Leaders motivate their teams towards the successful completion of objectives by communicating established interpretations, sharing knowledge and skills to encouraging teamwork and leading by example.

 

Leadership competencies and skills include emotional intelligence, resilience, and effective communication. Asset Management leaders also need to take a transformation approach to encourage creativity and innovative thinking. Transformational leaders inspire and motivate people to embrace positive change and to continually improve the organisation’s Asset Management system.

 

Leadership can be assigned, via a role in an organization, or assumed, by an individual wanting to add value to their organization. On that basis, all members of an organization could have some degree of Asset Management leadership. However, people will naturally look to senior management for commitment in delivering Asset Management objectives that support and enhance their own leadership responsibilities.

 

Effective Asset Management leaders drive an Asset Management culture and supporting behaviors by engaging with people. They manage the continuity of competence and talent with a view to achieving Asset Management objectives. They also understand generational intelligence and recognize that there may be different approaches to work across the generations within their organization.

 

For Asset Management to be successfully established, operate, and continuously improve, employees need to understand the objectives, and their role in achieving them. This requires leadership commitment from all levels of the organisation’s management.

 

Leadership enables teamwork to be translated into planned results and the achievement of excellence. Sustainability of Asset Management has clear alignment between the organisation’s strategic plans and the Asset Management activities delivered by employees. This alignment provides assurance that everybody understands how they contribute to achieve success in Asset Management.

 

Leadership commitment is required to develop the organization based on the effort and competencies required to meet the needs of the organization and remove the barriers to effective Asset Management.