The race for leadership between companies has never been more furious than today. With the help of new technologies, they build up their capacities in the hope of taking a leading role in the global market, but only few remain in power. Although technology gives all businesses equal opportunities for development, each company follows its own path.

Today, robotics, AI, and software development are viewed as the fastest growing technologies that allow for numerous digital opportunities and smart business solutions. According to statistical data, software development companies provided the largest amount of IT services through outsourcing in 2019.

This trend clearly indicates that every company tries to integrate technology into their business model to increase their potential, and stand out on the market.

Nevertheless, the most significant contributing factor influencing business growth is still the CEO’s performance and decision-making, which shapes the business’ development.

The list below explains five rules of a smart manager and how the manager’s activity defines the company’s performance:

1. Delegate Managerial Functions to AI

The rise of AI tools and software is not a threat to managers. On the contrary, AI-powered tools are an excellent opportunity for executives to shift their focus to bigger things, like a working climate or marketing strategy weaknesses. 

The use of AI chatbots, for example, allows managers to get rid of the need to control employee shift schedule, HR management, and other work processes because any of these functions can be easily fulfilled by AI machines that know every aspect of administrative coordination. As a consequence, managers can put their efforts into other equally important areas of work, such as problem solving, innovation, and strategy.

2. Stick to Sound Decision Making

With the expected progress of AI and machine-learning technologies, a good leader should strive to improve their decision-making process. In essence, all of these technological advancements can enhance a leader’s everyday routine by assisting them with monotonous tasks.

Therefore, executives should use this opportunity to revise their daily schedule and put an emphasis on those tasks that cannot be resolved successfully without applying human judgment.

With the help of artificial intelligence and machine learning tools, leaders can come up with subtle solutions and make strong decisions using their critical thinking, analytical, and judgment skills.

3. Don’t Downplay the Potential of AI

AI contributes to automated production and development. But it in no way diminishes the importance of managers in business. The biggest advantage of these technologies is the opportunity to spare workers from repetitive and monotonous tasks.

Since AI systems can supervise business processes from start to finish, managers have fewer reasons for anxiety.

They can spend more time thinking about ways to boost employee productivity through motivation or engagement. By improving the working atmosphere, managers improve employee performance and achieve faster results.

Related Article: 6 Reasons to Focus on Employee Engagement and Retention

4. Embrace Critical Thinking

In a world driven by AI and robotics, leaders should rely more on their creativity and intuition if they want to make a greater impact. Indeed, the all-embracing introduction of machine learning and AI tools is about to extend to many new industries and affect those jobs that are closely associated with monotonous tasks.

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However, those individuals relying heavily on their creative thinking and natural curiosity still have the same chances to climb new heights. This is because, in their current stage of development, AI-powered machines still cannot think outside the box. This is where modern leaders can show their utmost importance by utilizing their creative thinking for resolving problems of all sizes.

Robots, together with AI and machine learning tools, can be a good motivation for leaders to work on their creative thinking as one of their main links to a great career.

5. Treat Your Employees with Respect

Finally, no AI will ever manage to build cordial relations with employees. Despite the growing need for intelligent machinery at work, people still want to feel their importance and belonging in the community. It is vital for every person to realize that they make a meaningful contribution to the development of their company.

Smart leaders should demonstrate that they value the employees’ efforts and devotion to the company’s goals. This can be either in the form of different perks or simply some kind words about their work results when the opportunity arises. As an alternative, one can create a professional challenge, at the end of which, the best employee will get recognition and a little award.

What to Keep in Mind

Millennials are dependent on technology and rarely consider living without all the benefits that it provides, but they also suffer from its bad impacts, such as mental problems, lack of face-to-face communication, loneliness, etc.

A considerate leader should be mindful of these negative effects and plan their activities in a way that promotes business growth, but at the same changes employee mindsets. It is important to organize events that create a favorable climate where workers can feel relaxed and improve their social skills without feeling pressured by deadlines, workloads or AI superiority.

Needless to say, the business potential of Artificial Intelligence is tremendous for every business, but the executive still remains a driving force for positive changes in the organization.

With these five rules in mind, any leader can substantially enhance business processes and change the company’s future for the better.

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If you have ideas you feel like sharing that might be helpful to readers, share them in the comments section below. Thanks!

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Betty Lockwood
Betty Lockwood is a web developer, blogger, fintech expert and caring mother of two kids. She loves to write about new technologies, business news, traveling, and music events. Betty is also an editor-in-chief at a software development company. Follow Betty on Twitter.
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