5 Skills You’ll Need to Lead the Company of the Future
In the traditional corporate model, strong leaders pursued a singular vision through the strong command of an organization. Today, we live in a time of rapid change, when products and services often become obsolete overnight, and competition includes startups and companies in adjacent industries—the traditional leadership archetypes need not apply.
Instead an entirely new value system is beginning to emerge for the leaders of the future, one that will continue to grow with the rise of new tools like artificial intelligence, robotics, and automation.
“There’s been a transition from thinking about corporations solely as revenues and profits, and thinking about the organization in a more inclusive way,” says Ernst & Young’s (EY) global chief innovation officer, Jeff Wong. “Clearly revenue and profits are still important, but the leading companies are starting to think beyond that.”
Wong adds that while organizations used to select leaders based on relevant management experience, there is now a premium on leaders who demonstrate drastically different skill sets; the ones that experts believe will help organizations navigate a rapidly changing business environment.
1. THE ABILITY TO THINK OF NEW SOLUTIONS
While leaders of the past were often tasked with executing predetermined strategies, increasing efficiency, and improving preexisting processes, one of the most valuable assets of future leaders is their willingness and ability to create something entirely new.