With rapid changes in the market and increasing stakeholder expectations, professionals in leadership positions need to be prepared to face complex challenges and seize emerging opportunities.
But how can we identify the right time for People, Talent or HR teams to invest in training for leaders?
In this article, we will explore the necessary skills and signs that indicate the need for leadership development in companies. Check it out!
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The New Economy and Changes in Leadership
The New Economy is characterized by technological bangladesh whatsapp data advances, globalization and a focus on sustainability. In this context, leaders must possess a combination of technical and interpersonal skills to stay ahead of modern market trends.
Therefore, promoting leadership development in companies consists of improving essential skills, such as innovation, management of diverse teams and the wisdom to deal with constant changes, for example.
Essential Leadership Skills in the New Economy
According to a study by Harvard Business Review in 2024, the essential leadership skills to prepare for the Future of Work are the following:
Digital adaptability: Ability to adapt quickly to technological and digital changes.
Empathic Communication: Ability to communicate in a way that is understanding and sensitive to the emotions of others.
Emotional and social intelligence: Ability to recognize, understand and manage your own emotions and those of others.
Conflict Management: Ability to resolve disputes and disagreements effectively and constructively.
Persuasion and influence: The ability to influence and convince others to follow a direction or adopt an idea.
Inclusive leadership: Practice of leading with a focus on inclusion and valuing diversity.
Calculated Risk Taking: The ability to assess risk and make informed decisions for the benefit of the business.
Strategic agility: Ability to quickly adjust strategy in response to changes in the market and business environment.
Engaging and inspiring leadership: Ability to engage and inspire teams, promoting motivation and commitment.
Leadership without formal authority: Ability to lead and influence others without relying on a formal hierarchical position.
How to identify the need for leadership development?
Leadership development for business growthAs we have seen, leadership in the New Economy requires a set of skills that transcends traditional management models, demanding visionary, engaged professionals capable of navigating a dynamic and complex environment.
Here are some signs that your company could benefit from investing in leadership development.