is the quality to understand and learn from past experiences. This learning has to reflect on the leadership style. A leader should essentially adapt to any given situation by putting to use his/her faculty of memory and cognitive power. An agile leader can understand and think quickly and hence, arrive at a well-thought decision sooner. You have to be quick-witted to be responsive to the rapid changes faced by the business. Agility is often touted as the quality of the next generation leadership. To stay relevant in the changing times, the top administration has to challenge the status quo continually.

The Power to Envision:

Formulating plans, setting organisational long-term and short-term goals are some of the most important works of the top management. This function requires the expertise of a strong leader. A leader must necessarily be imaginative. It is the power to visualise that helps one understand what they seek to achieve and only then can they take a step further toward that goal. Therefore, any leader worth his/her salt should have the capability to envision and direct the team to that future.

Originality:

It is essential for a leader to be an original and not a version of someone else. To successfully lead a company, the leader should develop a perspective of his/her own, an authentic and honest viewpoint. It is the mark of a strong character to speak and act true to one's thoughts. A company that seeks to earn profits from the good of the society must have a leader who works conscientiously. She should have high ethical standards and take decisions according to moral obligations despite temptations to do the contrary. A materialistic mind that functions with hidden agendas and motives will ultimately lead to the downfall of the company.

Understanding the Context:

The responsibility and the power of setting the strategic goals of an organisation are rightfully vested on the shoulders of the leader of that organisation. This requires the leader to have, as already discussed, the power to visualise the future. The prerequisite to that power is the knowledge of the company's present. To decide a direction for the future of a company, the leader must be in touch with its reality. It is the contextual intelligence, that is, the understanding of the context in which the company exists, that allows one to lead the company to its future. The skill also involves having a sound knowledge of the competition faced by the company and the changing landscape of the business.

Understanding Media:

In the present and most definitely in the future, the media has and would have an active role to play in the business of a firm. The social media has given everyone the platform to address, with no intermediaries, the audience. The stakes are too high to let this opportunity pass. People have come to love the transparency with which organisations seem to function. This is an ideal way to build trust and connect with people. A leader is the face of the team, and she/he leads which is why it is essential for her to tap the potential that the media outlet offers entirely. Using this technology, the leaders can effectively engage and communicate with others.

Do you feel that you have what it takes to be a future leader of a company? You can always study all that you need to know and fine-tune your qualities by choosing the right course. Read on to find out what direction you need to study to develop leadership capabilities.

What are the leadership course being offered by Hughes Global Education?

e-Mode Post Graduation Programme (ePGP) from IIM Ahmedabad

The Hughes Global Education provides a two-year e-Mode Post Graduation Programme with the added provision of completing it in three years. IIM Ahmedabad certifies this course. It is intended to target professionals working in the top, middle and bottom level of management. Entrepreneurs looking to develop leadership capabilities will also be benefited from this course. The course follows an innovative curriculum as formulated and evaluated by the IIM Ahmedabad. The students have to pass an exam and an interview to be eligible. At the completion of the programme, she/he will be awarded a certificate of Post Graduate Diploma by IIM Ahmedabad.

The leadership styles and qualities will have to be in sync with the changing times. There is no rule book that can predict how to change tactics or strategies in the unpredictable future. It requires some unlearned skills. However, with proper education, you can understand the defining principles and theories of leadership and learn the skills that are vital to being a leader such as decision making. It also gives you the tools and techniques for analysing the trends and patterns which is an essential part of management. This way, you can cement your inherent leadership qualities with the right course. Hughes Global Education offers the working men and women the platform to prepare for their elevation to higher levels of management.

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