The Top Management Skills of 2020
Do you ever wonder what you could be doing to enhance your management skills but aren’t sure where to start? As the years go by, more and more content is uploaded to the internet about the best leadership and management skills. It’s enough to make anyone’s head spin. Don’t worry, we researched for you so that you can focus on what’s most important—being the best leader you can be. In this post, we’re going to share with you the ways you can improve your management skills so that you can keep pace with the world’s top leaders.
Why Your Management Skills Need an Update for 2020
As we roll into the new year, it’s important to look back at our management styles. One of the key elements of being an adaptive leader is practicing regular self-reflection. As January moves into February, most of us are past the point of New Year’s resolutions and are instead focused on core aspects of change that we can realistically make. In our professional lives, this should include taking a critical eye to our management skills.
Economists believe that the global workforce is on the brink of hitting the Fourth Industrial Revolution—a revolution that will change the way we live based on technological and cyber advances in how worldwide economies do business. Management should all be focusing on ways to enhance their skills. There is no doubt that workplaces are changing, and leadership skills must change to meet new demands.
It is projected that most of the necessary skills for the 2020 workforce will be centered around technology and how humans use it. Below are the skills that will take management the furthest in the coming year:
- Technical skills – Millennial workers have been bringing tech-savviness to the workplace for many years now. However, Gen Z, which makes up about 25% of the American population, are just starting to enter the workforce. This new generation of workers expects not just tech-savvy workplaces, but tech native workplaces. Jobs of all kinds will be requiring technical skills from here on out.
- Data literacy – This includes the ability to communicate about data in context. Employees will need to be able to critically assess data to take calculated business steps and gain astute business insights.
- Adaptability – Change happens rapidly in today’s workforce, so it is crucial to mold leadership styles around this fact. Adaptability includes strategizing for tomorrow and staying current with business trends. Constantly learning new skills and unlearning outdated skills can boost a career in today’s competitive world
- Creativity and critical thinking – Be aware of how you think and use your critical thinking skills to discern what is trustworthy and what is not. Managers should be open-minded yet able to judge the quality and accuracy of the information and data they encounter. From here, it is important to draw on creativity to solve problems
- Emotional intelligence – Humans will likely always have an edge on machines if we have emotional intelligence. Leaders have to be able to control their emotions and express them appropriately with their teams
- Cultural intelligence – As we’ve mentioned, today’s workforce is changing rapidly. This means that it is already drastically different from what it was just a decade ago. Organizations are becoming increasingly diverse and leaders need to be aware of the needs that people of various race/ethnicities, religion, age, gender, and sexual origin require
- Complex decision making and collaboration – This is another area in which humans will have a longstanding lead over artificial intelligence. Humans need to be able to take the data provided by machines and analyze it within the context of the broader community.
Management Demands Have Changed
It is only fitting that as the world enters a fresh new decade, the workforce enters a new phase as well. Leadership trends are changing and shaking up how organizations do business. Innovation and strategic disruption are king. Companies that cannot keep up ultimately fail. As corporations adapt, their leaders do so as well. The most seamless adapters to changes in workplace culture, technology and development are the leaders who rise to the C-Suite. Companies have been starting to shun the traditional styles of leadership that rely on hierarchy and top-down business for years. This is what the business world’s top leaders are focusing on in current trends:
- Cultivating a workplace that focuses on empowering its employees
- The marriage of internal data and external information by crafting an interconnected global worldview
- Lead by example by communicating a product or vision that inspires everyone—employees, communities and consumers
Overall, today’s economy requires that leaders have a global mindset about the economy in which they operate – future leaders are currently rising the ranks because they are aware of how current events affect business. These leaders are rejecting the age-old business view that shareholders come first and substituting this outdated notion with the belief that public concerns should be elevated to improve business.
A Breakdown of the Most Crucial Skills For the 2020 Workplace
We have already gone over several soft skills that are enormously important for dynamic future leaders to master. Below is a list of the top soft skills for leadership in 2020 that we did not already cover:
- Possess a growth mindset – Learn continuously and be committed to change; having a growth mindset means that you are dedicated to learn from setbacks, you are skilled at avoiding distractions, you are constantly looking for new opportunities and you find yourself more inspired to work with your community towards creative change and improvement
- Master concentration – Be able to concentrate on making both excellent short-term and long-term decisions. Improving productivity at work by mastering time management and concentration can help you to work smarter rather than harder
- Innovation – Improve upon existing ideas or markets by using creativity and unique skills. Work well in teams in order to create standout programs that transform industries rather than just making ripples.
- Written, spoken and observational communication skills – Be able to interpret information in various formats as well as to effectively communicate your own ideas across formats. Many professionals work on building positive influence in the workplace by mastering their communication skills and working from a place of executive presence
- Storytelling – Learn how to organize thoughts and data into a narrative that makes sense to employees and teams. Business storytelling should function to create a clear mission with strategies, negotiate propositions of value, inspire motivation in your team, contribute to stellar company branding and be an excellent public speaker as a representative of your organization
- Cloud computing – Be able to use and store information in the cloud
- Artificial Intelligence – Be aware of how artificial intelligence impacts the way your organization does business
- UX Design – Create products that can deliver meaningful and relevant experiences to consumers
- Scientific computing – Using computer systems to solve complex problems
- Analytical Reasoning – Make judgments based on available data
- Video production/editing – Create or alter content that can be used online by consumers
All this information is a lot to chew on. We don’t want to throw you out into the world just with theoretical knowledge, though. KnowledgeCity provides detailed and interactive online courses that can help you take your leadership skills to the next level with real-world examples of many of the ideas discussed in this article. For example, you can take a deep-dive into several leadership courses, including “Emotional Intelligence,” “Business Process Management” and “Creating a Culture of Diversity and Inclusion.” Each of these courses focuses on abstract ideas and how their real-world applications can help you keep your leadership skills on-trend as the workforce enters a new decade.