August 05, 2024

5 qualities of a successful leader part 4: Strategy

Written by
image of strategy photo

The UAB Medicine Leadership Competency Model features five domains and 19 competencies. In this series, we’ll examine this model and how it can be used to empower leadership.

Strategists are the architects of the future, shaping what lies ahead through planning and innovation. They anticipate emerging trends, set daring goals, and precisely plan their journeys to success.

Crafting innovative strategies and aligning resources with objectives leads to transformative achievements.

“As leaders, we want to guide our team through the success factors of strategy,” said Kellie Carter, Ph.D., Senior Leadership Development Specialist. “Tapping into the strength of our team’s culture through open and honest communication regarding challenges, opportunities, and priorities, will not only encourage buy-in, but also help in creating a realistic and sustainable strategy.”

Let’s examine the fourth of the five domains in the UAB Medicine Leadership Competency Model: strategy.

Adapt: Ensure current and long-term success

Adaptability is crucial for both current stability and long-term success. Organizations and individuals must remain flexible and open to change to thrive in ever-evolving environments. By embracing innovation and staying ahead of trends, they can navigate challenges effectively and sustain growth.

Steward: Optimize resources

An entrepreneurial steward excels at managing and optimizing resources to maximize value. This involves strategic asset allocation, efficient operations, and a keen understanding of market dynamics. By being resourceful and forward-thinking, stewards drive efficiency and foster sustainable development.

Synthesize: Support comprehensive decision-making

Synthesis involves integrating internal and external systems thinking to support comprehensive decision-making. By evaluating various factors and perspectives, leaders can make informed choices that address complex issues. This holistic approach ensures that decisions are well-rounded and effective in achieving organizational goals.

Commit: Remain committed to success

Commitment is the foundation of achieving success. Staying dedicated to goals and maintaining focus amid challenges is essential. A committed individual or organization demonstrates resilience and perseverance, driving continuous improvement and long-term accomplishments.