Three Leadership Trends To Watch in 2020
Being the CEO of your organization comes with a large responsibility. Not only are you responsible for the strategic direction of your company, but also investing in professional development for your staff is key. As we embark on the new year, having a focus on what leadership trends are emerging can give you rare insight into how you may need to evolve your leadership skills and engage your leaders to reach their full potential.
According to the top CEO peer development consultants and coaches, here are the top three leadership trends to watch in 2020.
- Leading multiple generations. With nearly 10,000 Baby Boomers retiring every day, the workforce demographics are changing. Millennials are now being promoted to management level positions, as their older Generation X siblings are assuming executive leadership positions. Being able to lead, inspire, and interact with various generations that may have wildly different views and work ethics is important to your success as a CEO now and into the future.
- The growing role of women in leadership. A 2018 survey of business owners found that only 24 companies out of the Fortune 500 employ women in executive positions. This gender disparity is not new, however, CEOs need to look to diversify their leadership teams to ensure that a wide range of viewpoints and perspectives are embraced throughout the organization.
- Learning to offer higher value and convenience. In today’s Amazon-driven world, customers have come to expect to receive everything on-demand and when they want it. The challenge for CEOs will be in finding the balance between providing high-value, affordable costs, and immediate convenience. It will take investing in technology and looking for ways to streamline your operations to automate tasks to increase efficiencies and reduce operation times.
BONUS: Investing in continuing education. The world is changing too fast to ignore. What may have worked in the past may not work in the future to grow your business. CEOs need to be open-minded and find ways to expand their skills to best fit the evolving business landscape. Leveraging CEO peer coaching groups can be an effective way to enhance how you lead and motivate your teams. If you are interested in learning more about CEO peer groups, we invite you to explore The Brain Trust.
