by Paul Bates
Business leadership is a never changing idea that only evolves with time. Great business leaders will forever feel the need to inspire their workers to achieve organizational goals. The essential habits of great business leaders thus include the need to embrace technological change, motivate employees, work on communication within the firm, understand consumer needs, and set an example for the team. This article shall thus infuse the above elements in addressing the essential habits of great business leaders. ‘
The need to embrace change in leadership
Business and life dynamics are improving at quite a fast rate. With the advent of the World Wide Web and technological advancements, several businesses become irrelevant by the day. “It is therefore essential that business leaders should embrace change, adapt, and act proactively to remain competitive within the global marketplace,” explains HR Director at SolidEssay. Take, for example, the analog television viewings that go out of business due to the advent of the digital video broadcasters. If, ever, a manager in a given television channel were to ignore the need to adapt to the technological advancements, then such a station is locked out of operation. Such is much dire the need for change and innovativeness is essential within business management ranks. Leaders should further be in a position to learn and unlearn new things that are critical in the running of the business.
Tech savviness
In a world where everything drives on technology, a good business leader must be tech savvy. This need is created by the fast rate at which technology is evolving within the business environment. Today, almost everything is driven by technology. The development of the World Wide Web has created endless possibilities for businesses through e-commerce, online conferencing options, social media sites for marketing, and globalization. It made the world ‘a global village’. Technology, therefore, seems to be a tool that might remain relevant forever to meet the needs of firms and consumers in this global village. Managers must consequently learn how to use the appropriate computer programs and adjust accordingly with time.
Understanding the market
Great business leaders understand the value of customer satisfaction. According to Ashley Wright, Product Development Coordinator at ConfidentWriters, in a competitive global economy, the consumer is sovereign. They are price setters who control much of the business operations. To remain relevant, business managers must understand how to satisfy consumer needs by providing high-quality products at the right time and in the proper manner. Managers thus come up with means of exposing their companies to broad market and meeting customer needs. Such keenness keeps away the brand damage that results from the failure to understand the fast-changing technology as well as the complex needs of the customers due to misleading stereotypes. Moreover, a manager must follow the emerging trends in the economy and effectively include them in the product development and promotion.
Communication
Great business moguls understand the value of communication in running a business. They employ communication to build up co-creators among their teams. These select individuals are passionate about the achievement of the organizational goals and work readily in hand with the manager towards the accomplishment of the same. The latter is, however, only possible when the manager understands the value of communication within the firm. Clear and consistent communication creates the channel for implementation of various ideas and strategies. Leaders must thus be social and approachable at all times.
Exemplary leadership
As stated by Steve Martin from HBR, great leaders “create influence”. Influence may involve less authority, but it gets the followers to do much. Influence is earned through respect for the leader and belief in their vision. Great business leaders have visionary plans and involve their workers in the attainment of these goals. They make the workers feel an investment in the success of the business and thus attain the targeted organizational goals.
Today, all business leaders must be technology savvy. They must understand the value of various technological opportunities around their business. Besides, they must invest heavily in harnessing big data, financial technologies and social medial promotional activities. More importantly, they need to demonstrate exemplary leadership by embracing change.
Paul Bates is an academic researcher at BeeStudent. He is maintaining an EssayTask blog for freelance writers and students, and is a regular contributor at HuffPost and SwiftPapers.