Frequently Used Leadership Terms, Aikido, SMART, DELPHI Analysis, SWOT Analysis, STAR, and GROW Approach

 Introduction | Frequently Used Leadership Terms

Aikido

Aikido is a Japanese martial art known as the “art of peace". Unlike other martial arts, it aims to resolve conflict peacefully. Aikido transcends instinctual obsessions of “winning” and “losing” and realizes a new path and blending attacks to achieve peaceful resolutions. In today's business world, conflict is inevitable and addressed directly with the complete self. As we continue to look for new ways to approach leadership development, Aikido provides the basic attitudes we need such as lifelong learning, connection and protection, and keeping an open mindset.

SMART

SMART is an acronym used to guide goal setting. It means that if you want your goals to be clear and reachable. Your goal must be Specific, Measurable, Achievable, Relevant, and Time-bound. The goal should be clear and specific, otherwise, you won't be able to focus your efforts or feel truly motivated to achieve it. In addition, it's important to have measurable goals, so that you can track your progress and stay motivated. Realistic and attainable means the goal should stretch your abilities but remain possible. And, every goal must have a target date, so that you have a deadline to focus on and something to work toward. 

DELPHI Analysis

The Delphi method is a forecasting process framework based on the results of multiple rounds of questionnaires sent to a panel of experts. This process combines the benefits of expert analysis with elements of the wisdom of crowds.

SWOT Analysis

SWOT analysis is a framework used to evaluate a company's competitive position and to develop strategic planning. The SWOT stands for strengths, weaknesses, opportunities, and threats. By understanding these four factors, companies can develop a better strategic plan. SWOT analysis involves internal and external factors, as well as current and future potential.

STAR

STAR is an acronym for a formula that stands for Situation, Task, Action, and Result. Determine the Situation and the Task you were asked to accomplish. The Action you took and the Results of your actions. 

GROW Approach

Before you become a leader, success is all about growing yours. After you become a leader, success is to help others grow. Therefore, one of the leaders' most important roles is to coach their people to do their best, helping them make better decisions, learn new skills, and otherwise progress their careers. The GROW Model is a powerful framework for structuring your mentoring sessions. The GROW stands for Goal, Current Reality, Options, and Will. "A good way of thinking about the GROW Model is to think about how you'd plan a journey. First, you decide where you are going (the goal), and establish where you currently are (your current reality). You then explore various routes (the options) to your destination. In the final step, establishing the will, you ensure that you're committed to making the journey, and are prepared for the obstacles that you could meet on the way."(the Mind Tools Content Team, 2022).

Summarization

To summarize, these terms are ineffective if you do not catch their core value or their spirit. Instead of seeing limitations as things we need to hide, we use them as a source of data for constant improvement. One of the most important things to learn as a leader is how to become insightful on individual and corporate levels because they are interwoven. Businesses frequently ran into obstacles in their daily operation. These great tools and terms provide the reasons and good equipment we need to gain even more energy and explored creative solutions rather than getting stressed out and frustrated we got excited. Too many people, including business leaders, are disconnected from their life experiences, either ruminating on the past or worrying about the future. These tools increase a leader's awareness and make it possible to develop a harmonious relationship with what's happening. Accept the situation rather than resist it. And, from a position of awareness and acceptance, a leader can mindfully influence a situation, rather than mindlessly react to it. I reckon that this is the essence of social responsibility. 

The goal for leaders is to think big with innovation. One of the most important things to learn as a leader is how to become insightful on individual and corporate levels because they are interwoven. The tools and terms mentioned above provide leaders with useful techniques to get to the point where global issues could be viewed from a collective point of view. Notice that strategic thinking applies to individual patterns of thought and action while corporate foresight refers to collective ways. When leaders try to secure a viable future, they have to take action and change the way they think.

Decisions | Tesla

Tesla is an American electric vehicle giant. It is famous for its innovative approach to the market. Tesla has emerged as one of the most discussed and analyzed companies among business enthusiasts. Its SWOT analysis of the very organization will reveal all the significant insights regarding every factor of Tesla's business model. For example, during its early period, Tesla has tons of outstanding debt which bring this innovation company huge financial uncertainty. If the company is unable to generate enough cash flow to repay its debt, then there is a risk of delaying expansion, reducing investments, or even selling assets. Therefore, Tesla decided to launch the Model 3, which is a more affordable version of the Model S with less range, power, and fewer features. It is an excellent opportunity for Tesla to expand the size of its audience market.

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References

Anasagasti, A. (2022, June 2). Tesla Swot Analysis (2022). Business Strategy Hub. Retrieved July 10, 2022, from https://bstrategyhub.com/tesla-swot-analysis/ 

Kenton, W. (2022, July 8). How swot (strength, weakness, opportunity, and threat) analysis works. Investopedia. Retrieved July 9, 2022, from https://www.investopedia.com/terms/s/swot.asp 

the Mind Tools Content Team By the Mind Tools Content Team, Team, the M. T. C., wrote, B. T., wrote, K., & wrote, M. (n.d.). The grow model of coaching and mentoring: A simple process for developing your people. Skills From MindTools.com. Retrieved July 9, 2022, from https://www.mindtools.com/pages/article/newLDR_89.htm 

the Mind Tools Content Team By the Mind Tools Content Team, Team, the M. T. C., wrote, Y., & wrote, M. (n.d.). Smart goals: How to make your goals achievable. Time Management Training From MindTools.com. Retrieved July 9, 2022, from https://www.mindtools.com/pages/article/smart-goals.htm 

Twin, A. (2022, July 8). What is the delphi method? Investopedia. Retrieved July 9, 2022, from https://www.investopedia.com/terms/d/delphi-method.asp 

What can aikido teach us about effective leadership? Sanger Leadership Center. (2020, March 31). Retrieved July 10, 2022, from https://sanger.umich.edu/news-1-2-19-ema-aikido/