As we head into a long holiday weekend in the United States, many of us are going to relax, reflect, and regroup on these strangest and most unique times.

If you are a leader of a team or a process, I wanted to share with you some insights from research and work Advantexe completed this year in the area of Business Leadership with a focus on how virtual leadership is accelerating the value that you are creating as a leader. To keep it simple and effective, there are 3 ways a leader can accelerate value (what to do) and 3 ways a leader should execute the acceleration of value (how to do it) in this new normal of 2021 and beyond.

“Community is the new marketing: You don't build a community to "promote your product" You build a community so you DON'T have to promote your product. Point: community is the great growth unlock”

Supply Chain Management, Procurement, and other operational functions that are critical to the success of a business are more strategic and more important than ever. In the new realities of the post-pandemic world, the skill profiles of people in these functions have changed dramatically and talent development professionals are struggling to identify, assess, and develop the skills critical for success.

Analytical skills are always important, especially when we live in a world of seemingly infinite data. The need to analyze data to make the best decisions for the company is a core competency that needs to be constantly nurtured and developed. However, there is an emerging skill in the world of Supply Chain management that is even more critical: Business Acumen.

As long as I can remember, corporate talent development strategies were designed and forged by natural limiters such as the time, money, and resources required to bring employees in to attend stand-up, face-to-face learning events. As a result, when talent development professionals looked at their organizations, they were faced with the choice of the bell curve: either focus on the “far right side” of the curve, those defined as strong, high potential performers, and let the rest of curve fend for themselves. I recall one client say many years ago that the cost justification analysis of moving the far right a fraction further to the right was far more effective than moving the rest of the curve to the right.

It will be years or even decades before we fully understand the profound impacts the COVID pandemic has had on businesses and the way we work. Earlier today, I was having a great discussion with one of our clients about observations and learnings we had from a recent 5-connection virtual Business Acumen and Business Leadership workshop we conducted for senior leaders.