With consumers on the move, companies need leaders who are not only socially aware, but are prepared to keep innovating and adapting their products to meet changing demands. “I’ve always been fascinated by transformational leaders because they change the way things are,” says Hal Gregersen, INSEAD’s senior affiliate professor of leadership. According to Gregersen great entrepreneurial leaders, like Apple’s late CEO Steve Jobs, question everything, scrutinise everyone and experiment with new ideas. “They get great ideas which disrupt entire industries and create lots of jobs.”
And they inspire their employees to follow suit. Waleed Al Somali, administrator of personal development at Saudi Aramco, Saudi Arabia’s US$8 trillion oil producer (and the largest in the world), told Knowledge that great leaders were able to transform a company through their charisma and spark. “Having vision that ties and ignites the passion of members of an organisation towards success is important for any leader for transformation to take place,” Al Somali says.
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