Top Challenges for the Top Leadership Today

leadership Top Challenges for the Top Leadership Today

In today's complex and fast-changing economic, political, market, blink-of-eye-Technologies and consumer-preferences-and-habits => to say "that being the top boss is demanding would be the biggest understatement of our times".

Whether you are a CEO of the world's largest organization or a one-person start-up OR even someone looking for a job – you will have to master many-many more skills, than were needed say 20/30 years back.

In spite of all the right strategic planning [because of any of the external forces mentioned in the first paragraph above] – the outcomes could be totally unpredictable.

The earlier wisdom, solutions and techniques may not help – unless we too learn to learn* newer skills* faster than the rate of change.

Although there are no guarantees - In the climate of VUCA [Volatile, Complex, Uncertain and Ambiguous] – The future successes would come from disrupting the trends RATHER than following what is popular fads.

I have complied a list of 93 challenges that as a Top Business Leader you must address and overcome – Ignore them at your own peril.

These are Based on my interactions with numerous CEOs and Business-Owners [whose success-stories are worthy of case-studies to be studied at the Global Best Management Schools] – AND – also through implementing many simple yet un-thought of strategies and getting the results.

The idea is to help – the leaders to recognize, identify, learn, prepare and face these challenges head on – with informed action-steps.

Some of these are meant only for the top honchos of the global conglomerate – but most of the challenges are of almost all the people who would like to succeed beyond the extra-ordinary.

Even if you are about to jump into the entrepreneurial or job market – they would prove to be of the most effective skills and tools that you need to master and practice.

The word - Leadership - immediately creates an image of great men and women, who - in a moment of crisis, always rise to the occasion with the right response, the right decision, the right direction.

This is one of the biggest myths or misconception of leadership - that leaders always know what to do.

Most of the time leaders themselves - don't know what they're doing - any more than the rest of us do.

That's why every leader need solution tool-kit - that work against the most common challenges life throws at us.

The 93 Top Leadership's Biggest Challenges

  • 1.Attracting investors
  • 2.Reducing time to make money
  • 3.Making the business reach the break-even point and then to make it reach the profitable scale
  • 4.Accepting full responsibility [as a founder or the boss – even your employee's mistakes are yours] for anything and everything that goes wrong – AND – the pivoting correctly
  • 5.Facing problems and being a problem-solver
  • 6.Developing and Empowering your people to be problem-solvers
  • 7.Being comfortable in Asking for help – when you don't have a clue what is wrong OR what you need
  • 8.Understanding and accepting – who is the real BOSS – NO it is not YOU – They are Your Employees, Your Customers, Your Board etc etc
  • 9.Taking actions even if it paralyses you with fear
  • 10.Understanding that There are no guarantees – ONLY THAT – after each failure – you NEED to improvise take action again
  • 11.Asking the questions constantly - What Skills, Talents, Products, Processes, Strategies etc - do we need in our organization today that we don't have right now
  • 12.Constantly learning about the strengths they need to create for the next disruption OR preparing themselves for it-Best leaders don't just leverage the strengths they have, they also identify the strengths those they don't realize they have
  • 13.Having a right team of Mentors, Coaches and Advisers to help you learn, change and grow
  • 14.Going for the Top talents – AND -Ensuring that you best people are highly engaged and are excited for what their organization is about and the impact they are making
  • 15.Dealing with uncertainty through candid communications and conversations
  • 16.Reinventing themselves and their organizations by looking for and experimenting with newer ways of doing things
  • 17.Going for enhancing the horizon of knowledge for wider-ranging subjects, topics, fields and areas
  • 18.Nurturing strong trustable relationships all stakeholders – external as well as internal
  • 19.Recruit and retain top performers
  • 20. Learn to reach the crux from the maze of big-data to avoid Information overload
  • 21.Go for pro-active Change
  • 22. Overcoming the fear of firing – by letting people who don't support your values – humanely
  • 23. Becoming expert in Execution, improvisation and follow-through
  • 24. Following your own plan with disciplined approach
  • 25. Going for creating culture of most admired organizations in the world – it is expensive in short-term BUT very profitable in long term on sustainable basis - You as the CEO creates the culture and set the tone
  • 26. Learning to handle Difficult People*
  • 27.Say No*
  • 28. Developing Ability to handle Pressure without tension
  • 29. Dealing with Adversity*
  • 30. Delivering Bad News
  • 31.Staying Motivated and inspired
  • 32. Being Respectable and not likable*
  • 33. Developing and Maintaining Focus*
  • 34. Pivoting fast* – when any major project doesn't work or the event is a bust or When something new is about to start OR When something is about to end OR When times are tough OR During transitions
  • 35. Facing and handling Public criticism, especially uninformed criticism, of your group or mission – like - Crises, which could be tied to finances, program, politics, public relations (scandals), legal concerns (lawsuits) OR Opposition and/or hostility from powerful forces (business groups, local government, an influential organization, etc.)
  • 36. Resolving conflicts
  • 37.Being objectivate
  • 38. Looking for building collaborations
  • 39. Going for 360-degree feedback and using it to set the wrong right
  • 40. Observing* the trends and disruptions
  • 41.Communicating* your vision* passionately*
  • 42. Living your values* - values-based-leadership*
  • 43. Setting an example
  • 44. Maintaining effectiveness
  • 45. Creating sustainable excellence*
  • 46. Avoiding burnout*
  • 47.Sharing the burden by Surrounding yourself with good, competent and committed people who support and share your vision
  • 48. Becoming part of group or creating a group like Mastermind* with whom you can discuss your challenges and realities of leadership
  • 49. Ensuring taking self-care*
  • 50. Developing New organizational competencies in future context
  • 51.Identifying the Where are the biggest gaps – which are giving you ulcers – AND – then working to fill them with both short-term as well as long-term capabilities
  • 52. Nurturing and Refreshing leadership from within the organization
  • 53. Polishing your personal leadership style
  • 54. Experimenting AND Giving permission to yourself to fail
  • 55.Learning to Handle the Millennials as well as the Generation -Z
  • 56. Improving the quality and level of coaching and mentoring in your organizational culture
  • 57.Keeping a culture of agility
  • 58. Making use of technology
  • 59. Elevate and retain female leaders
  • 61.Up-scaling only after consolidation
  • 65. Focusing on the Development of Frontline leaders – Preparing frontline leaders for their critical leadership moments
  • 66. Developing result-giving and conducing habits*
  • 67.Not leaving development to chance or individual efforts
  • 68. Learning to lead several generations
  • 69. Emphasize accountability yours and everyone's
  • 70. Managing Changing Customer Relationships and Expectations - effectively
  • 71.Staying Competitive and Creating Growth
  • 72.Using Big Data and Decision-making science in most effective ways - Managing Information Flow
  • 73.Managing Your Energy*
  • 74.Creating new business models suitable to Disruptive technologies and market preferences Developing next-generation leaders
  • 75.Creating a learning agile culture
  • 76.Investing in inclusion and diversity for Fostering emotionally agile leadership
  • 77.Launching more female leaders
  • 78. Creating a High-Performance Global
  • 79.Tackling Expectation of High Performance in a Short Period of Time - through creating robust tracking and monitoring systems
  • 80.Creating Strong Brand Loyalty - by bringing something unique and practical to the market
  • 81.Learning the fineries of Financial management and Cashflow Management
  • 82. Creating a cultural of Innovation
  • 83. Making the processes involved in running a business easier to monitor and take action
  • 84. Using all the available Marketing channels to your best advantages - Direct, social, online
  • 85. Creating Differentiation through very strong stakeholders value proposition'
  • 86. Mismatch of Current Talent And Future Strategies
  • 87. Lack of Digital Expertise
  • 88. Loneliness at the top
  • 89. Balancing competing interests and priorities*
  • 90. Providing employees with the tools they need to be productive
  • 91.Becoming more adaptable to change
  • 92. Creating culture which promote employee well-being
  • 93. Identifying emerging trend and right preparation
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