Emotional intelligence (EI) is the ability to understand and manage your own emotions, and those of the people around you. People with a high degree of emotional intelligence know what they’re feeling, what their emotions mean, and how these emotions can affect other people. Having a high EI helps people strengthen interpersonal skills and regulate stress, both of which are essential for effective leadership. Although some people have a naturally higher EI, but you can also develop more awareness by joining leadership courses that are particularly effective in providing information that helps people grow in their EI and improve interpersonal skills.
Strategic thinking is the process of developing and evaluating every decision and action in light of current and future circumstances, the direction you want to go in and the results you want to achieve. It involves being able to apply possibility thinking to every situation. Strategic thinking helps business managers review policy issues, perform long term planning, set goals and determine priorities, and identify potential risks and opportunities.
Strategy implementation is the translation of chosen strategy into organizational action so as to achieve strategic goals and objectives. A strategic plan is a written document that lays out the plans of the business to reach goals, but will sit forgotten without strategic implementation. The implementation makes the company’s plans happen.
Leaders require excellent communication skills. Building a strong business case and engaging stakeholders to win a superior’s support requires good communication skills. When communication fails, people misinterpret or misunderstand intentions, causing conflict and workflow disruption. Effective leaders listen to other people and exchange thoughts and ideas. This also ensures that people will follow them, because true leaders establish trust and respect.
Innovation generally refers to changing or creating more effective processes, products and ideas, and can increase the likelihood of a business succeeding. Businesses that innovate create more efficient work processes and have better productivity and performance. Combining reasoning and creativity allows professionals to thrive in their positions.