Leadership has evolved. Today’s companies need to be agile, innovative and able to make quick decisions. They also need to be able to deliver results that positively impact stakeholders, customers and employees. To achieve these goals, companies need to focus on accelerating innovation, decision making and results. But how can they do this? Here are some key strategies to consider.
Leadership Strategy #1: Clarity on Purpose, Direction and Strategy
Leaders need to be able to communicate a clear vision and mission to their employees, customers and other stakeholders. This clarity helps everyone understand where the company is going and why, which in turn helps them make better decisions and take more effective actions. Here are some examples of how that looks inside stratappsaas.com:
Leadership Strategy #2: Passionately Engaged Employees
True leadership means being able to attract and retain passionate, engaged employees who are committed to the company’s purpose and mission. This means creating a culture that fosters creativity, collaboration and innovation. It also means providing employees with the resources, support and training they need to succeed.
Leadership Strategy #3: Low/No Turnover on High-Performing Talent
Leadership teams need to provide opportunities for growth and development, as well as recognition and rewards for exceptional performance. To learn more about employee retention with flexibility, purpose, time savings and work-life balance, here’s how.
Leadership Strategy #4: Positive Impacts on Stakeholders, Communities and Environment
This means being socially responsible and environmentally sustainable, as well as creating products and services that address real-world problems and needs. It also means engaging with stakeholders and communities in a meaningful way, listening to their feedback and taking action to address their concerns.
Leadership Strategy #5: Higher Resilience and Faster Learning When Things Don’t Go to Plan
Leadership means building resilience in operations and processes, as well as fostering a culture of continuous learning and improvement. Companies that are able to learn from their mistakes and quickly adjust their course are more likely to succeed in the long run. It’s important to have a strategy interactive and dynamic. You’ll notice resilience features in the short video on the 4 drivers of productivity:
Leadership Strategy #6: Proactively Managed Risks
This means identifying potential risks and developing plans to mitigate them. It also means monitoring risks on an ongoing basis and taking action when necessary. What does interactive risk management look like? Learn here.
Leading a Company Strategy #7: Highly Scalable Operating Models (Both Up & Down), Including Cross-Border Teams
Competent leadership means being able to quickly and efficiently scale operations up or down, depending on market conditions and business needs. It also means being able to operate across borders and time zones, leveraging the power of global talent and resources. Here’s one way to do that!
Leading a Company Strategy #8: Competitive Advantages from Innovation, Strategic Choices and the Speed and Quality of Strategy Execution
This means leveraging innovation, making strategic choices, and executing their strategies with speed and quality. Companies that are able to do this are more likely to succeed in the long run, creating value for their customers, employees and stakeholders.