The 21st century is categorized as a century of constant change and disruption as it revolutionized several industries. To cope with this change, businesses must implement new leadership roles that would help them stay relevant in the industry.
This article will discuss some of the primary roles of a leader and some common traits they must possess to stay relevant in the 21st century.
The roles of leaders in traditional business
The main role of leaders in traditional organizations is to ensure maximum profitability for the investors. This is done through proper implementation of plans that are focused on increasing the price of the stocks. There are 3 things that leaders have to take into account:
- Developing a strategy
- Direct team to execute the strategies
- Control members of the team to minimize variance against the plan
The new roles of leaders in 21st-century organizations
Modern corporate environments have evolved significantly, and new methods of leadership roles are being implemented. The strategy is to emphasize co-creating value within the company and create a culture that values everyone. All stakeholders, investors, employees, customers, and even support staff are part of this value and are treated equally. It is crucial to embarrass the open market and how focusing on one single entity may dissatisfy others, eventually making them leave.
To implement the culture discussed above, certain traits are required for the leadership role, which are discussed below:
Growth mindset: We live in a constantly changing world; therefore, it is crucial to have a growth mindset and always keep yourself updated to strive for greatness. A leader with a growth mindset thrives on challenges and constantly develops new skills to help the business grow. No matter how much you know about a certain topic, someone with a growth mindset who is continuously learning new skills will eventually outpace you, which is why a growth mindset is so important. There are many courses offered in universities such as Arizona State University which can improve your leadership skills. However, to get certified, you need to sit for tests. But do not stress out, you can learn more about Leadership and change course lecture notes here, using which you can improve your understanding and ace your tests.
A Visionary: Leaders in the 21st century need to be visionary. They have to see through the dusk and emerge with a clear understanding of what possibilities and challenges the organization might face. Companies like Apple and Google would never have been born without a visionary leader, so it is an essential trait that all successful leaders must possess.
Catalyst: Gone are the days of working on a fixed template, as most teams incorporate people from all over the world. Therefore, a true leader must adapt and be a catalyst that pushes the whole team. A leader’s strong work ethics and availability resonate within the organization and encourage others to work towards the shared goal.
Final words
The 21st century has seen disruption that is unlike anything the world has witnessed before. From the dot-com boom to the latest digital assets like NFTs, it is hard to predict what will happen next. So as a leader, it is important to keep up to date with the latest trends and keep improving the skill sets to stay relevant in the industry.
