What do empathy, data analysis, team building, and transparency have in common? These are the principles that a modern leader must adhere to if he wants to achieve success.

Empathy on the part of a leader contributes to greater employee engagement in the work process. Today, a successful leader knows how caring for employees affects the business. When they are satisfied, they are more likely to be involved in the work process, and such employees are always more productive.

Making decisions based on data will give better results than intuitive insights. This means relying on analytics to guide every business decision. Data analysis will help you understand where your business is stumbling, as well as understand possible causes and propose solutions. Yes, sometimes intuition and entrepreneurial “gut feeling” are important. But only analytics provide a deep understanding of a particular issue.

It is difficult to achieve success without a working team. Previously, it was believed that creating, inspiring, and motivating a team made no sense. Success was achieved alone. Today, business leaders know they can achieve more by being a team player. Recruiting, building, and developing their teams is now a top priority for any leader.

Transparency can help build your leadership credibility. Corporate transparency is the commitment to keeping employees informed about what’s going on in your company, both the good and the bad. In the past, business leaders kept this information to themselves, sharing it only with a small circle of close associates. Today’s leaders understand that being transparent about your company’s goals and revenue makes your employees feel more valued. And being honest, especially during difficult times, will strengthen your leadership position.