Join our Waitlist for Expert Advice!

Are You a Good Leader? (Infographic) Running a small business requires strong and strategic leadership. Here are the skills you need to succeed today.

By Kate Taylor

Opinions expressed by Entrepreneur contributors are their own.

Once, it may have been enough for a company to find something that works and keep doing it over and over again. Today, in a marketplace of continual innovation and change, a company needs strong and strategic leadership to truly thrive. But what does strong leadership mean?

Fifty-three percent of corporations placed growth as their number one priority in 2013. To achieve this growth, companies have turned to ethical leaders to pave the path of innovation. Eighty percent of top-quintile companies aim to adapt ethics to changing business needs, while only 36 percent of bottom-quintile companies do the same.

Related: 5 Morning Rituals to Keep You Productive All Day Long

Along with ethical leadership, companies are in pursuit of leaders who can use their power wisely, manage crises and cultivate a culture of change. The infographic below, compiled by NEC's Online Master of Science in Project Management, offers key data and statistics on leadership in an evolving marketplace.

Check it out.

Click to Enlarge+
Are You a Good Leader? (Infographic)

Related: Thinking of Quitting? Remember, the Sun Will Rise.

Kate Taylor

Reporter

Kate Taylor is a reporter at Business Insider. She was previously a reporter at Entrepreneur. Get in touch with tips and feedback on Twitter at @Kate_H_Taylor. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

At 16, She Started a Side Hustle While 'Stuck at Home.' Now It's on Track to Earn Over $3.1 Million This Year.

Evangelina Petrakis, 21, was in high school when she posted on social media for fun — then realized a business opportunity.

Health & Wellness

I'm a CEO, Founder and Father of 2 — Here Are 3 Practices That Help Me Maintain My Sanity.

This is a combination of active practices that I've put together over a decade of my intense entrepreneurial journey.

Business News

Remote Work Enthusiast Kevin O'Leary Does TV Appearance Wearing Suit Jacket, Tie and Pajama Bottoms

"Shark Tank" star Kevin O'Leary looks all business—until you see the wide view.

Business News

Are Apple Smart Glasses in the Works? Apple Is Eyeing Meta's Ran-Ban Success Story, According to a New Report.

Meta has sold more than 700,000 pairs of smart glasses, with demand even ahead of supply at one point.

Money & Finance

The 'Richest' U.S. City Probably Isn't Where You Think It Is

It's not located in New York or California.

Business News

Hybrid Workers Were Put to the Test Against Fully In-Office Employees — Here's Who Came Out On Top

Productivity barely changed whether employees were in the office or not. However, hybrid workers reported better job satisfaction than in-office workers.