Three things I know: taking over the family business
How many times did I secretly wish for my father to leave the business and leave me the sole “Queen” on board? Ten years later, I cannot imagine working without him by...
Brain Circuits
How to leave a sustainable legacy: 5 leadership keys
A five-step approach can help you foster a sustainable legacy while supporting a financially sound future for your organization. James Welch explains how it’s done.
1. Develop a long-term orientation
In a competitive landscape, many leaders are driven by the need to show immediate results. However, responsible leadership calls for a mindset shift – one that prioritizes patient, thoughtful planning over rapid, reactionary decision-making.
- How it works
Develop a culture that values steady growth, innovation, and adaptability, positioning the organization to withstand market fluctuations and changing demands.
2. Embrace diversity
Organizational diversity is a powerful means to leverage a range of perspectives, skills, and ideas that foster innovation, resilience, and the agility required to adapt to evolving market demands.
- How it works
Actively integrate diversity at all levels to create an environment rich in creativity, adaptability, and strategic insight. Diverse perspectives lay the groundwork for more comprehensive problem-solving and a deeper understanding of complex issues.
3. Display emotional intelligence
Strong emotional intelligence brings a significant advantage to organizations by recognizing how emotions influence behavior, decision-making, and relationships.
- How it works
Create a culture of psychological safety, empowering employees to express ideas, acknowledge mistakes, and take calculated risks without fear of retribution. This environment boosts morale and drives engagement; enabling individuals to contribute their best efforts and creative insights, and boost organizational performance.
4. Model ethical decision-making
Ethical decision-making is the compass that guides you in navigating complex challenges with integrity.
- How it works
When you model ethical behavior, you set a powerful example that reinforces trust within the organization and motivates employees to uphold the same standards. Impact extends beyond internal operations, serving as a foundation for building trust with clients, partners, and the broader community.
5. Project a strategic vision
Strategic vision requires you to see beyond immediate challenges and short-term profits to envision a long-term pathway aligned with the organization’s mission and values.
- How it works
Continuously evaluate and refine your approach, ensuring that each step aligns with the purpose and goals of the organization. This allows you to anticipate changes, pivot when necessary, and stay committed to the overarching mission, even if it requires difficult short-term trade-offs.
Key learning
As businesses continue to navigate an increasingly complex global landscape, these principles provide a roadmap for lasting impact, ensuring that your decisions today lay the foundation for a thriving, responsible future.
Authors
Related
Why leaders should learn to value the boundary spanners
Entrepreneurial talent who work with other teams often run into trouble with their managers. Here are ways to get the most out of your ‘boundary spanners’...
Audio available
Cracking the culture code: how to ensure maximum team performance
Culture shapes how people work together, make decisions, handle conflict, and support each other. Ask yourself the following questions to check where your teams might be going wrong, and read on for tips on maximizing...
How to prevent employee burnout through a growth mindshift
When we feel stressed, we’re more likely to operate from a place of fear and fall back on a mindset that is fixed, judgmental, and focused on polarities – behaviour that soon...