Uncertainty is the name of the game in 2023. From rampant supply-chain disruptions to geopolitical tensions in varying regions of the world and steadily rising inflation, things are all but smooth sailing, and they are not expected to get any better soon given the impending recession on the horizon, among other complications.
Why it matters: Leaders must be ready to weather whatever storm may lie ahead amidst uncertainty in order to bring their organizations to safety – and prosperity. It all starts with a few key factors that set successful leaders and their teams apart. These strategies will help leaders not only make it to the other side but will allow them to drive growth, increase their company’s worth, and ultimately create more value for employees and customers alike.
- Leaders that maintain a relentless focus on reinventing the business rather than simply running it will have a much greater probability of success than those who don’t.
- In the spirit of reinventing businesses, leaders should also free up the right people for the hard stuff. This entails liberating them from day-to-day operations and delegating those tasks to others so that they can go all in on transformation efforts to propel the company to new heights.
- Healthy debates should be encouraged between leaders before transformation efforts begin to discuss the pros and cons of such efforts and explore alternatives as a team. Then, they will be aligned on the next steps and be more cohesive in thought and intent.
