Executive Coaching For Future Leadership — Five Competencies For Leaders In The Future
Five Priorities money for hard times
The final results reveal five key competencies for leaders in the foreseeable future:
1. Thinking globally: Leaders will need to understand the economic, cultural, legal and political environments in which they do business. Innovative skills files for marketing, sales and international production will probably be required. An international perspective is often a high priority.
2. Appreciating cultural diversity: This competency requires more flexibility and openness than any other time. Cultural tension is a natural by-product with the global business environment and leaders should be good at managing it. To be able to lead disparate sets of knowledge workers to a consensus will probably be crucial.
3. Developing technological savvy: Information and communications systems include the backbone in the global enterprise. While CEOs will not be technological experts they must decide about which advances to consider and the way to allocate technological investments wisely.
4. Building partnerships and alliances: Because of each of the reengineering, restructuring and downsizing, many activities are increasingly being outsourced. This requires a heightened power to negotiate complex alliances and manage network relationships. Joint leadership would have been a key.
5. Sharing leadership: Sharing leadership responsibilities will likely be required to navigate global partnerships. Executive team leaders, remembering perhaps the most common vision and purpose, will collaborate to generate effective decisions and strive for integration, not control.
You should keep in mind that leadership is an emergent quality that is certainly created by the acts of countless individuals complex systems. The corporate culture must recognize and accept the necessity for leaders to get help. Leaders cannot walk on water or leap tall buildings, it doesn’t matter how strong they appear to be. Executive coaches are essential for that continuing development of leadership strengths, and you will be even more so in the foreseeable future.