By Chris Mandzufas
Recharging your path to success
Business leaders in 2021 faced unrelenting challenges. These included team attraction and retention issues, supply chain disruptions, increases in input costs, managing customer expectations and dealing with COVID. Yet despite these challenges, many businesses had a financially strong 2021 and are optimistic about 2022.
Mindshop has once again completed a survey of global business leaders – the 2022 Mindshop Business Leader Insights Report. The Report reveals how and where business leaders can reset their strategies and achieve profitable growth in 2022.
All leaders will need to RESET in 2022. For some this will mean upskilling and reskilling leadership capabilities put on the back burner for the past 2 years on topics such as resilience, strategy implementation, profit improvement and coaching teams. For others it will be more about how to address attraction and retention challenges and the need to manage a hybrid workforce. Regardless, leaders will have to stay agile to navigate an environment of evolving customer demand and potential market instability.
Overall, six key insights for business leaders in 2022 were identified in the survey results:
1. LACK OF TIME AND FOCUS CONTINUES TO NEGATIVELY IMPACT LEADERSHIP EFFECTIVENESS.
Now is the time to stop putting more business through incapable systems, address time and focus issue with appropriate technology and capability creation.
2. EMBRACING A FLEXIBLE WORKFORCE IS CRITICAL TO ATTRACTION AND RETENTION STRATEGIES
Develop new habits and communication styles to stay agile, productive and connected to your team in a hybrid workforce. What in your culture will attract and retain the right people?
3. BOOST RESILIENCE BY LOCKING IN NEW WORK/LIFE BALANCE HABITS
Maintain energy levels by embracing new habits and learning strategies to efficiently balance client, team and family needs.
4. INVEST IN LEADERSHIP AND COACHING CAPABILITIES TO MAKE YOU A LEADER WORTH FOLLOWING.
Learn new capabilities in leadership and coaching to effectively manage the team and guide successful implementation of change.
5. YOU’LL NEED A ‘THRIVING’ STRATEGY AND VISION FOR 2022
Test your strategic SWOT, sustainable competitive advantage, change readiness and strategic priorities against your vision. What needs to change to ensure you thrive in 2022.
6. DON’T LOSE SIGHT OF WHAT MAKES YOUR PROFICTABLE.
Undertake a waste audit to start the ongoing process of waste and inefficiency identification and removal across the business.