Five Skills a Digital Leader Must Have

Sandra Sieber and Evgeny Káganer describe the new mindset

30/12/2014 Barcelona

IESE Business School

The Digital Mind-Set: 5 Skills Every Leader Needs to Succeed in the Digital World

As digital density increases to encompass more and more social and business interactions, leaders need to adapt to have a digital mind-set. They need vision but they also need to empower others, let employees experiment and relinquish control while remaining in charge. They have to bridge the old and the new and move forward with experimentation based on empirical data. Click here to read the article in IESE Insight: Get inspired! Subscribe to IESE's YouTube Channel:
Profs. Sieber and Káganer analyze how to lead in this digital, interconnected world of big data / Photo: IESE

Competing in today's digital world requires a radical paradigm shift throughout the organization. Companies need to pursue fresh business strategies, different value propositions and a major overhaul of their structure and operations.

Only digital-minded leaders can promote this renewal. IESE Profs. Sandra Sieber, Evgeny Káganer and Javier Zamora have identified five leadership skills that businesses need today. Although they may seem paradoxical, even contradictory, the professors say that "the success of your company's digital transformation will depend on how agile it is in using both sides of the brain."

These are the five musts for a digital leader:

1. Provide vision, but delegate

2. Allow some margin, but lead

3. Be prudent, but disruptive

4. Rely on data, but trust intuition

5. Be skeptical, but open-minded

In this video, Sieber and Káganer offer some tips for entrepreneurs and managers to develop these skills and be stronger leaders of this adaptation, which is so crucial for competing in an already digital market and society.

More information at IESE Insight

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