The definition of a successful leader is being redefined, and the search is on for those with the potential to lead their companies down new paths in a constantly changing world. The ability to thrive in the face of unrelenting change, complexity, and uncertainty is crucial for today’s high-potential leaders.
What “High Potential” Means Now
- They imagine on a large scale.
- They seek what they need to make it happen.
- They possess a keen understanding of the ecosystem. They can visualize the intricate web of interrelationships and creatively devise ways to enhance it.
- They have the unique ability to see the bigger picture.
Successful CEOs must be able to identify untapped opportunities and lead their organizations to mobilize on them. Business transformation may be necessary more than once during a CEO’s tenure, so they must exhibit key characteristics that previous generations of leaders did not require.
As a CEO, you may often feel overwhelmed and struggle with finding enough time to tackle all the challenges that come your way. However, just like smart investing can increase your financial returns, there are techniques you can learn to increase the return on your time. By leveraging your strengths and abilities, you can achieve more and free up mental space to focus on important tasks such as personal growth and development, while still delivering excellent results.
Be a Master of Big Ideas and Execution
Don’t hesitate to share your ideas, but it’s important to refine them before doing so. To increase your chances of gaining support, it’s important to hone your skills in shaping and modifying your ideas. Talking with others is an effective way to clarify your thoughts, whether you are proposing a new product, a novel means of competition, a fresh approach to working with ecosystem partners, or a cutting-edge technology platform.
To turn your ideas into reality and ensure they’re grounded, it’s important to understand how execution works. Don’t hesitate to discard bad ideas because better ones will come. The key to executing things well lies in managing people, strategy, and operations, which are core processes in every company. You need to be involved in all three areas, communicate with others, and recognize how they connect. Great leaders seek input from those working on the ground and adjust accordingly when defining specific actions and timing. They then assign clear goals, follow up on progress, and ensure results materialize. Leaders who excel at execution use three particular actions: setting clear goals and priorities, staying informed on progress, and following through and following up.
Get Comfortable with People Better Than You
While CEOs take more control of their own growth, companies must change their approaches to finding and developing talent. The most significant leverage for success is people, and CEOs must devote personal commitment to ensuring they have the best person for each job.
The quality of the people you hire, their compatibility with their roles, and their ability to collaborate effectively greatly affect your organization’s success. To build high-performing teams, focus on People Quality, Job Fit, and Collaboration. This requires investing time in getting to know and developing your team members, as well as integrating their work. It may also involve making tough decisions about team members who have a negative impact on the team’s morale.
To enhance your organization and leadership, it’s crucial to improve your ability to assess and cultivate the talents of others. You should strive to perceive people holistically and evaluate their exceptional qualities, sometimes referred to as their “god’s gift,” to place them in positions where they can excel. To accurately identify a person’s strengths, you should carefully observe their actions and decisions and verify your observations with others.
Consider yourself an integrator, a leader with the ability to bring together diverse groups. Integrators help people see beyond their individual silos or areas of expertise and focus on what is best for the entire unit or company. Mastering this role can bring about a surge of positive energy that spreads throughout the organization. When effectively applied to key areas skillful integration can boost the entire company. Encouraging and leveraging the strengths of others is also crucial.
Business Achievement
Your business achievement has to do with the external gains you seek. You wouldn’t be a CEO if you didn’t
care about these things because they form part of your motivation to excel and achieve. But take time to identify the specific goals that you want, and ask yourself why you want them. Knowing the outcome and knowing where you want your increasing power to take you will help you plan a runway that will get you there more directly.
CEOs often have a strong desire to achieve something great. Successful business owners who become game-changers do not need to question their focus because they already have a clear vision or a big idea. They look beyond their immediate goals and remain focused even when faced with obstacles that might discourage others. Many successful startups are founded on the passion of their creators, which gives the entire organization a clear sense of direction. Your passion is more important than you may realize because it helps you develop perseverance, which is why it’s crucial to find your underlying passion as you plan for the future. Remember to keep your focus on your personal and professional values, and continually seek out ideas and opportunities that support them.