Despite the ever-changing dynamics of the business world, it is critical that all departments of companies of all sizes have a strong leader. Inclusive, empathetic, analytical and solution-oriented leaders who prioritize ethical values not only ensure that companies’ business processes continue undisturbed.
At the same time, it makes it possible to overcome crises easily with the right management strategy. It also increases employee loyalty and maximizes productivity. Founder and CEO of the Erce Group, Hakan Çil, who aims to shape the industry with the innovations he made in his professional life and focuses on creating value in society with social responsibility initiatives such as 1 Smile 1 Life Association, shares the skills successful leaders of the 21st century should possess.
KEYSTONE OF BUSINESS SUCCESS: STRONG LEADERS
Although having a strong leader is considered the basic component of success for companies, this criterion is becoming even more important today, as companies’ needs are constantly changing and the conditions for doing business are uncertain. Acquiring leadership skills is now the primary condition not only for setting up a startup, but also for the implementation of operational processes and the correct evaluation and nutrition of the staff.
So how should a successful leader be? What basic qualities should it have?
It must be transparent: It must build trust-oriented, open communication models.
It must increase productivity: It must develop strategies that increase the productivity of its teams, as well as company policies by supporting collaboration.
Must encourage: It should make its employees curious and passionate. They need to increase their participation in business processes by adding new perspectives and increasing their motivation.
It must be solution-oriented: It must be able to correctly manage crises in internal or social events where business processes are interrupted.
It must be open to development: They must want to learn and encourage their employees to learn continuously.
Must be able to empathize: They should be able to get feedback from their team on any project or operational process.
MORE THAN 77% OF INSTITUTIONS EXPERIENCE A LACK OF MANAGERS
Gallup’s survey of leadership skills shows that only one in 10 people have leadership skills. On the other hand, he points out that about one-fifth (18%) of today’s managers are high-level performers, and two in ten managers are practicing basic leadership skills.
While this situation shows that strong managers are actually very rare, it also reveals the lack of leadership positions in the business world. More than 77% of organizations now report a shortage of managers. Despite this, 82% of companies fail to select the right candidate in their hiring process, causing a crisis in management employment. For this reason, 83% of companies are drawing attention to the importance of training leaders at all levels.
88% OF TRAINED LEADERS ARE MORE PRODUCTIVE
Many companies around the world foresee that the shortage of managers will increase in the near future and are signing up for training courses to develop strong leaders. Each year, $366 billion is spent on leadership training programs around the world, and the corporate leadership training market is expected to reach $26.7 billion by 2024. Investing in leadership courses makes 88% of executives more productive, while increasing team motivation and stabilizing organizational success.
ONLY 14% OF CEOS HAVE THE COMPETENCES TO GROW THEIR BUSINESS
Today, only 14% of CEOs possess the leadership skills necessary to grow their business; well-educated, qualified and successful managers can grow their business out of the crisis periods that affect the national and global agenda. On the other hand, it can take precautions against possible risks by creating an agile corporate culture.
According to the information obtained from the founder and CEO of the Erce Group, Hakan Çil, successful leaders should continuously improve themselves through training in various areas such as business, security and human rights. Hakan Çil, who has built his professional life on these principles, also leads the 1 Smile 1 Life Association, which he founded to provide solutions to social problems, and his career focused on corporate security.