How Future-Proof Are Your Leadership Skills?
It’s that time when people start to talk about a new year. You might be entirely on board and curious about how work and leadership will be different in the future. But maybe you are feeling a bit resistant. Especially given the unpredictability of this past year, it is no surprise that you may feel skeptical about preparing for the future or even a bit exhausted by the idea. No matter if you find yourself resisting or embracing change in the workplace, more is coming. Disruptive innovation, increased global competition, and evolving market pressures are converging. Businesses are responding by speeding up transformation. No leader sets out to become obsolete, and developing leadership habits is a competitive advantage. Now is the time to 'bet the farm' on you. Here are two timeless leadership skills and four low-cost, high-impact leadership development ideas to keep you growing and bring out your best in the new year.
Why develop future-proof leadership skills?
Every business is vulnerable to threats. But too few businesses and leaders stop to consider the possibility of becoming irrelevant. Harnessing the potential of company growth takes well-equipped leaders.
"If you believe that training is expensive, it is because you do not know what ignorance costs." Leboeuf
Well-equipped leadership makes a difference. Here is how:
Team Performance: Several research studies have investigated the connection between the leader and business performance. Studies have demonstrated that effective leadership improves follower performance and promotes higher business results, follower job satisfaction, and follower organizational commitment.
Innovation and Creativity: Evidence suggests that leadership is essential for driving innovation in a company. A study involving over 400 executives from 48 companies connected strategy and innovation performance directly with good leadership habits.
Trust and Change: Studies have demonstrated that the level of trust in leadership directly correlates to employee retention, organizational commitment, and support for organizational change. Furthermore, when executives build trust, evidence suggests that organizational change readiness increases.
Internal Communication & Relationships: Words shape worlds. Studies have revealed that influential leaders enhance two-way communication, creativity, collaboration, job attitudes, and organizational commitment.
Leadership Transitions: Leadership transitions, whether successful or not, are costly. Evidence suggests that, on average, 35% of internally promoted executives fail, and direct reports spend 10-20% of their time helping a new leader transition. Successful leadership transitions increase company revenue, have 13% lower attrition rates, and are 90% more likely to achieve long-term performance goals. Leadership development is a leadership transition acceleration tool.
2 Future-proof leadership skills
Future-ready leaders need the right skills to be effective. In a complex and fast-paced digital workplace, leaders need to be able to quickly discern and apply the appropriate leadership skills to bring out the best in followers. Leaders need employees that go beyond what is expected in ways that contribute to the organization’s results and make the communities where they operate better.
Leadership Behavior – is how a leader responds within the leadership system. A behavior is something that can be seen and described.
Leadership Attribute – is an inherent quality of a leader as perceived by others.
When you think about the future of work and consider the leadership behaviors and attributes needed, it is likely that technical and analytical skills will come to mind. According to a study by McKinsey & Company, it is projected that by 2030, the time spent during a workweek on information technology and programming tasks will increase the most.
Leadership is a relationship, and technological innovations change the work, worker, and workplace. While some skills will likely be less in demand, it is important to consider the human leadership skills that remain in the technology-driven workplace.
Evidence suggests that more dynamic leadership skills are the most effective. Idealized influence and inspirational motivation are two key leadership behaviors and attributes to help leaders meet today’s and tomorrow’s complex organizational challenges.
Future-Proof Leadership Skill #1: Idealized Influence
Leadership is achieved through others rather than by a leader alone. Establishing idealized (positive) leadership influence is vital. Idealized influence increases trust, enhances learning, increases emotional connection, and empowers followers to think independently and express their individuality.
Leaders that can display idealized influence tend to possess a high degree of moral behavior, virtues, character, and work ethic. These leaders reflect the organizational culture, impart pride in followers, and reinforce the importance of teamwork and shared success.
Idealized Influence Behaviors:
Talk about their most important values and beliefs
Communicate the importance of team trust
Reinforce the importance of purpose
Evaluate the ethical consequences of decisions
Reinforce the need for teamwork and its possibilities
Idealized Influence Attributes:
Infuse pride in others
Make personal sacrifices for others
Encourage others about the future
A modern example of a leader that displays idealized influence was Jack Welch. He was the former GE CEO known for achieving tremendous organizational results by developing others.
Future-Proof Leadership Skill #2: Inspirational Motivation
Leaders in a volatile and uncertain marketplace need to adapt and motivate followers toward a challenging and aspirational vision. Human nature focuses on what is missing or needs to be fixed. However, inspirational motivation behaviors involve creating and effectively communicating a shared positive vision and purpose for followers.
Inspirational Motivation Behaviors
Optimistically communicating about the future.
Enthusiastically communicating about what needs to be achieved
Communicate a compelling vision of the future
Provide an exciting image of what is essential to consider
Express confidence that goals will be achieved
Like idealized influence behaviors, inspirational motivation enhances the leader-follower relationship by increasing trust and emotional connection. Additionally, inspirational motivation behaviors heighten the willingness of followers to excel.
Jack Ma is a modern example of inspirational motivation leadership behaviors and attributes. He is the former Alibaba CEO known for his ability to communicate a small business eCommerce vision, leading Alibaba to become the world's largest retailer and online marketing company.
Are your leadership skills future-proof?
Taking time to self-assess is a valuable means of deepening your awareness to ultimately enhance your leadership capability.
Here are a few questions to consider that encompass the idealized influence and inspirational motivation leadership skills:
How often do I build trust and act with integrity?
When have I experienced positive or adverse trust outcomes?
When have I experienced positive or adverse integrity outcomes?
How often do I encourage others?
When have I experienced positive or adverse motivation outcomes?
4 Low-Cost, High-Impact Leadership Development Ideas
Many leaders recognize a need to develop their skills continuously; however, they often lack the resources to make it happen. Leaders wanting the best chance to thrive in the future need to be continuously developing.
Here are four ideas to keep you growing:
Development Idea #1: Reflection
It is easy to move quickly from one task to the next and miss opportunities to learn and grow from experiences. Simply try asking a question to create the space for focused reflection. The following powerful questions come from an after-action review process used by the military to provide a structure for reflection:
What was expected to happen?
What went well and why?
What can be improved and how?
Development Idea #2: Executive Coaching
An executive coach is not a counselor or mentor. Counseling deals with past or current trauma, mental health, and symptoms, to restore emotional wellness. Executive coaching focuses on the future and not the client's history. A mentor, unlike a coach, sets the agenda for their client using their experiences to guide the relationship. While that approach can be helpful in reality, we are all created with different strengths and backgrounds. A coach draws out the executive's desire and works to co-create options to achieve the executive's goals with individual and organizational benefits.
In a literature review of 81 executive coaching studies, researchers found that executive coaching positively impacts the leader and the organization. These benefits range from becoming more confident to contributing more effectively to empowering employees and improving employee retention.