Admittedly, last year has been perhaps the most challenging time we have ever seen for businesses. For some businesses, success means survival, but for others, it is growth.
Do you have strong and decisive leadership at the helm to lead in times of uncertainty?
Do your leaders have complete clarity and confidence in what they should be doing next?
So here are some potential areas where the leadership team of your business could be struggling and not growing
Prisoners of the past
Many leaders are still following the old hierarchical mindset and are not able to shift from their old way of working. This limits their creative thinking ability for fresh concepts with individual perspectives. This becomes the bigger hindrance for your team and business growth.
Behind this resistance to change is fear – fear of failure, fear of commitment and fear of the unknown. This resistance to change is and will continue to impact the growth of teams and their businesses in the future.
Lack of future thinking
Many leaders are great in excel in the execution of their plans. They mostly focus on outcomes. Leaders think and plan their goal what they want to achieve in the next 6-12 months. Keeping a busy face does not lead to productivity and desired outcomes.
One needs to break functional silos and collaborate cross-functionally. The lack of cross-functional collaboration impacts teamwork and business growth
Some leaders are not able to perceive the future on the basis of current scenarios. Lesser focus on strategy and future planning impacts your growth prospects for your organization.
Lack of trust and empathy
Many leaders find it challenging to connect with their employees. It is about having real, authentic, and genuine conversations.
In the virtual world, some leaders are not able to build trust and empower their teams and hence, end up micromanaging people which leads to finding it difficult to keep employees engaged and motivated. This will eventually cause potential attrition and lower employee productivity
Inability to manage self
Finally, leaders have been stretched in all directions in the last several months. Despite being at home, many may find it difficult to effectively manage time and work-life balance. Managing expectations from multiple stakeholders is not easy and not being able to slow down causes constant pressure.
This will eventually lead to a potential burnout, which affect their productivity, personal wellbeing and business decision making
Need help in developing your leadership skills for the next level? Let’s connect!