Five Priorities in the future
The results reveal five key competencies for leaders in the foreseeable future:
1. Thinking globally: Leaders will likely need to comprehend the economic, cultural, legal and political environments that they conduct business. Additional skills and data for marketing, sales and international production is going to be required. An international perspective is a high priority.
2. Appreciating cultural diversity: This competency requires more flexibility and openness than ever before. Cultural tension is really a natural by-product of the global business environment and leaders will have to be good at managing it. The ability to lead disparate sets of knowledge workers to some consensus will likely be crucial.
3. Developing technological savvy: Information and communications systems would be the backbone from the global enterprise. While CEOs is probably not technological experts they have to make decisions about which advances to take and how to allocate technological investments wisely.
4. Building partnerships and alliances: Due to all the reengineering, restructuring and downsizing, many activities are being outsourced. This requires a heightened capability to negotiate complex alliances and manage network relationships. Joint leadership might be a key.
5. Sharing leadership: Sharing leadership responsibilities will be required to navigate global partnerships. Executive team leaders, bearing in mind a standard vision and purpose, will collaborate to generate effective decisions and strive for integration, not control.
It is important to remember that leadership is definitely an emergent quality that is manufactured by the acts of countless individuals complex systems. The company culture must recognize and accept the requirement of leaders to acquire help. Leaders cannot walk on water or leap tall buildings, it doesn't matter how strong they seem like. Executive coaches are essential for that continuing development of leadership strengths, and are much more so later on.