06th Dec , 2022
Leadership capability is a critical issue for all businesses and organisations, and it underpins the success of organisations globally. At International Business Mentors, our business mentors and business coaches assist business leaders to enhance their leadership capability.
Good leaders should inspire and develop themselves and their people to engender greater meaning and a gripping purpose. To facilitate such a change, the leaders should foster and embrace EQ and encourage this throughout the organisation. EQ is the ability to manage ourselves and our relationships effectively with self-awareness, self-management, social awareness and relationship management.
Great leadership should aspire to a well-performing, empathetic, harmonious and appreciative leadership and workforce team operating together towards clear common objectives. This should be fostered within a strong culture that facilitates stronger customer loyalty, staff retention, deep satisfaction and better commercial outcomes.
Each business is unique, and leadership facing their own individual challenges and business opportunities. However, there are many principles and practical lessons in leadership that can be applied to many businesses. A well-experienced business mentor can support you and help you develop what is needed to improve your organisation based on your specific circumstances.
As a start point to building leadership capability, the following key areas should be questioned:
See below for details of these key leadership capabilities areas for questioning:
Competency models emerged in the 1970s to codify the required behaviour for specific managerial positions. Competency models were originally established by identifying the behaviours that led to past successes. However, today we would examine the mindsets needed for the future of the organisation, as things will have changed and evolved. Using only competencies for establishing leadership development, which is a good start, may fall short. This is because leadership is also fundamentally about relationships, as well as the individual leader’s competencies. The modern solution is moving towards using ‘adaptive’ or ‘meta-competencies. These are the sets of knowledge, skills and aptitudes that underpin or allow for the development of other competencies, especially those that people will need in the future, such as enabling learning, adapting, anticipating and creating change.
Developing character is also key to effective leadership development.
Any good business mentor will tell you that great leadership is needed for innovation, as modern businesses must create and adapt continuously to survive and succeed. This is driven by highly competitive and changing markets, and significant evolution in the ways of doing business such as online, artificial intelligence, and shifting business environments with cultural and political changes and economic shocks. Leaders must establish work cultures conducive to creative thinking, adaptation and innovation to develop a greater competitive advantage. This continual renewal process will also motivate the leaders and the staff to greater efforts and increase job satisfaction and productivity for increased energy and results.
Conducting evaluations is a vital component of the leadership development process itself, with three main benefits: extending the reflective dimension of the process by inviting participants to consider the value of their experience and how they apply it; gathering valuable suggestions for improvements to the process; and fostering employee engagement and loyalty.
Consider the following 14 best-practice principles of leadership development:
By implementing the above, organisations can empower their leadership and workforce to promote distributed leadership and a better performing organisation.
Call International Business Mentors today to discuss how a business mentor or coach can assist with your organisational leadership challenges.
By David Cartney, August 2022