Gone are the days of top-down, strictly command and control – or transactional – leadership styles. Modern leadership styles must consider employees’ unique personal backgrounds, interests, and experiences. It’s not a hollow pursuit, either. Executive leadership teams that can understand and effectively integrate nuances within their workforces and customer bases are better equipped to successfully manage change, develop creative thinking, and improve collective decision-making.
People want to work with and for employers who they feel actively listen to and involve them. Customers want to support organisations who do same. Naturally, then, markets respond positively to both internal and external cultures of DEI.
Global issues such as sustainability and human rights abuses are also challenging boards and C-suites to modify not only their business processes and operations but also their leadership styles.
ESG is one example, the complex management of which will define executive careers and dominate boardroom thinking in the next decade. Likewise, the EU Taxonomy, which aims to provide clarity on environmentally sustainable activities, will continue to be expanded, with legislation to protect against human rights abuses in supply chains also being phased in.
Andrea underscores the significance of being able to either assimilate into or at least have an understanding of international working environments. “Over 80% of Singapore's CEOs have international work experience in their leadership career, reflecting the fact that many companies that do business in the region operate across international boundaries.”
What is the most effective modern leadership style?
The most effective modern leadership style is situational leadership, which adapts to the needs of the team and the situation at hand. There's no one-size-fits-all approach to leadership; the best leaders are flexible and can adjust their style to get the most out of their team and achieve their goals.
What are the 5 types of leadership styles?
The Authoritarian leader may be effective during a crisis or period of disruption but ultimately puts teams at risk of burnout.
Democratic leadership is more collaborative and fosters a culture of working together towards a common goal.
An Empathic leadership style takes collaborative team building a step further by focusing on harmony and a sense of belonging and ‘team spirit’ which can be hugely beneficial during periods of high stress.
Motivational leaders can be similarly effective in motivating staff.
Visionary leaders harness self-confidence and inspiration to help communicate their vision and inspire teams.
What are the characteristics of a modern leader?
Modern leaders are adaptable, empathetic, and empowering. They prioritise collaboration and communication, fostering a culture of trust and transparency. They embrace diversity and inclusion, recognising the value of different perspectives. They're also tech-savvy and data-driven, leveraging technology to make informed decisions. Above all, they inspire and motivate their teams, cultivating a shared sense of purpose and vision.
How can I develop my modern leadership skills?
Developing modern leadership skills is an ongoing journey of self-awareness, learning, and application. Start by identifying your strengths and weaknesses, and cultivating emotional intelligence. Then apply your knowledge in real-world situations, seeking feedback and experimenting with different approaches. During this process, prioritise adaptability, communication, collaboration, critical thinking, innovation, and tech savviness.
