Leaders of a CoE must possess a clear strategic vision. This involves not only understanding the current landscape of their specific domain but also anticipating future trends and challenges. A leader's ability to foresee market shifts, technological advancements, and changes in consumer behavior is crucial for the CoE to remain relevant and ahead of the curve. For instance, according to McKinsey, organizations that actively engage in trend anticipation and strategic foresight outperform their peers by 33% in profitability and have a 200% higher growth rate. This underscores the importance of strategic vision in leadership within a CoE.

Innovation is another critical component. The CoE leader must foster an environment where innovative ideas are encouraged, nurtured, and implemented. This involves creating a culture that values experimentation, tolerates failure as a learning process, and rewards creativity. Real-world examples include Google's '20% time' policy, where employees are encouraged to spend 20% of their time working on projects that interest them, leading to innovations like Gmail and AdSense.

Strategic vision and innovation also require the leader to be adept at securing resources and support from the broader organization. This includes advocating for the CoE's initiatives, demonstrating their value, and ensuring alignment with the organization's overall strategic objectives.

Operational excellence is paramount for a CoE. Leaders must ensure that the center operates efficiently, with streamlined processes that facilitate the smooth execution of projects and initiatives. This includes the adoption of best practices in project management, quality assurance, and performance measurement. A leader's ability to implement effective systems for tracking progress, measuring outcomes, and adjusting strategies is critical. According to a study by PwC, organizations that excel in project and performance management practices are 2.5 times more likely to successfully complete their initiatives than their peers.

Performance management within a CoE involves setting clear objectives, defining key performance indicators (KPIs), and regularly reviewing progress. This ensures that the CoE remains focused on delivering tangible value to the organization. Leaders must be skilled in analyzing performance data, identifying areas for improvement, and making informed decisions to enhance efficiency and outcomes.

Furthermore, operational excellence extends to talent management within the CoE. Leaders must be adept at attracting, developing, and retaining top talent. This includes creating a positive work environment, offering opportunities for professional growth, and recognizing and rewarding contributions. The success of a CoE heavily relies on the expertise and motivation of its team members.

Effective leadership in a CoE also requires strong collaboration and influence skills. CoEs typically interact with multiple stakeholders across the organization, including senior management, functional departments, and operational teams. Leaders must be able to build and maintain strong relationships, foster cross-functional collaboration, and effectively communicate the CoE's vision and value proposition. This includes the ability to influence without authority, persuading and garnering support from stakeholders for CoE initiatives.

Collaboration extends beyond the internal organization to include external partners, industry groups, and research institutions. Leaders of CoEs must be adept at navigating these external relationships to leverage external expertise, access new technologies, and stay abreast of industry developments. For example, IBM's Watson CoE has formed strategic partnerships with leading academic institutions and healthcare organizations to advance AI research and applications in healthcare.

Influence also involves change management capabilities. Leaders must be skilled at driving change within the organization, overcoming resistance, and ensuring that CoE initiatives are successfully implemented and adopted. This requires a deep understanding of organizational dynamics, effective communication strategies, and the ability to inspire and motivate others towards a common goal.