5 Critical Skills for Strategic Leadership

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Having the ability to influence others to make decisions is a crucial skill for strategic leadership. Not only does it enhance the long-term success of an organization, it can also help maintain its short-term financial stability.

Collaboration leads to trust

Creating an effective and healthy work environment requires collaboration and trust in strategic leadership. The right mix of skills, talents, and abilities can lead to a productivity boost, better problem-solving skills, and an overall improvement of workplace culture.

As we move further along in our digital transformation, collaboration becomes a critical component of organizational success. It’s critical to have an environment where people feel safe and motivated to share opinions, ideas, and data. It’s also essential to be open about uncomfortable information and issues.

In order to effectively collaborate, leaders need to maintain a level of communication with all collaborators. They must model behaviors that keep their teams focused and accountable. They need to make data-based decisions and draw conclusions. They must also be attuned to the type of leader their collaborators are watching.

Humility

Developing a humble leadership style is a critical leadership skill for organizations that want to achieve great results. Humility enhances an organization’s ability to respond to external threats and opportunities. Research has found that humble leaders listen more effectively and focus everyone on the organizational goals better than other leaders.

Humility also creates a culture of belonging. When everyone feels appreciated, it encourages innovation and personal development. This culture of getting the best from everyone helps develop a strong team, and enables employees to help the business achieve its goals.

In addition, leaders who demonstrate humility can hold themselves accountable and implement strategies. They can learn from mistakes and seek feedback from their colleagues, which can lead to better performance.

A leader’s humility can be triggered by situational factors, such as his or her emotional perception of the situation. Similarly, the capability of the followers may affect the leader’s level of humility.

Accountability

Creating an accountability culture within a company is one of the biggest challenges facing leaders today. However, it can be done. In fact, there are four main strategies that can be used to foster accountability.

The first step is to establish a clear set of objectives. Then, you must communicate them to your staff. In doing so, you will make sure that everyone is on the same page. In turn, your staff will become more engaged and more productive.

The second step is to make sure that your employees are aware of your company’s values. These should guide their day-to-day decisions. You should also talk to them about their career goals. In doing so, you will inspire them to strive harder for their goals.

The third step is to ensure that all employees are held accountable for their actions. This is a great way to create a culture of trust.

Integrity

Whether you are a senior leader or an aspiring executive, integrity is a key component of strategic leadership. It is the basis for building trust and credibility in the workplace. Having integrity will influence employees to stay with your company, as well as increase productivity and profits.

The term integrity is derived from Latin, meaning whole or complete. It refers to the consistency of principles, actions, and outcomes.

During the past decade, several companies have implemented integrity initiatives. The strategies they employ range from focusing on ethically desirable values to developing controls and incentives.

Integrity is important because it enables an organization to achieve its mission and vision. It is also a stabilizing dimension, which makes it easier for an organisation to navigate through difficult situations. Moreover, integrity helps to reduce employee burnout.