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Essential leadership skills in 2020´s



Kirjoittanut: Emil Makkula - tiimistä SYNTRE.

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Essential leadership skills in the 2020´s

 

 

It’s the 2022. Market is changing faster than ever and to become a successful entrepreneurship will require strong leadership skills to navigate trough the constantly changing business landscape and capitalize on opportunities. Some essential leadership practices for successful entrepreneurship in the 2020´s include strategic thinking and decision making, adaptability, effective communication, collaboration, innovation, resilience, and emotional intelligence.

 

Strategic thinking and decision making are crucial for successful entrepreneurship. Entrepreneurs need to be able to identify opportunities and make informed decisions that align with their business goals. This means analyzing market trends, assessing the competition, and considering the potential risks and rewards of different courses of action. Strong strategic thinking skills can help entrepreneurs make smart decisions that maximize their chances of success.

 

Adaptability is also essential for successful entrepreneurship in the 2020´s. The business world is constantly changing, and entrepreneurs need to be able to adapt to new challenges and opportunities. This may mean pivoting the business model, adopting new technologies, or entering new markets. Successful entrepreneurs are able to anticipate and respond to change, rather than being caught off guard by it.

 

Effective communication is another key skill. Entrepreneurs need to be able to communicate clearly and effectively with employees, customers, investors, and other stakeholders. This includes being able to articulate the vision and goals of the business, as well as being able to listen to and understand the needs and concerns of others. Strong communication skills can help entrepreneurs build and maintain relationships that are critical to the success of their business.

 

Collaboration is also important for successful entrepreneurship in the 2020´s. Entrepreneurs often need to work with others, whether it’s partnering with other businesses or building a strong team within their own organization. Collaboration can help entrepreneurs share knowledge, expertise, and resources, as well as combine their efforts to achieve common goals. Successful entrepreneurs are able to build and maintain strong working relationships with others, which can be a key competitive advantage. Social media has truly showed the potential of collaborations. According to Influencer Marketing Hub article written by Jacinda Santora (2022), 93% of marketers have used influencer marketing in some of their campaigns and is now considered as a key advertising strategy.

 

Innovation is another essential skill. Successful entrepreneurs are always looking for new and better ways to do things, whether it’s developing a new product or improving an existing process. This requires a willingness to take risks and try new things, as well as a passion for learning and experimentation. Entrepreneurs who are able to innovate can gain a competitive edge and stay ahead of the curve in a rapidly changing business environment.

 

Resilience is also crucial. Entrepreneurship can be challenging, and entrepreneurs need to be able to bounce back from setbacks and continue moving forward. This means having the mental toughness to persevere in the face of adversity, as well as the ability to learn from mistakes and continue making progress. Successful entrepreneurs are able to stay focused and motivated, even when faced with difficult challenges.

 

Finally, emotional intelligence is an important leadership practice that has to be mastered. Entrepreneurs need to be able to understand and manage their own emotions and those of others in order to create a positive work environment and build strong relationships. This includes being able to empathize with others, as well as being able to manage conflict and resolve disputes in a constructive manner. Successful entrepreneurs are able to use their emotional intelligence to create a positive and productive work culture.

 

In conclusion, the leadership practices that are essential for successful entrepreneurship in the 2020’s include strategic thinking and decision making, adaptability, effective communication, collaboration, innovation, resilience, and emotional intelligence. These skills can help entrepreneurs identify opportunities, make informed decisions, adapt to change, communicate effectively, innovate, stay resilient, and build strong relationships. By mastering these leadership practices, entrepreneurs can position themselves for success in the dynamic and challenging business environment of the 2020´s.

 

List of reference:

Council post: 10 essential leadership skills every entrepreneur should continually hone. (2022, April 21). Read on December 6, 2022 https://www.forbes.com/sites/theyec/2021/11/04/10-essential-leadership-skills-every-entrepreneur-should-continually-hone/?sh=7d1b43a94fe9

 

Santora, J. (2022, November 04). Key influencer marketing statistics you need to know for 2022. Read on December 8, 2022, https://influencermarketinghub.com/influencer-marketing-statistics/

 

Stobierski, T. (2020, July 09). What does it take to be a successful entrepreneur?: HBS Online. Read on December 8, 2022,  https://online.hbs.edu/blog/post/what-does-it-take-to-be-an-entrepreneur

 

 

 

 

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