Leaders should focus on several key areas to be effective:
Industry Knowledge: Understanding the specific dynamics, trends, and challenges of their industry. Financial Acumen: Ability to interpret financial statements, manage budgets, and make financially sound decisions. Technology: Staying updated with technological advancements that can impact the business. People Management: Skills in team building, conflict resolution, and fostering a positive organizational culture. Strategic Thinking: Ability to set long-term goals, develop strategies, and envision the future of the organization.