Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Successful leaders must have certain exceptional traits which serve as the pillars of the foundation of successful leadership. Effective leaders should have enabling capabilities, must be able to share the common vision, are supposed to be deft in challenging the existing system/processes, should have encouraging qualities and be able to model behaviour.
Inspirational Leaders as Enablers: Inspirational leaders as enablers play a crucial role in creating a culture of collaboration, empower teams to drive optimum performance by encouraging employee involvement in decision making and in developing high-performance leaders/teams.
Sharing a Common Vision: Inspirational leaders should be experts in articulating the vision, mobilizing the required support and involvement of their teams for the achievement of the ultimate vision. They should be able to assess the opportunities and visualize the possibilities, communicate the same with others and gather their support and be able to align the individual goals with the organizational vision.
An effective leader, instead of focusing on personal vision or individual aspirations, should be able to attract the attention and support for the common values, principles and goals. Inspirational leaders have an exceptional ability to animate the vision and seeking the support of all the key stakeholders or the team members by providing a strategic direction and the required guidance.
Skills in Challenging the Existing Systems & Processes: Successful leaders must have an extraordinary ability to anticipate the change, analyze the developments or changes in the external environment, capitalize the opportunities by taking proactive initiatives and be skilled in experimenting or taking risks.
A leader can efficiently anticipate change and take proactive remedial measures for coping with the challenges posed by the change in advance by being creative, flexible and using their competence to the optimal best.
Apart from this, developments in the external environment play a crucial role in the determination of the futuristic strategies of an organization. In the present scenario, organizations function in a global environment, and it’s very important to stay abreast with the challenges posed by the external factors or the developments in the outside environment. It can, therefore, be said that various stakeholders such as clients, employees, suppliers, etc. all are supposed to be given equal importance by the leaders.
Inspirational leaders demonstrate their real potential during times of adversities. A true leader turns adversity into opportunities and demonstrates his/her complete potential by enabling things function efficiently.
Besides this, true leaders are good at taking risks and experimenting with new ideas and processes. They act as the catalysts of change for introducing reforms in the existing systems & processes. Inspirational leaders are efficient risk takers and they are experts in challenging the existing processes for evolving innovative processes and ideas.
Encouraging Qualities of a Leader: Inspirational leaders motivate teams for achieving excellence in performance by appreciating & recognizing their contributions, sharing the success stories and achievements with the team members and celebrating the achievement of the common goals.
They play the role of facilitators and motivate the teams for demonstrating the best of their performance by fostering trust, passion amongst the team members to exceed expectations and motivating others to direct their focus and attention for utilizing their best of potential and capabilities in the pursuit of organizational excellence.
Modelling Behaviour of Leaders: Inspirational leaders do have an extraordinary ability in personifying and representing the organization’s values before everyone and get the support of others in modelling the common values. They should be able to cite out success stories or live examples of how others have achieved success by endorsing the common values and following it in their day to day behaviour.
Thus it can be concluded that inspirational leaders should be able to demonstrate the above-discussed traits in their behaviour and be able to drive the teams for achieving excellence at work by building the collaborative capabilities and strengthening the internal competencies.
Inspirational leaders can visualize the big picture and translate the vision into action by setting up the required processes/systems, challenging the existing processes and introducing reforms/changes in the existing processes for achieving continuous improvement at work and driving business excellence.
They are the trendsetters, act as the pioneers of change and have exceptional anticipatory qualities which help the organization and the teams in remaining in a state of readiness for proactively addressing the challenges and surviving in the competitive scenario.
Inspirational leaders have exceptional encouraging qualities and play a vital role in developing high-performance leaders as well as teams; they transform followers into leaders and create an atmosphere of trust and mutuality for the realization of the shared values and goals.
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