Leadership Traits of a successful ENTREPRENEUR

#Renegades, #rebels, #worldchangers, #innovators, #passionate dreamers, black sheep, #risk takers, #workaholics are some of the names people designate #successful #entrepreneurs with. They are different set of breeds who have high emotional intelligence to balance relationships, emotions, happiness and success.

In the current dynamic and volatile complex world, its crucial to stay productive and stay ahead of time continuously. According to Harvard Business Publishing’s recent report by Ray Carvey, “Leading Now: Critical Capabilities for a Complex World,” there are eight critical capabilities leaders must possess to be effective today.

1.    Effective leaders act strategically

While older practices focused on long-term strategy development, today’s world requires a more continuous process: Leaders must always be prepared to adjust their strategies to capture emerging opportunities or tackle unexpected challenges.

2.    Effective leaders foster innovation

With the ever-increasing levels of competition, no strategy can sustain a company’s competitive edge indefinitely. Regardless of how successful something may be, there can always be an emphasis on innovation

3.    Effective leaders inspire engagement

People can occupy jobs for years, but they won’t create value for their organizations if they’re not invested in their work. It’s up to the leader to ensure employees actually feel that they’re making a difference.

4.    Effective leaders cultivate learning agility

As business strategies and models evolve, the leader must, as well. Effective leaders take the initiative in finding opportunities to learn.

5.    Effective leaders develop personal adaptability

Adaptable leaders steer clear of a ‘that’s how we’ve always done it’ mentality. Instead, they look at new realities through fresh eyes so they can spot and seize valuable opportunities.

6.    Effective leaders manage global businesses

Leaders must maintain a global focus on a day-to-day basis. “This includes assessing what’s happening with consumers, competitors, the economy, and the politics of the markets in which their businesses operate

7.    Effective leaders manage complexity

Leaders who know how to manage complexity are skilled at solving problems and making decisions under fast-changing systems. Even before any definitive information is available, effective leaders must assess a situation’s complexity and choose appropriate courses of action.

8.    Effective leaders leverage networks

Successful leaders take networking to benefit the organization and create relationships with customers, suppliers, strategic partners, and even competitors to collaborate and succeed.

Keep in mind, however, that as the business world continues to change, the key traits necessary for leaders to be successful may also change. In a volatile environment, the ability to react to new scenarios is imperative to build sustainable businesses of tomorrow.

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Leadership Traits of a successful ENTREPRENEUR was last modified: March 6th, 2017 by admin