The Six Competencies that Power Growth Boards

The challenges and opportunities facing SMEs today are very different to those of the past. Businesses have adapted to face the modern world with….

• Evolutions in technology, marketing, operations and commercial strategies.
• An office infrastructure is designed to optimise the benefits of hybrid working, promote positive work/life balance and wellbeing.
• Fractional Leaders.

Pratap Executive has worked with founders, entrepreneurs and investors of growth stories in the Midlands and the North for many years. We have built successful teams. We have met outstanding leaders and we have seen how some of the most exceptional leaders have refined and tuned their competencies for the modern world.

Business performance is shaped not only by product, strategy and structure but by the capabilities of the people leading it. Boardroom muscle was historically measured by technical knowledge, career pedigree and functional expertise. Today, these foundations matter – but they are no longer enough. Today’s emerging workforce of younger Millennials and Gen Z is looking for something different from their leaders.

These six areas have not been replaced or gone away. They have evolved and re-prioritised.

A new set of competencies has emerged for the modern era.

• Some companies have naturally evolved with modern competencies as they constantly face the outside world.
• Others have recognised the value and have brought in new talent to their leadership teams.
• New companies across almost every sector are recognisable for having these competencies dominate their boards and SLTs.

Sources of Information

We have been preparing this review over the past six months – in the line of our work, following the right content online and research:

1. Awesome founders, shareholders and leaders across the North & Midlands
2. Investors who especially excel in “getting the people part right”
3. Candidates – brilliant people whom we are lucky to meet every week.
4. Speakers at events – including the REC, Vistage, ICAEW, Chamber of Commerce, Economists, Thought Leaders……
5. Hundreds (well tens at least!) of books.
6. No AI-generated content – 100% authentic content from our practical experience.

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Over the next few weeks, I will present on each individual competency that will include:‍

1. An accurate definition on the context of modern growth leadership.
2. Details of why the competency has been so important in recent years and for the foreseeable future.
3. Methods of assessment for boards to ensure that they are bringing in the right people to complement their existing people.

For more information on anything discussed in this article, please contact:

Nik Pratap

07936 364 477

nik@pratappartnership.com

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To read the full series of articles, please follow the links below:

The Six Competencies that Power Growth Boards

Six Competencies that Power Growth Boards – Resilience

Six Competencies that Power Growth Boards – Curiosity

Six Competencies that Power Growth Boards – Empathy

Six Competencies that Power Growth Boards – Authenticity

Six Competencies that Power Growth Boards - Courage

Six Competencies that Power Growth Boards - Purpose‍