7 Must-Haves for Leaders in a VUCA world
Today’s business world is different than it used to be, requiring business leaders to have new sets of skills to succeed. The sheer amount of responsibility that CEOs now must face can be incredibly overwhelming. The term that many apply to this concept is VUCA, which stands for volatility, uncertainty, complexity and ambiguity. This concept shows how the state of the world is in constant flux, which makes leading far more difficult. However, having the right tools can make that prospect a little easier. Let me share with you today some tools many successful entrepreneurs, young leaders and progressive startup founders use that can help you stay in control no matter how uncertain or complex a situation may seem.
1. 360° Talking
In an uncertain environment, communication skills are easily able to make any situation better. Thus, today’s entrepreneurs need to be able to ask the right questions to determine the problem, delegate tasks to the right people or departments and explain how their knowledge and skills can resolve the situation. These skills can reduce the uncertainty of many situations and bring a level of control to an otherwise ambiguous situation.
To get into a CEO position or any position of leadership, people must have above-average management skills. However, in today’s world, it is more important than ever before. Projects have more facets than they used to, with more people in multiple locations and with a plethora of cultural backgrounds required to make those projects successful. Juggling these facets, the people, the budgets and all of the details require someone who can manage a lot while still staying focused on the final objectives.
3. Talent Combination
As mentioned, today’s projects are more complicated than ever before with more people involved. Getting these people to work together is one of the most effective ways of reducing the unknowns of any project while still achieving peak performance. People may be in the office, work remotely or some combination of both, making the ability to get these teams working together essential — and success critical!
4. Lateral And Critical Thinking
Some people accuse millennial entrepreneurs and young leaders of not having lateral or critical thinking skills that are on the same level as those of workers in the generations before them. The question, though, is not which generation is better at problem thinking. The key question is how to improve personal development skills to be able to see what is going on and come up with solutions. It’s critical to alter these solutions to fit a myriad of problems, and people need to be able to implement these solutions into the problems effectively. If one solution does not work to reduce the problem, the solutions will need to undergo alterations to work as imagined.
5. Collaborative Know-How
One of the most sought-after skills for current entrepreneurs and successful leaders is collaboration. This needs to be within the company, with customers or clients and with any other stakeholders. Doing it right allows for increased company performance, as well as more innovative solutions for the company to bring to the market.
6. Underutilized Inspiration
Being inspirational is something that many overlook when it comes to leadership. Today’s CEOs — more than ever before — need to be role models that employees can emulate. Doing so boosts the organization’s culture and allows for a more cohesive experience when a customer or client works with people at different levels within the company. Plus, it allows everyone in the company to reach out in an attempt to reach the same goals.
7. Vital Flexibility
Stress is an inevitable result of the constant change that comes with today’s business environment. Point taken! That is why flexibility is so vital to successful CEOs. It helps avoid some of the stress that comes with these fluctuations and allows for a more agile way of working. Additional plus: Being flexible and working with agile tools is the only way to stay current with fast-moving market trends and consumer behaviors. Evolution is going to happen during every role that we play, so if you want to become a high performer, you need to be flexible enough to evolve with it.
The more of these skills that young entrepreneurs learn to master, the less the VUCA world is going to challenge them. When your goal is to have more healthy high performance in your life as an entrepreneur or young leader, let’s focus on these seven must-haves to surpass even your own expectations and learn to be the leader your company wants and deserves! Reach out to us at braininspa today and let’s jointly work on your skills – because we care for you!
This article was originally published on Forbes.com in October 2019.