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How Future of Leadership and OKRs are Correlated?

The business dynamics are changing drastically. The future of leadership lies in adapting to these changes. Read on to know how OKRs can be the best tool for future leaders to cope with a continuously evolving environment.
Sagrika Mehta

Sagrika Mehta

Future of leadership

Are you prepared to follow the trends that are going to shape the future of leadership?

The business landscape is dynamic. How leaders are operating will have to evolve with the changing business. 

To keep up on the race the future leaders will require skills and mindsets. They will need greater autonomy and flexibility to match the rising ambitions.

The leaders of tomorrow will need empathy and understanding as well as the ability to deliver the best results. They will have to reconsider and abandon traditional ways of running the business. 

If you are already a leader, the floor still might drop off. And you have to learn to mould your skills as the changing business environment demands.

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What does leadership mean?

Leadership is about influencing your teams to be their best at every task assigned. It is about translating vision into reality.

Leaders stand at the heart of the organization. They have the power to change the structure of organizational functioning. It focuses on the management, motivation, engagement, and productivity of teams.

“People buy into the leader before they buy into the vision.” 

A good leader fosters a culture of inclusion, harness technology, embrace (the changes) and reinforce. They manifest emotional intelligence. And help their teams with collaboration, support, and guidance.

“The function of leadership is to produce more leaders, not more followers.” 

Leaders are, in short, the driving force behind the success of your company.

Challenges for future leaders

Challenges for future leaders

Here are the top 5 challenges modern leadership faces-

1Future Oriented

With the increasing connectedness leaders of tomorrow will have to think globally and enfold diversity. This will make collaboration and teamwork even more important for organizational success.

2Knowledge of trending technology

Technology has a huge impact on accelerating globalization. AI (Artificial Intelligence) is taking over the industry.

With the digitization of the products and services leaders will have to embrace technology to keep pace with their competitors. 

3People management

Understanding the new talent landscape and managing people will become more challenging for future leaders. 

“A great leader takes people where they don’t necessarily want to go, but ought to be.” —Rosalynn Carter

4Training, coaching and mentoring

In the past leaders were dictators and teams silently used to follow their orders. But things have already changed. A great leader will not only know the way, but he will also show the way to his teams. 

As we look ahead into the next century, leaders will be those who empower others. —Bill Gates

The future of leadership is about taking everyone with you as climb the success ladder. The leaders of tomorrow will coach guide and mentor their teams to flourish their talents.

5Innovation, adaptation, and collaboration

Great leaders encourage diversity. Diversity in some cases may lead to misunderstanding and conflicts. 

With this innovation, collaboration and team-building will become more complex for future leaders.

Future of leadership: How can OKRs empower leaders

How can OKR empower leaders

The role of the leader is evolving. They empower teams to achieve more. They communicate and coach. And OKRs can be their magic wand. 

Here’s how OKRs can shape the future of leadership-

  1. OKRs bring Operational excellence by aligning the team and individual goals with larger company objectives.
  2. It helps you track, monitor, and measure the success of each team. People management is thus taken care of.
  3. Help you strategize better with connecting vision with goals. OKRs clarify priorities for teams. And helps your teams stay laser-focused. 
  4. Organizational silos are one of the major reasons behind workplace problems. The OKR framework can help your future leaders to break silos.

OKRs can help leaders of tomorrow to solve issues before they get the chance to mature. OKRs also lead to data-based problem-solving.

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  1. It enhances team collaboration. OKRs create an environment of trust and understanding- where your employees feel heard and where their opinions matter and are valued.
  2. OKRs bring absolute transparency to your organization’s functioning. Thus leaving less space for misunderstanding and conflicts. Everyone knows what is expected from them. So that teams can focus on priorities without wasting much time in solving discrepancies. 
  3. OKRs make goal management easy for leaders. When done right it makes employees feel more engaged, motivated, and satisfied. 

According to a Gallup article, when employees are highly engaged their outcomes are better, they stay at your organization longer and experience less burn-out.

  1. OKRs are designed collectively. Thus with OKRs, your future leaders will be able to build the foundation of your success with the collective intelligence of your teams. It gives employees a role in the decision-making.
  2. OKRs foster communication. If leaders fail to communicate, it can ruin the entire project. Leading to inefficient teams in the long run. Ineffective communication also slows down the team- building, and collaboration among employees. 
  3. It saves time so that you and your teams can focus your time and energy on Lead the company has you built new products and services, upscale and focus on the success of your business.
  4. Employees quitting their jobs is a living nightmare for the leaders.

Research shows that one of the common reasons behind employees leaving their jobs is a lack of challenge in the workplace. Other reasons are not feeling valued, bad management relationships, lack of feedback or structure, and seeking a clearer company vision.

Your future leaders can deal with it with OKRs.

Do you want to create a robust leadership pipeline for the future?

How to create leaders

To create future leaders, empower your managers to be leaders of tomorrow with an OKR software solution. And prepare them for the new challenges they are about to face.

The seemingly straightforward framework of OKRs can become profound in practice.

OKRs are not a bundle of bullet points. Designing and aligning your company Okrs with teams and individuals at times can get overwhelming for your leaders. It also asks for a mindset shift from your teams and leaders. 

An OKR software can help your managers master the process and become great leaders. And Coach their teams to a target.

If you want to know more about OKR software, CLICK HERE.

Conclusion

It’s time to help your future leaders take advantage of what OKRs offer. And build diverse teams to match the global standard. 

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