When it comes to innovation, two of the biggest names online are Sportify and Amazon. In the modern business era, which is unpredictable, these two business models are able to remain ahead of the game.
Both Amazon and Sportify must be doing something right. They are market leaders and experts at gauging the overall direction of the trend, making the right choices and executing their plan well enough to keep customers engaged and happy.
Leadership is the driving force of a company’s success. Many businesses still feature a top down hierarchy leadership that is slow to pick on trends and equally slow to adapt.
Think of a company as a car. Just as the driver guides the car in the direction he wants, the same is true with the business leader. The role of the leader can determine whether the business dominates the market or ends up as just another failure.
There are three main types of leaders.
1. The entrepreneurial leader
The entrepreneurial leader engages the minds of the customer by creating products that are not just innovative but simple to use. Sometimes, customers may not know how much they need a particular product until they try it.
They are masters of streamlining organization by coming up with new innovations and concepts. Entrepreneurial leaders also know how to support and foster team members to bring their own ideas to the table.
Through team building, experimentation and risk taking, these leaders are able to encourage their team members to become more innovative. By looking into the future and seeing the potential and encouraging innovation from their workers, the entrepreneurial leaders move the business into the future.
Entrepreneurial leaders are also able to take full responsibility of the results. If their ideas turn out unsuccessful, they will take their fault and never that of the team members.
2. The enabling leader
These are leaders that are able to create a work environment that focuses on the wellbeing of the worker as well as the relationship with other workers. The contribution of every individual worker is acknowledged.
An enabling leader can be a great complement to the entrepreneurial leader. Since they are able to push employees to greater levels of performance, they are the ones that help to keep the business culture solid and from collapse as the business moves to the next level.
The enabling leader helps to build a strong and capable team that integrates well with each other.
3. The architecting leader
If there is one thing about architecting leaders, it is their unique ability to look into the future and put measures in place to take the business from where it is now to where it needs to be. They create the long-term plans from which other business leaders will work to drive the company forward.
Think of them as visionaries.
Architecting leaders are also able to focus on current global trends and come up with innovations to take advantage of the trends.