In a world seeking positive change and progress, there are individuals like Mikael Hoier who stand out as transformational business leaders. Inspired by the vision of creating a better world for future generations, Mikael embarked on a journey to lead and shape the business landscape in a way that fosters growth, happiness, and inspiration for all. Let’s delve into his insights and experiences that have shaped him into the influential leader he is today.
Inspiration to Become a Transformational Business Leader:
For Mikael, the driving force behind his transformational leadership lies in the desire to make the world a better place for future generations. He firmly believes that leaders, companies, and the world at large must adapt and evolve beyond the traditional ways of the past decades. One core aspect of his leadership philosophy is to witness the growth and development of people, nurturing their potential, and celebrating their success. He believes that true success as a leader comes from empowering others to achieve their fullest potential, creating a harmonious cycle of inspiration, success, and happiness within the organization.
In his journey to becoming a transformational leader, Mikael faced the challenge of learning to delegate responsibilities and trust others with crucial tasks. Recognizing that he cannot do everything alone, he learned the value of investing in delegation, guidance, and support for his team. Emphasizing the long-term benefits of empowering others, Mikael encouraged his team members to step out of their comfort zones, enabling them to grow and excel in their roles.
Defining Transformational Leadership:
For Mikael, transformational leadership is all about adaptability and responsiveness to changing needs and circumstances. He understands the significance of acting swiftly and decisively, aligning with market demands without compromising the core values and strategies of the company. Embracing change as a constant, he ensures that his organization remains flexible and open to innovative ideas.
Successful Transformation Project Impact:
During the COVID-19 pandemic, LOWENCO, under Mikael’s leadership, faced numerous challenges due to the global restrictions. However, the team’s unwavering spirit and dedication led them to successfully complete all projects on time, ensuring that critical equipment for the pharmaceutical industry was delivered promptly. This achievement showcased the strength and resilience of LOWENCO and instilled a sense of gratitude and camaraderie among the team members.
Staying Updated with Industry Trends and Innovations:
To remain at the forefront of industry trends, Mikael keeps a close connection with clients, regularly seeking feedback from both clients and the sales team. He attends exhibitions and visits clients, ensuring that he stays well-informed about the latest developments and demands in the market.
Mikael believes in creating an open and honest work environment, where everyone feels encouraged to share their ideas and opinions. He advocates for a learning culture, emphasizing that mistakes are stepping stones to innovation and creativity. By involving relevant stakeholders early in the process, Mikael fosters a collaborative atmosphere that breeds new ideas and solutions.
Balancing Stakeholder and Shareholder Needs:
With a strong and supportive Board of Directors and Chairman, Mikael ensures that he is well-aligned with the business understanding and directions. By maintaining regular communication and sharing ideas, they collectively make decisions that balance the needs of stakeholders and shareholders.
Team Building and Talent Management Approach:
Recognizing the importance of a cohesive team, Mikael promotes a sense of camaraderie and understanding among his staff. He values talent management and development, knowing that a company’s strength lies in the collective abilities of its employees.
For Mikael, the ultimate measure of success for transformation initiatives is the satisfaction of clients. He focuses on client-centric strategies and values feedback from clients and employees alike to gauge the effectiveness of these initiatives.
Handling Resistance to Change:
Mikael tackles resistance to change by maintaining transparency and involving the staff in discussions and decision-making processes. By highlighting the necessity of adapting to a rapidly changing world, he encourages a culture of continuous development and progress.
Ensuring Organizational Agility and Adaptability:
To keep the organization agile and adaptable, Mikael stresses the importance of transparency, accessibility, and open dialogues. By ensuring that everyone understands the company’s goals and values, he fosters a sense of ownership and alignment within the organization.
While Mikael acknowledges making difficult decisions that challenge the norm, none stands out as particularly remarkable. His leadership style revolves around practicality, transparency, and maintaining a strong sense of responsibility towards the company’s values and mission.
Preserving Values and Mission During Transformation:
To maintain the organization’s values and mission, Mikael actively involves employees in embracing and embodying these principles. Through open discussions and workshops, he ensures that the values are not just words on a wall but lived and breathed throughout the company.
Incorporating Sustainability and Social Responsibility:
Sustainability and social responsibility are at the core of LOWENCO’s DNA. The company’s values and mission embody these principles, and they are actively incorporated into the business strategy. LOWENCO is working diligently to achieve ISO certifications and aligns its efforts with the UN Sustainable Development Goals.
Advice for Aspiring Transformational Business Leaders:
Mikael’s advice to aspiring transformational leaders is to stay true to themselves, develop and empower their team, and take responsibility for their own personal development. He emphasizes self-awareness, understanding oneself before leading and developing others, and constantly striving for growth and progress.
In conclusion, Mikael Hoier’s journey as a transformational business leader showcases the importance of empowerment, adaptability, and the pursuit of a greater purpose in driving positive change. His commitment to sustainability, social responsibility, and fostering a dynamic work environment serves as an inspiration to both current and aspiring leaders. Through his leadership, Mikael Hoier continues to shape a better future for his organization and the world at large.
