What Characteristics Make a Leader Effective in Such an Environment?
To excel in a competitive business environment, leaders need several key characteristics:
1. Visionary Thinking: The ability to foresee market trends and adapt accordingly. 2. Decision-Making Skills: Making quick and informed decisions, often with incomplete information. 3. Resilience: The capacity to withstand setbacks and keep the team motivated. 4. Empathy: Understanding and addressing the needs of both employees and customers. 5. Accountability: Taking responsibility for both successes and failures.