Michael Ede, entrepreneur, football agent, MD/CEO of Uplift11 Sportone of the fastest growing sports management agencies in the UK.
Two decades into the twenty-first century, the talents needed to run an organization have evolved. Over the past half century, we have moved away from all-powerful top-down leaders who can say and do whatever they want. Workers under these former leaders tended to have limited work options and were tied to jobs that could be moved from home.
The current workforce: diverse, diffuse and mission-driven
Today’s professionals can pursue options from the comfort of their own home around the world. For example, an entrepreneur might own a global marketing company and move from LA to Geneva with nothing more than jet lag. The Covid pandemic accelerated this trend, and companies look for talent where they can find it. In addition, fewer employees need to be present at the company’s physical location. Therefore, any professional with an internet connection can work full-time for employers around the world.
In addition, there are ethical and moral concerns about dealing with individuals from other cultures, groups and generations. Today’s leaders must have cultural and intellectual curiosity, empathy and listening skills. While it’s easy to bring in an employee from another continent and access their talent and perspective, it’s equally easy to lose them to any number of other companies that better represent their values. Business is no longer just about money; for many, mission is everything.
The skills that will master entrepreneurial ideology in 2022
Gone are the days when the CEO or manager had one talent: math skills, sales skills, etc. Instead, the modern business leader must build a set of outward-looking skills. In essence, they must become the driving force behind progress, not only for themselves, but also for their employees and the global community. In this vein, here are the ten talents and competencies that will define successful entrepreneurial ideology in 2022 – in other words, the ten essential qualities of a 21st century business leader.
1. Intellectual Curiosity
Business is evolving quickly. Therefore, the leader must be intellectually curious and willing to support and encourage innovation in goods and services for customers. In addition, they need to focus on the business to improve efficiency and work culture.
Research has shown that hiring people of different cultural, economic and geographic origins increases income and attracts other smart, hard-working employees. In addition, the modern talent pool is looking for new perspectives and points of view. Successful business leaders will make it easy for employees to satisfy their own needs to broaden their worldview.
3. Communication Skills
Communication skills include expressing ideas and explaining plans clearly and concisely so that employees, customers and prospects of all levels can understand. When communication is inadequate, errors arise, morale suffers and the ship feels adrift. Leaders must ensure that everyone in the organization, from the leadership team to the end consumer, understands their vision.
4. Listening Skills
Employees and consumers must believe that the leader genuinely listens to and absorbs their ideas. This is known as effective listening. In addition, they want to know if they are included in the company’s master plan and have input into the development of products or services. So whether it’s an employee with an out-of-the-box idea or basic customer feedback, leaders need to listen.
5. Collaborative ability
The leader must be able to collaborate not only with the management team, but also with strategic partners and the community. In these cynical times, a little credibility goes a long way. If leaders don’t collaborate authentically, they may miss out on vital relationships with people who can help the business. Some strategies to ensure you are a collaborative leader include: model collaborative behavior and ensure connections inside and outside your company.
6. Employee Focused Thinking
With so many job options, leaders should be interested in essentials aspects of their employees’ livessuch as childcare, social development, team building and care for the elderly. Employees demand more than a commercial transaction from the organizations they spend their time and energy on. Great leaders empower their teams to fully fulfill their family, social and work responsibilities.
7. Talent Growth Mindset
Employees want to challenge and improve themselves. Therefore, leaders should focus on developing their talent pool. Plus, employees don’t just want to develop skills to help the company. Instead, they want to enrich new skills that make them more marketable in a broader sense.
8. Available and present
Employees want to know that they can talk to the leader. The best leaders are good listeners who actively soliciting opinions of everyone in the organization. Tucked away in an office on the top floor, guarded by a secretary, is a relic of days gone by. The modern entrepreneur must be visible and approachable.
9. Technology Skills
Understanding and using technology is essential. Business leaders don’t have to be IT specialists, but you should be a digital mindset. Your role is to make it easier for employees to do their job. Investing in technologies that employees value is vital to productivity. Even if the leader lacks expert-level technical skills, they must have enough expertise to understand the needs of their employees and make relevant decisions to ensure a robust and effective technical infrastructure.
10. Strong moral and ethical vision
Stories of big companies from the last century, such as falsifying quarterly data for a higher bonus or harming the environment, are not things the current workforce will tolerate. Modern business leaders need a solid moral and ethical vision communicate to the organization and beyond. Likewise, talented employees want to know that their company is doing well in the community and promoting equality throughout the development chain.
Leadership in the 21st Century: Leading through Growth and Development
While for leaders, going to an excellent school and being a top creator, math wizard and salesman are all desirable things and may have been sufficient on their own in the past, the entrepreneurial ideology of the 21st century is ultimately outward-looking. Talent now flows to where employees can believe in the leader’s vision. That’s why a great business leader is now more of a resource to their team and the community, working for them to facilitate growth and development.