Beat Competition with these Leadership Trends

The future belongs to swift decision-makers. Leaders need to master the interrelationship of various levers - understanding the changing customer dynamics, application of modern methods to engage the employees, finding the right mix of technological and human intervention, and finally leveraging human skills to work in an unstructured environment.?

Following trends are quickly refining and redefining the previous old practices.?

1. Flatter Org Structures

No more "superheroes" or "great leaders" in the room. No more micromanagement. Now is the time for increased collaborative and cross-functional thinking. Quick decision-making, increase ownership and a high degree of cohesive team culture will win under the VUCA world. Leaders must look for strong communication and robust responsibilities to respond to market challenges with decentralization of power.

2. Self & Others' development

The strength of the chain is the strength of the weakest link. Your company is as strong as the strength of your employees. It is a must to engage and empower them with the right and high-quality training for personal and professional success. When things around you are changing fast, there is no reason why your outdated knowledge can stay and suppress the growth momentum of others.

3. Talent Bench Strength

Organizational success to a great extent depends on a leader's ability to attract and retain critical talent. The strong bench strength of critical talent gives way to experimenting a lot, finding best practices, and thus developing an innovation culture. It gives height to the organization to rise above the competition war and establish themselves as market leaders.

4. Soft skills & AI

Any role that is repetitive and non-value adding will either get redundant or goes to the robots for automation. But skills like creativity, critical thinking, leadership, and sales abilities cannot be automated. We need better AI algorithms to understand our businesses where the right amount of automation can be implemented. The idea is to make us more efficient and productive.?