“Innovation distinguishes between a leader and a follower” – Steve Jobs
The scope of leadership is not confined within management and administration. It involves the ability to motivate others and to inspire collective effectiveness. Today’s business market is evolving at a brisk pace and nothing is constant. Majority of these changes has been spurred by the advent of technology, and business leadership hasn’t been spared either. From entrepreneurs to big business conglomerates and massive corporations, technology is driving business leaders to a new paradigm.
Thanks to the evolving technology, leadership is not about power anymore. It’s about influence – leadership talks about the purpose of a job and how it impacts the business. To be so effective, leaders need to secure the trust and respect within the organization. A collaborative leader focuses on creativity, team bonding and participation across all levels. Technology-based leadership allows freedom of work and encourages employees to perform remotely. It allows more fluidity at the micro-level. The best leaders in today’s business environment have a vibrant vision which allows them to communicate with the stakeholders in the best possible manner.
Leadership is not only about embracing technology and its potential; rather it’s about embracing the change itself. In this era of globalization and technological innovations, business leaders must possess the skill of taking quick decisions, especially in demanding situations. Leaders have to act fast or they tend to miss out an important window of opportunity. Every leader has a unique approach while dealing with competition. An insightful leader finds competition as an untapped opportunity for collaboration and innovation. Majority of successful business leaders transform their organizations by collaborating with third parties. Independent researchers suggest that about forty-nine percent organization form alliances and partnership which impacts the industry at a large scale.
The way success is perceived has changed over the years – effectively sharing and highlighting results has become a key attribute of top leaders. Emotional intelligence also plays a pivotal role in creating a good leader. In this digital, collaborative business landscape, being agile and flexible helps a leader to manage things swiftly. Today’s business leaders perform multi-faceted tasks – managing projects, acquiring new business, motivating employees, being the face of the organization and many more. It’s quite clear that leadership is an invaluable resource and every organization should nurture their employees to transform them into an influential leader for the future.
Impact of Technology on Business Leaders
