Leading Today's Business Organizations

The current business environment is extraordinarily challenging, competitive and dynamic. Companies need young professionals who can make an immediate impact on their organizations and also individually grow as the company is growing. Business knowledge, management & leadership skills are critical assets for success in almost any career. 

A lot of students entering the workforce or people already in the workforce are from non-business backgrounds such as engineering, science, medicine, arts or the finance streams and now find themselves on career tracks where they need to understand and “speak” the language of business fluently. Others are entrepreneurs who need to stay ahead of the curve in order for their business to succeed and grow. In any case, you need the business, management & leadership skills to advance your career to the next level.

In the past, when organizations followed a more pyramid-type structure, leaders were invested with far more formal authority. These leaders could issue directives, which would be funneled down through the various organizational ranks.  As such, the edicts issued by the leadership carried an enormous amount of organizational weight. Today’s organizations, however, are flatter. The degree of formal authority invested with leaders is much lower than before, and, given the modern-day organizational structure, many leaders do not particularly this authority particularly useful. Instead, they have learned to rely more on their own mastery of certain skills, and focus on learning and developing the same.

While different leaders follow different styles of leadership, there are certain common traits that every leader must possess. These include:

• Communication skills: To speak and write persuasively
• Interpersonal skills: To listen and hear what people are saying and react in constructive ways (active listening)
• Conflict-resolution skills: To handle friction and inevitable tensions
• Negotiation skills: To bring different groups together in order to reach mutually agreeable goals
• Motivational skills: To align people who may not report to you toward a goal'
• Decision-making skills: To take decisions in case of deadlock situations or move towards the larger goal

One of the biggest reasons why most people are so intimidated by the prospect of being a great leader is that only a few truly dare to lead. Indeed, taking up the mantle of leading a team of individuals, many of whom are talented, capable and opinionated, may seem like a daunting task for someone with little or no leadership experience. However, it is this willingness to take on a role and responsibility that others shy away from that sets the stage for a effective, powerful and admirable leader.

Most organizations today are desperately seeking such leaders who will not be afraid to act as pathfinders, visionaries and motivators, creating new avenues for growth for themselves, their teams and their organizations. More than ever, the need for good leaders is large and the opportunity great. To capitalize on this opportunity, however, you must first embrace the fact that leadership comprises multiple dimensions. It is a combination of personal characteristics and transformational behaviors that influence positive action in others. 

If you have any questions, comments or would like to learn more about any of the tools or techniques to improve your soft skills please write to us at chalktalk@last-bench.com

For more information on our skill development programs please click here.