Furthermore, adaptable leaders do not focus only on what their company needs today, but also what it will need in the future.
Successful examples exist
By preparing in advance for a major change, you will have the necessary measures in place when the huge shift actually occurs. Although Microsoft failed miserably to exploit the market of mobile devices, it became a major entity in the market of cloud services. Another example is IBM, which underwent a radical transformation some 25 years ago. It repositioned itself and focused on artificial intelligence, which is a trend that is still rising today.
To stay relevant, you need constantly to rethink your strategies and leadership behaviours; otherwise, you could be punished by changes in technology and customer preferences. Do everything you can to anticipate trends and respond to them in time. This advice comes from the business2community.com website.
Make learning and development a priority
Effective strategic leadership is neither random nor automatic. It needs to be cultivated and developed. In your company, begin by identifying high-potential leadership candidates. Empower them to take a more proactive role in shaping strategy.
You should not look at tenure or task performance in general. Observe the leadership and interpersonal skills which your employees possess. If tired and overly cautious thinking prevails, your high-potential employees will quickly become disengaged and seek more exciting opportunities.
-jk-