In a hyper competitive business environment, leadership is a must. It provides direction, motivates workers, and aims to maximize the efforts of all. The right style of leadership is the key to success.

Leaders who are effective will be willing to take risks, and make the occasional mistake. A leader must be empathetic to ensure the well-being of the people who rely on his or her actions. Good leaders will also be open to feedback from subordinates. They will be prepared to learn from the mistakes of others, and will be more than willing to make adjustments when necessary.

Besides having a vision of what the future holds, good leaders will also be able to make the most of the present, both proactively and reactively. They will understand that continuous changes are the rule rather than the exception. This will allow them to find a way to channel existing wants into effective cooperation.

A leader’s ability to improvise is one of the most important skills a leader can possess. He or she must be able to make unpopular but necessary decisions. Keeping in mind that humans can be fickle, leaders must know how to navigate through the minefield of conflict. There are a number of strategies to achieve this.

In addition to a solid grasp of what leadership entails, leaders must be able to recognize the best way to get their message across. One method of doing this is to establish an organizational structure based on a DAC (designated authority center). Creating a DAC in a group is a great way to increase the collective intelligence of the entire group.

Another leadership strategy involves using the right technology. Today, many organizations are digitally enabled, and therefore need to adopt newer methods of leadership. For example, IBM has introduced a leadership program to help companies identify potential leaders early on. Through this program, the company can filter candidates for the mindsets and capabilities that make for successful leaders.

In addition to the obvious, a good leader will also know how to inspire confidence in his or her employees. This can be accomplished through various forms of communication. If a worker knows that his boss likes plan A, for instance, he or she won’t risk losing his or her job if plan B fails. Similarly, good leaders will be able to identify the appropriate level of praise and criticism for each individual, and be willing to give more than just lip service.

Using the appropriate tone of voice is also critical to a good leader. If a worker has trouble expressing an idea, the leader should be able to provide a constructive suggestion. Not only will this improve the quality of the communication, it will show that the leader is committed to the organization’s success.

Finally, a good leader will be willing to make the first move. While this may seem obvious, many leaders have failed to do so. Having an open door policy helps workers get to know their boss better, and can go a long way towards building trust and respect.

By Ariana