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8 Key competencies for executives in times of crisis

By Jorge Cafferata

Partner - AHP Headhunting

During turbulence, crisis, and recession, market and business demands have undergone a significant transformation in recent years. The pandemic, as well as other challenges we have faced, has marked a fundamental change in the way we do business. In this context, companies, and especially their leaders, are forced to reinforce competencies in their employees, especially in leadership roles, adapting to a constantly changing environment.

1. Adaptability and multitasking: The ability to adapt to new contexts and the ability to multitask are crucial competencies in these times. Professionals must be aware of several important issues to perform tasks effectively. Resilience and adaptability become valuable assets to face challenges quickly and efficiently.

2. Innovation and digital transformation: In a world evolving towards digital transformation, innovation becomes essential. Executives must think creatively, embrace emerging technologies and lead digital transformation processes. The ability to efficiently use digital tools, from communication to management systems, becomes crucial to improve business efficiency.

3. Effective communication and leadership: Effective leadership involves clear and assertive communication. The ability to address employees in challenging moments becomes crucial, especially when communicating news that may not be positive. This requires communication styles that foster teamwork, promote emotional intelligence and maintain effective communication, even in union environments.

4. Time management and decision making: The ability to manage time effectively, prioritizing between the urgent and the important, is essential in a crisis environment. The ability to make quick and effective decisions under pressure becomes a key differentiator, avoiding major problems and contributing to effective problem solving.

5. Digital adaptation of profiles: Senior executives, although some have been involved in digital environments since the 1980s, must adapt to the digital acceleration of recent years. Constant updating and continuous learning are essential to keep up with the changing demands of the market.

6. Resilience to face challenges: Peruvian executives have shown remarkable resilience throughout the decades of crisis in the country. Their experience in facing diverse challenges, from economic crises to political problems, which seem to be permanent in Peru, has provided them with a solid foundation compared to other executives in the region. This experience allows them to anticipate and face challenges effectively.

7. Visualizing opportunities in crises: Crises are not only challenges, but also opportunities for evolution. Companies must understand changes in consumer behavior and adapt strategies accordingly. Reinvestment and reinvention are critical to succeed in an ever-changing marketplace.


8. Profiles fit for 2024: While this year presents significant challenges, growth projections for the coming year indicate the need for updated profiles and competencies. Total preparedness, continuous adaptability and a focus on constant learning become imperative for professionals and companies seeking to thrive in the future.

Finally, crises are opportunities for evolution and growth. They demand a broader skill set and a mindset geared toward constant learning. In an ever-changing world, those who adapt and evolve are the ones who lead the way to a successful future.

Source: Gestión Newspaper https://gestion.pe/opinion/ocho-competencias-claves-para-ejecutivos-en-tiempos-de-crisis-opinion-crisis-recesion-pandemia-empresas-ejecutivos-noticia/?ref=gesr