Building the new leader - Leadership challenges of the future revealed - The Hay Group

Excerpts:

According to Hay Group’s Leadership 2030 research the leaders of the future will need a host of new skills and competencies if they are to succeed
 
Leaders of the future will need to be adept conceptual and strategic thinkers, have deep integrity and intellectual openness, find new ways to create loyalty, lead increasingly diverse and independent teams over which they may not always have direct authority, and relinquish their own power in favor of collaborative approaches inside and outside the organization.

The six megatrends Hay Group singled out are:

• 1 Accelerating globalization (‘globalization 2.0’)
• 2 Climate change, its environmental impact and scarcity of resources  
• 3 Demographic change
• 4 Individualization and values pluralism
• 5 Increasingly digital lifestyles 6 Technology convergence.

 The war for talent rages on

 

New leadership competencies

 The new business world order will challenge leaders on three levels: cognitive, emotional and behavioral.

 Cognitive 

- Leaders need new forms of contextual awareness, based on strong conceptual and strategic thinking capabilities.

 

- They need to be able to conceptualize change in an unprecedented way, again based on conceptual and strategic thinking.

 

- Leaders need to exhibit new forms of intellectual openness and curiosity. 

Emotional 

- Overall, leaders will need to be much more sensitive to different cultures, generations and genders.

 

- They will need to demonstrate higher levels of integrity and sincerity and adopt a more ethical approach to doing business.

 

- They must also tolerate far higher levels of ambiguity.

Behavioral

- Leaders must create a culture of trust and openness.

 

- As post-heroic leaders they must rethink old concepts such as loyalty and retention and personally create loyalty.

 

- Collaboration – cross-generational, cross-functional and cross-company – will be their watchword.

 

- They must lead increasingly diverse teams.

Conclusion

 

Organizations and their leaders face a tough, but not insurmountable, challenge, as those companies already adapting or preparing to adapt to the new world order demonstrate. And, as ever, the ‘Best Companies for Leadership’ are in the vanguard of post-heroic leadership approaches.

 

 

 

Access Report: http://www.haygroup.com/Leadership2030/downloads/Hay_Group_Leadership_2030_whitepaper.pdf