Introduction:
Leadership is a crucial skill to cultivate when navigating organizational management. It represents a distinct skill set that differentiates a leader from a manager. Research has demonstrated that while managers oversee the processes required to accomplish tasks, leaders inspire their team members to embrace the journey toward the goal and complete tasks willingly and enthusiastically (Schuetz, 2017b). The comparison of management versus leadership has been an enduring debate, but fostering collaboration between the two can positively impact individual development and contribute to a thriving work environment.
Core Traits of an Exceptional Leader
Aspiring Vision: A purpose-oriented leader will have a clear and aspiring vision. However, they will always motivate and inspire their colleagues while leading towards the goals. Connecting people to aim and accomplish the organizational goal.
Handle Resiliently: Resilience is the process and outcome of successfully adapting to challenging life experiences, especially through mental, emotional, and behavioural flexibility and adjustment to external and internal demands. The leader has highly resilient skills. They have great coping skills for every challenge to attain the desired goal. Leading with resilience involves projecting a positive attitude to support others in staying emotionally strong and committed to a common goal, while also having the bravery to push forward and conquer challenges. Resilient leaders prioritize their well-being and that of their employees, ultimately enhancing performance for themselves and their teams.
Highly Accountability: Taking the whole responsibility for every decision and action along with the accomplished outcome regardless of whether it’s favourable or not. Inculcate fair and equal enforcement, set an example through action rather than words, also prioritize maximizing profitability and production of the organization.
Influence & Integrate: An influential leader with the ability to effectively collaborate with diverse individuals is always aligned with their goals. Leaders display strong collaboration skills when they work effectively with colleagues from different social backgrounds, locations, roles, and experiences. In today's interconnected world, successful leaders must be able to bridge boundaries and adapt to collaborating across different organizational silos. Embracing and valuing collaboration offers many benefits for leaders, including enhanced innovation, improved team performance, and a more engaged and empowered workforce.
Catalyst to Productivity: A leader acts as a bridge-builder to the path of success. Providing timely advice, conducting precise problem assessments, and implementing practical solutions are crucial for managing challenging circumstances. A skilled leader can effectively deliver all three of these components when confronting any issue. This is advantageous for enhancing the productivity of the organization.
Skilled Communication: Effective communication manifests in various forms, encompassing information transmission, storytelling, seeking feedback, and employing active listening techniques. Effective leadership and communication are closely linked as proficient leaders can communicate adeptly, whether verbally or in writing, with diverse individuals from different backgrounds, roles, levels, geographical locations, and more. The communication channels one follows and inculcates in one’s team is an important factor as this can cause establishment or destruction as an overall consequence of one’s communication methods and habits for the team. The caliber and impact of communication between leaders within your organization will significantly influence the triumph of your business strategy.
Leadership Training: A Critical Need for Today's Success.
Wisely said there is always room for improvement as humans so it goes with learning leadership skills. “All leaders are learners. The moment you stop learning, you stop leading. I learn as much as I can, form as many as I can, as often as I can” by Rick Warren. Training and development activities enhance the learning process marking a magnificent change in leadership skills and approaches towards challenges. Employee training is an activity and effort to improve the competence, attitude, knowledge, and skills of human resources. These factors have a close relationship, so they cannot separate because they are mutually supportive and complementary. Urbancová et al. (2021) stated that if an organization wants to thrive in today's highly competitive environment, it cannot do so without continuous training and development of its employees. (Purnaman et al., 2022)
Results of Leadership v/s Company Growth
1) 70% of the variance in employee engagement scores is directly attributable to the quality of the manager or leader. (Gallup Research, 2017).
2) Organizations with strong leadership development programs are 1.5 times more likely to be rated in the top 10% of their industry in terms of employee engagement. (Deloitte’s Global Human Capital Trends, 2016)
3) Companies that invest in leadership development are 2.4 times more likely to hit their performance targets and have 25% lower turnover rates. (Harvard Business Review, 2016)
4) Strong leadership practices can increase employee engagement by up to 20%. (McKinsey & Company, 2015)
Elevating Leadership: The Role of Training and Development in Skill Enhancement:
Boosting productivity: Well-trained leaders can attain the desired goals, be work-oriented and deal with challenges effectively. Optional management of resources and funds leads to overall growth. Boosting the productivity of team members and getting them to their full potential.
Increased Innovation: Fostering creative thinking and implementing ideas for profitability and promoting exposure to experimentation and continuous learning. Break through the status quo for team building and successful development and raise the bar each time.
Adaptation to Change: Change is the only constant and inevitable. Evolving according to the needs of time and competition has become very important. Training the team to upgrade through transition and making them field-ready.
Enhanced Ethical Leadership: Ethics and socio-operational responsibilities have remarkable importance. Programs for developing leaders frequently incorporate courses on ethical leadership, stressing the value of honesty, equity, and responsibility. In addition to being regarded with confidence by their colleagues, ethical leaders also assist companies in establishing a solid reputation in the industry.
Global Perspective: A narrowed perspective in this globalized world is never appreciated. A leader must be equipped with Global Business practices, cross-cultural dynamics and international market trends to make a global change through their actions.
Conclusion:
Leadership has sought paramount importance in the competitive and globalized world. Facilitating leadership skills will lead to the profitability and success of the organization as well as individual growth. There is a significant evolving role of leaders in fostering diversity, equity, and inclusion along with upgrading technology, international business and influential markets. Workplace environments where teams truly like their jobs are created in large part by leadership development programs designed specifically for managers and people leaders in startups and high-growth businesses. These programs help dynamic organizations develop and succeed while fostering an atmosphere where people flourish by giving leaders the tools they need to adapt to fast changes, foster creativity, give stability, and engage and retain their teams.
Comments