Strategic leaders with strong operational skills capable of guiding organizations on the path to success in times of fundamental change are in short supply in the business world. Many Enterprises lack such knowledgeable, experienced and confident leaders in positions of power to handle the technicalities of business management even amidst adverse situations. A 2015 survey of 6000 senior executives revealed that only 6% of the respondents were strategic leaders. The shortage of strategic leaders within their fold has even made certain organizations look elsewhere for them
Below are five sure principles that will unlock the potential strategic leaders in your organization.
As a business owner, you need to delegate responsibility to these potential leaders. Let them take decisions and handle risky situations.
Instead of always depending on your traditional decision-making circle, you need to delegate authority to others.
For example, an oil refinery on the US West Coast suffered a machine malfunction and was to be shut down for three weeks. Top leaders in the company agreed that shutting it didn’t was the only option they had. The idea that saved the refinery from being shut down came from a plant operator.
When individuals are given responsibilities, they gain confidence, skill and most of all a sense of ownership in your enterprise.
Encourage creativity by creating multiple paths for raising and testing ideas
The ability to collate and connect these ideas to the values of the organization is very important. To help them learn to make the best of their creative abilities, you will need to set up platforms and opportunities for your employees to bring their innovative thinking to the fore.
Create an atmosphere for the ideas to be collected, presented and pitched with other ideas by a group of like-minded people.
Also, you could have mentoring programs for young strategic thinkers.
Failure is not too bad
Strategic leaders know how to manage tensions related to uncertainties. They can recover from failed Ventures and try again.
To get the best of your employees, you must make it safe for them to fail. New entrants into the strategic decision-making circle may feel scared to take audacious steps because of the fear of failure and its results. Those who fail could be denied promotions and rewards or even be relieved of their duties. This is the norm that must change.
Give potential strategic leaders an opportunity to meet and also work with others in your enterprise. It is good for them to know that they are not in a world of their own. Meeting their colleagues will make them more open to improving their value offering.
Some employees have unknown strategic leadership traits. When they network with other leaders, their traits will be discovered and nurtured to blossom.
Leadership Development is an ongoing practice
Strategic leaders are humble and intelligent and are fully aware that irrespective of their experience, learning and development is a continuous process. Thus, they are vulnerable and do not possess all the answers. As a result, they give other people within the organization room to excel in their fields by making it easy for others to share ideas.
They are more concerned with creating opportunities for others than being concerned only about their role.
Strategic Leadership revolves around the capability to pre-empt change and produce results in precarious situations. It is not a style, neither is it reserved for only people at the helms of affairs in your organization, but rather, a way of thinking and working by leaders in the organization.