Top 21 Leadership qualities in Business Management

The world economy is getting more complex and unpredictable. Companies are constantly searching for top talent with the best leadership qualities to be part of their organization to deal with this challenge. The best business schools are going beyond the traditional classroom education for their leadership development programs in order to maximize the learning experience for executives and ensure effective leadership.

Industry experts teach both the academic and practical side of running a business, even providing continuous consultations when leaders have returned to work. This is because business management schools acknowledge that organizations continue to demand better leadership traits and qualities from their personnel across all levels. Organizations want their leaders to not only be experts in their fields, but also to have the right mix of leadership styles that fit their organizational culture and lead their business to success.

The bar of job qualifications is constantly being raised higher. As an executive, you want to enhance your leadership traits and industry know-how to continue to shine above all others in your field. This article will show you what leadership qualities are the most sought-after by businesses in today’s volatile and multifaceted business environment.

Laser-Like Focus

1. Concentrate on the goal (Use Racehorse Blinkers)

Competition amongst businesses today is like a horse race. A good leader, like a racehorse, must have their blinkers on to run with laser-like focus towards the goal. There will always be distractions and personal dilemmas that leaders face. Brian Dumaine said in his online article “The Kings of Concentration” that a CEO receives up to 300 e-mails a day. Add to this the meetings and phone calls, there clearly are not enough hours in a day to tackle everything.
In order to be effective at managing organizations amidst all the hectic activity, you need to have a laser-like focus. Effective leadership is knowing how to prioritize the most important tasks.

Practical Tips:

Tip 1. Set Up The Night Before.

Prepare for the tasks you need to accomplish at work the next day. Take a mental note of your priorities and most important tasks. At the end of the day, review how your day went against your plan and personally celebrate your accomplishments.

Tip 2. Stick To Your Plan But Prepare To Be Flexible.

Create a checklist you can use as a guide throughout the workday, tick off tasks you’ve completed according to your plan. If something urgent comes up that needs your attention, be flexible in adjusting your checklist. Once you’ve tackled the unexpected items, go back to your list and move according to plan.

Tip 3. Prioritize.

Bigger projects may involve several small tasks. Prioritize working on the items that can be completed quickly so you get good momentum. You’ll get a sense of accomplishment when you see your tasks being completed in relation to the big project.

Tip 4. Stay Energized.

Take short breaks to recharge yourself mentally and physically in order to stay focused. When your brain gets overworked, you tend to be less productive. Sitting for long periods of time is not good for your health either. So do some stretching, stand up and move around to reenergize your mind and body.

Tip 5. Change Your Environment.

Just having a fresh view may help you focus better and allow you to finish your projects faster. Your usual work space may present a lot of distractions so move to a quiet place or change your work space orientation to have fewer distractions.

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Innovation & Creativity

8. Innovation & Creativity (Keep Your Creative Juices Flowing)

Elon Musk is probably one of the most famous innovators and inventors of our time. He has been part of start-up companies that grew to multi-million dollar organizations. He is even listed by Forbes as one of the most powerful people in 2016. From PayPal to Tesla to the Hyperloop, his innovations span a multitude of genres.

He continues to innovate and create amazing products that are geared towards the future. Effective leaders need to think like innovators and keep their creative juices flowing to keep up with all the business transformations prevalent in the world today.

Practical Tips:

Tip 1. Create Brainstorming Groups.

Get individuals together to brainstorm and come up with creative ideas. You can even try to create this group outside the workplace to encourage like-minded individuals from other organizations and industries to share and come up with better ideas.

Tip 2. Attend Training And Seminars.

Travel to other places to attend training and seminars, you will not only learn academically, but also widen your cultural and sociological horizons as you interact with other attendees.

9. Patience (Required in Complex Business Dynamics)

A good measurement of effective leadership is patience. When you are the most powerful person in your team, organization or the government, it is hard to imagine that you need to be patient. Everyone is supposed to follow your lead, give you what you need, when you need it done. Why does a good leader need to be patient?

Not all things are smooth-sailing in uncertain situations and in dealing with complex business dynamics. Leaders who are not patient will feel the pressure and stress of their job and consequently will not be effective. Without patience, it’s easy to lose control of your emotions, the situation and eventually your team. Patience is a virtue: especially for leaders.

Practical Tip:

Practice Patience.

You need to make a conscious effort to be patient at all times, whether it be small or bigger inconveniences that would normally frustrate you. At the end of the day, observe your progress and adapt accordingly.

Emotional Intelligence

15. Emotional Intelligence (Be An Architect Of Your Own Experience)

In an article entitled “Are Leaders Born Or Made?” , the author shared that only about 25% of the leaders she has coached in over 20 years are truly self-aware. Self-awareness requires emotional intelligence, because you need to be able to communicate from within. In order to connect with others and engage them in the thoughts you wish to convey, you need to be aware of all the elements in play professionally, emotionally and intellectually.

Effective leaders need a level of emotional intelligence in their long list of “must have” leadership traits. Leadership development programs help you get in touch with your inner strengths and enhance them to heighten your emotional intelligence and become better leaders.

Practical Tip:

Identify Emotional Patterns.

Take note of your default responses to similar situations. What situations make you react and what are your responses? Once you isolate these triggers, make a mental note and ensure that you consciously identify them the next time it happens. See to it that you respond thoughtfully instead of reacting instinctively.

16. Resilience (Strive To Stay Calm During Turbulent Times)

Many similar dot com companies pop up like mushrooms, but very few survive and emerge as leaders in their industry. The changes in the economic environment have become more difficult to keep up with. There are higher stress levels for executives to face each day in the workplace. Effective leadership is evident in organizations that are able to cope amidst all the stress.

The American Psychological Association defines resilience as “the process of adapting well in the face of adversity, trauma, tragedy, threats or significant sources of stress”. Every business will go through difficult situations that will test its leaders. The test of their resilience is not the ability to avoid difficult situations, but how they face distress and bounce back from it stronger than ever.

Practical Tip:

Carve Out Quiet Time In The Morning.

Even a two-minute period of quiet time in the morning will get you better prepared for the long day ahead. If you have a long commute to work, listen to music that relaxes you to get a good headstart. You can also use that time to plan out your day and set priorities on what to tackle first once you reach the office.

Leadership Qualities & What They Mean For Your Business

Even if you believe that leaders are born and not made, it is still necessary for born leaders to develop their leadership traits to be better at what they do and stand out from the competition. You will need to be aware of the leadership qualities you need to enhance.

Without a doubt, leadership development programs can help make you a better leader. Joel Garfinkle, in his article “3 Reasons to Invest in Leadership Development”, shared that a study by The Hay Group showed up to 40% of fortune 500 companies consult with executive coaches.

This proves how important it is for leaders to keep on learning from experts and educators to be at the top of their game. Find the leadership development program that’s right for you and be the best you can be. Enroll in a course at IMD to develop the traits above, and step into your full potential.

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