In the 2020 business climate, organizations are facing a more complex and competitive environment than ever before. As a result, the competencies of the leader who thrives in the modern-day business world is changing.
Here are the new trends in leadership and management that learning initiatives will need to employ in 2020 and the following years to come to better prepare current and future leaders for success.
The modern-day leader: 6 new trends in leadership and management
1. Flattening organization structures
The days of the “hero” leader, or “the smartest person in the room” who must know everything and micromanage his or her direct reports will be a thing of the past. Organizations are moving towards flatter structures and they will need leaders who can thrive in a collaborative and cross-functional environment.
2. Increasing need to develop self & others
To keep on top of the rapidly changing technological environment, leaders can no longer sit back and say “I know everything I need to know” as what they do know today will be outdated tomorrow. There is now a greater need to develop their self and their teams.
3. Approaching the “Talent Cliff”
Firms must prepare as the largest workforce in history moves into retirement. Mentoring, coaching, and job shadowing are examples of how organizations can manage the transition of the millennial leader.
4. Striving for gender balance
Strong women’s representation in leadership teams has been proven to bring organizations better results. A successful leadership development program thus needs to tap into an often woefully underutilized resource - its female managers.
5. Shifting focus to development on soft skills
As the role of a leader migrates towards managing teams of diverse members who have different technical skills and areas of expertise, there will be greater emphasis on the need for leaders to develop their “soft skills.”
6. Adopting a blended approach to leadership and management development
Leadership and management learning journeys will also need to evolve and use a wide variety of modalities to prepare the modern leader with the skills they need to thrive.
Equip your leaders with the key competencies required for success
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