Stagnation isn’t just risky, it’s a leadership failure

c-suite leadership leadershipdevelopment strategic vision Oct 15, 2024

 

Senior leaders, especially at the C-suite level, often find themselves in reactive mode, dealing with immediate concerns while neglecting the more proactive, innovative initiatives that can drive long-term success.

But here’s the uncomfortable truth: too often, leadership focuses on what’s urgent rather than what’s transformative. The result? A team that’s bored, disengaged, and on the lookout for more challenging opportunities elsewhere. According to a recent report, 63% of employees cite a lack of career progression as a reason for leaving their jobs (source: MIT).

The key to innovation: making work interesting again

In their efforts to maintain revenue streams, many companies fall into the trap of repetitive, uninspired tasks. This approach might ensure short-term survival, but it’s a long-term roadblock to innovation. To move beyond survival mode, consider making your initiatives not just necessary, but interesting and challenging. Teams are much more engaged when they feel their work matters and brings something new to the table.

HRCloud reports that companies with higher levels of employee engagement experience a 21% boost in profitability (source: HRCloud).

 Strategic vision: empowering through delegation

One common mistake is assuming that innovation only comes from the top. The reality is that great ideas can emerge from any level. A proactive leader is one who delegates creative problem-solving opportunities throughout the team. When you give people the chance to tackle interesting challenges, they engage more deeply. This, in turn, fosters a culture of ownership and innovation.

 Stakeholder enablement: inclusion and transparency

Proactive initiatives shouldn’t be confined to your senior leadership meetings. Transparency in how decisions are made and ensuring that all employees understand their role in the company’s success, can make a significant difference. When stakeholders at all levels feel included, they are more likely to invest themselves in the initiative’s success.

Sources

MIT: https://mitsloan.mit.edu/ideas-made-to-matter/to-keep-employees-focus-career-advancement#:~:text=In%20a%20Pew%20Research%20survey,given%20for%20quitting%20a%20job

HR Cloud: https://www.hrcloud.com/blog/20-employee-engagement-statistics-you-need-to-know#:~:text=A%20Highly%20Engaged%20Workforce%20Increases,tend%20to%20be%20more%20loyal

Hi, this is me, Margo,

I’ve coached thousands of leaders gain insights, make informed decisions, and enhance their leadership by focusing on three key areas: self, strategy, and stakeholders. 

Through prioritising their own wellbeing, developing their emotional intelligence, crafting thought through strategic decisions, and fostering stronger relationships with key stakeholders, this increases  longer term value and impact. This holistic approach drives meaningful, sustainable change in how they lead, innovate, and engage with others, creating enduring value for themselves and their organisations.

Please do get in touch:

Follow me on LinkedIn for articles, tips, and insights.

Subscribe to my LinkedIn newsletter for regular updates and fresh content.

Reach out to me directly through my website for coaching, keynote speaking, or to discuss your needs.