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Business News of Monday, 7 April 2025

    

Source: www.ghanawebbers.com

The qualities of leadership required in modern times

This year marks 25 years into the 21st century. It has been a time of highs and lows, shaped by the tumultuous 20th century.

By the end of the 20th century, the Internet was launched commercially. This advanced form of ARPANET was developed by a team under Dwight D. Eisenhower. Until then, information was mostly held by wealthy individuals and professors.

With Web 2.0 in the early 21st century, many changes began. Google launched, followed by YouTube, which Google later bought. Facebook transformed social media, leading to further developments in technology.

Society experienced significant changes as well. Mobile devices became widespread, making Internet access easier and cheaper. The spread of democracy promoted human rights and freedom of speech awareness.

Generations like Gen-X and Millennials grew more aware and questioned norms. This led to Gen-Z's emergence, characterized by their inquisitive nature seeking solutions.

Leadership faced challenges with this new workforce. Many leaders felt threatened by employees who question the status quo. Initial reactions were often defensive or dismissive towards Gen-Z.

However, this approach is not effective and leads to frustration among leaders. Those who view Gen-Z as problematic may be surprised by Gen Alpha's arrival.

Forward-thinking management recognized the need for change in leadership styles. Two key qualities are now essential: adaptability and empathy.

What Adaptability Means

Adaptability means leaders can navigate uncertainty and lead through change. It requires an open mindset that is curious and resilient. Leadership expert John Kotter notes that change will continue at a rapid pace.

Leaders must adjust strategies as circumstances evolve while anticipating future changes.

What Empathy Means

Empathy involves understanding team members' needs and feelings. Leaders should create a culture where everyone feels valued and heard. Simon Sinek emphasizes that leadership is about caring for those you lead.

The combination of adaptability and empathy defines modern leadership through The Transcendent Leadership Model (TLM). Leaders who embody both traits foster innovation and sustainable growth.

Explaining the Transcendent Leadership Model

The TLM focuses on achieving results while fostering adaptability, empathy, compassion, and mutual growth. Effective leaders engage in self-reflection to understand their strengths and weaknesses.

They also develop emotional intelligence to recognize others' emotions and needs. Adapting to change while bouncing back from setbacks is crucial for resilience.

Leaders must consider broader implications when making decisions affecting all stakeholders—employees, customers, communities, etc., promoting inclusivity and diversity for innovation.

Implementing the Transcendent Leadership Model

To integrate TLM into your organization:

1. Foster empathy through activities like active listening.
2. Encourage continuous learning without fear of failure.
3. Develop decision-making frameworks considering all stakeholders.
4. Respect diverse perspectives within your organization.

Ditching Obsolete Command-and-Control Approaches

The shifts of the 21st century have changed leadership dynamics significantly. Old command-and-control methods are ineffective today’s interconnected world demands adaptability and empathy from leaders instead.

By embracing TLM principles, leaders can cultivate innovation where everyone feels empowered to contribute positively to organizational success amidst uncertainty.

As we look ahead, successful leaders will navigate challenges with compassion while driving positive change through adaptable practices rooted in empathy.