Being in charge of an organization often means bringing out the best in employees. Many businesses are doing more with less and fostering environments that invite input from all sectors of their departments. Learn more about important business leadership trends and what skills can help you succeed in your chosen industry today.
Tap employees’ hidden strengths.
According to an interview in Inc. magazine, business leaders must find and unlock the hidden talents of their staffs. Building personal relationships with employees is one way to better understand the full spectrum of their capabilities. Providing opportunities for ownership of work and seeing employees benefit from positive physiological outcomes are two more. A fine example of this leadership style is that of Whole Foods co-CEO Walter Rob, who creates open and collaborative work environments with clear directives.
Allow for work flexibility.
Many businesses are going beyond the traditional 9-to-5 model and allowing for an alternative work structure. They are permitting their employees to work from home, sometimes even tapping talent that is 100% remote. The number of workplaces allowing for this alternative structure is constantly growing. In fact, according to GlobalWorkplaceAnalytics.com, “3.7 million employees (2.8% of the workforce) now work from home at least half of the time.”
This flexibility offers employees several unique benefits, including the ability to spend more time with family, less hassle for working parents, and less stress for those not geographically close to the company’s office location. A business that encourages this kind of flexibility might even have access to more talent from a much larger pool of potential employees by eliminating geographic limitations.
Open more executive positions to women.
Data from Pew Research Center shows that more women are entering higher-level management and leadership positions. In 1997, only 0.4 percent of women were CEOs in Fortune 500 companies. This had reached 5.2 percent by 2014, when 26 women were heading major firms. Data also show women’s increased participation on corporate boards of Fortune 500 companies, with a rise from 9.5 percent in 1995 to 16.9 percent in 2013. More women are involved in high-level decision-making in Fortune 500 companies than ever before.
Hone Leadership Ability with Pepperdine University Business Insights
Fostering business leadership is important. Pepperdine University online offers an elective concentration in leadership and managing organizational change, allowing students to become more aware of value-based leadership and to develop an understanding of responsible business practices. The online MBA program works to create effective managers and leaders who value and use the attributes of diversity and organizational dynamics in their workplaces.
Additionally, the online MBA program with leadership specialization explores vital concepts including:
- Strategic management
- Operations integration
- Marketing management
- Information systems
- Financial management
Theory is combined with practice to develop the real-world business skills necessary to handle future business challenges.
Online MBA students receive instruction at an institution with programs recognized by the Financial Times, Businessweek, The Wall Street Journal, Forbes, and U.S. News & World Report, and ranked as one of the best online MBA programs in 2016. Become a future business leader and create a workplace where employee contributions are valued.