Business Leaders are expected to create a compelling vision. Implement strategies and techniques to support this vision. Hire and grow people who can bring these strategies to life.
In addition, Leaders are expected to not only inspire and encourage their people but also understand how to take the business forward.
Here are 3 skills crucial for strategic leaders.
1. The Ability to Align
Savvy leaders realise that they need the support of their managers and employees to achieve the business goals. This means understanding how to align business goals with employee personal goals and coaching their managers to do so.
A recent research has shown that only 20% of employees in the UK consider themselves productive in their job. That's an enormous roadblock to success.
Employees sometimes feel disengaged from business goals as they see no connection between what motivates them and what they are doing.
The manager's job is to harness the power of employees’ individual goals and align them with business goals.
2. Building and Expanding Skillset
Successful and strategic leaders don't rest on their past victories. They can see new opportunities. They know that they must develop and coach their people to achieve new and challenging goals.
Technology, IT and product training are the areas most commonly invested in. Yet, training newly promoted or hired managers can reap significant benefits.
Transitioning from team member to a leader is never easy. Strategic leaders invest in developing leadership skills of new managers right at the beginning. It helps aspiring leaders to deliver results through their people effectively and quickly.
Strategic leaders value the importance of training, coaching and mentoring their managers.
3. Ability to Communicate Effectively
Business Leaders spend a lot of their time receiving and sending out information. Yet, only a few interactions between the leader and their people result in achieving the desired outcome.
Many Leaders are certain they are always clear on what they want their team to achieve. They even offer the opportunity to ask questions. Yet, they do not check if the team heard what they think they said.
Words only make up a small proportion of how we communicate with each other. The information Leaders communicate is often a subject to individual interpretation, leading to miscommunication.
Remember, communication is not what we put out there but what we get back. Strategic Leaders know how to ensure clear, transparent and effective communication.