Business leaders need to be good at a number of different skills, leadership skills being one of them. In fact leadership skills may be the most important. “Leadership skills are essential because they enable individuals to motivate, inspire, and guide others toward achieving a common goal,” says the European Business Review.
The success of an organization depends on its leader. There are many examples of great leaders who took their organizations to success. Poor leadership skills, on the other hand, can result in organizational inefficiencies, low employee morale, high employee turnover, and even business failure. “Leadership skills are an essential component in positioning executives to make thoughtful decisions about their organization’s mission and goals, and properly allocate resources to achieve those directives,” (TechTarget).
Since the success of an organization depends on the abilities of its leadership, it’s important for business leaders to have the right leadership skills. Luckily, leadership skills can be learned and improved. Important leadership skills include: Decision-Making, Strategic Thinking, Problem Solving, Innovation, Creativity, Communication Skills, Emotional intelligence, Empathy, Delegation, Recognizing Potential, Empowering Others, and Honesty and Integrity.
3 vital leadership skills that can make a difference in your work are:
- Emotional intelligence
- Empathy
- Decision-Making
These skills are highly vital for personal and professional success and are the cornerstone of other leadership skills. The success of other skills greatly depend on these three leadership skills.
Emotional intelligence is defined as the ability to understand and manage your own emotions, as well as recognize and influence the emotions of those around you (HBS).
Empathy is the ability to be able to put yourself in someone else’s shoes. That is, the ability to understand another person’s thoughts and feelings in a situation from their point of view, rather than your own.
Wikipedia defines decision-making as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options. Decision-making skills are all of the skills you need to make an informed, rational decision. Being able to make good decisions in a timely manner is crucial to an organization’s success. Studies show that executives spend a significant portion of their time making decisions.
Business leaders face a number of challenges daily. Having these leadership skills will enable business leaders to handle those challenges more efficiently and ensure the correct actions are taken that benefit all stakeholders.
Written by Kokab Rahman.
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