How you lead is just as important as what you are doing. That underlying belief can make the difference between success and failure in a complex, changing world.
CEOs who understand the importance of a leadership strategy make explicit the kind of leadership they need to achieve the business strategy. To set their leadership strategy, they first examine the key drivers of the business for implications for leadership.
Key drivers are few in number and help you understand what is absolutely essential for the organisation to accomplish. They are not detailed strategies; instead, they are core decisions about what the organisation must do.
Key drivers can be identified by examining each business strategy or initiative and asking a few fundamental questions:
•Is this an organisational capability that is absolutely vital? Could something else be more essential in causing the vision/mission to happen?
•What is most important to competitive success and mission completion?
•Is this something that the organisation is positioned to do better than its competitors?
•Will doing this well translate directly into continued or future success?
•Would not doing this well cause the organisation to suffer?
Being explicit about what drives your business, and knowing how to create a leadership strategy that brings that to life is what separates companies in the same market.
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