By:
Melvin Greer
Managing Director, Greer Institute
Melvin Greer
Managing Director, Greer Institute
There are many important characteristics of great leaders. Team
players, good listeners and visionary are clear hallmarks. But being ambidextrous
is required now more than ever. Ambidextrous leadership is a balanced approach
where flexible leadership behaviors that lead to better business outcomes are
the rule.
Ambidexterity is the ability to engage in innovation (exploration)
and operation (exploitation) equally well. But these are two very different yet
complementary leadership behaviors.
- Exploitation: Reducing variance, adherence to rules, alignment and risk avoidance
- Exploration: Increasing variance, experimentation and failure, value alternatives and risk taking
And why is ambidextrous leadership required now more than ever?
Leadership is in crises and leaders are facing an increasing set of complex
issues. This crisis manifests itself in a lack of employee engagement and
retention along with lower market share and business performance. According to 2013 Ketchum Leadership study there is an unambiguous
crisis of confidence in leaders.