How Leadership Has Changed Today from a Decade?
Dr. Nachiket Bhatia
CEO, DBMCI Angel Investor | Philanthropist | Motivator ?? Host- The Nachiket Bhatia Show
There are still remnants of the image of yesterday's leader, who was strict, regimented, and ruled with an iron fist, but they are mostly found in dated movies and old television programs. Today's leaders should be more like Michael Scott from The Office: witty, jovial, amiable, and empathic. However, what brought about this profound shift in leadership, and how are executives supposed to run their companies now?
Leadership objectives have stayed the same, regardless of whether your company, like Amazon, sells the widest variety of goods on the earth or is incredibly specialized, like FlyXO. Every company still has to run a team, connect with as many consumers as possible, and attract as many patrons as possible to invest in it and use its goods and services.
Although a company's aims are still the same as in the past, how executives must proceed to achieve these goals has undergone a more significant change. Leaders now require a different skill set than they had for decades, from managing technical improvements to adapting to changing values and viewpoints.
Leadership has undergone significant changes for decades. As the world has become increasingly complex and fast-paced, the role of a leader has evolved to meet the needs of the modern workforce. Here are some of the key ways in which leadership has changed over the decades:
Increased emphasis on emotional intelligence
Emotional intelligence (EI) has become increasingly important in leadership. EI is the ability to recognize, understand, and manage one's own emotions and the emotions of others. Over the decades, leaders have realized that EI is crucial for building trust, fostering collaboration, and creating a positive and supportive work environment. As a result, many organizations have begun to invest in training and development programs to help leaders develop their EI skills.
Greater focus on diversity, equity, and inclusion
Over the decades, there has been a growing awareness of the importance of diversity, equity, and inclusion in the workplace. Leaders have realized that a diverse workforce brings a range of perspectives and experiences that can lead to more innovation and better decision-making. To build a more inclusive and equitable workplace, leaders have learned to recognize and address their biases and create a culture of respect and understanding.
Greater emphasis on servant leadership
There has been a growing interest in servant leadership in the past years. Servant leaders focus on serving their team members' needs and helping them develop and grow. They prioritize the well-being and development of others and foster a culture of trust and collaboration. As a result, many organizations have begun to shift away from a hierarchical leadership model and adopt a more collaborative and empowering approach.
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Increased focus on adaptability and agility
Over the decades, the pace of change has accelerated, and the world has become more complex. As a result, leaders have learned to be more adaptable and agile. They have had to learn how to navigate uncertainty and change and make quick and effective decisions. This has required leaders to develop new skills, such as strategic thinking, problem-solving, and decision-making.
Greater focus on work-life balance
There has been a growing awareness of the importance of work-life balance in the past years. Leaders have realized that a healthy work-life balance is crucial for the well-being and productivity of their team members. As a result, many organizations have begun implementing flexible working arrangements and offering resources and support to help their employees achieve a better balance.
Greater focus on digital transformation
Technology has continued to advance rapidly and impacted every aspect of business over the decades. As a result, leaders have had to learn how to lead and manage digital transformation initiatives. This has required them to be knowledgeable about the latest technologies and trends and how to effectively use them to drive business growth.
Conclusion
In conclusion, leadership has undergone significant changes over the decades. Leaders have had to adapt to a rapidly changing world and develop new skills and mindsets to meet the needs of the modern workforce. Emotional intelligence, diversity, equity and inclusion, servant leadership, adaptability and agility, work-life balance, and digital transformation have become increasingly important for leaders.?
The role of a leader has evolved to meet the needs of the modern workforce, and organizations have begun to invest in training and development programs to help leaders develop these skills.