Leadership and management are very important part of any organization.
Leaders are supposed to do the job of creating a vision, guiding and directing, dealing with incoming issues, monitoring budgets and, perhaps above all, acting as a mentor to their team.
A leader’s job is very demanding as it is, but there are also a number of particular challenges leaders often have to deal with. Let’s take a look at the most common issues. Continue reading
The Speed Of Business Is Increasing
The speed of business seems to get faster and faster.
Because of this, it is all too easy to focus on the here and now and to forget the systematic issues within a business that actually are at the heart of long term success. Leadership development is one of the areas that often could do with a lot more attention. The impact of having great leaders is a critical element to any company’s success and spans across an entire organization, including employee well-being, improved engagement, employee satisfaction, retention and productivity.
Companies face an increasing number of challenges today such as globalization, competition, continuous innovation, new technology and leadership gaps at all levels. But the bottom line of any organization will be massively improved with a strong emphasis on leadership development. Luckily, awareness of this is being raised and there are now various models of leadership development that are getting increasingly popular. Let’s take a look at some of these.
Never Stop Learning
Leaders should never stop learning. They should always be focused on becoming even better at what they do, so they can motivate their staff better, help them become more productive and generally take an organization to the next level. This is achieved in a variety of different ways. Training, both formally and informally, is very important, for instance. However, it is just as much about self-improvement and self-assessment, which is something leaders should do of their own volition. Let’s take a look at some of the essential things to know about self-improvement.
No Magical Recipe For Success
If you have a business, you will want it to be a success. However, actually achieving this is really hard and many of us don’t know where to start.
What is success? And why is it that some companies seem to grow and grow and become conglomerates like Virgin, whereas others seem to work equally hard and have the same passion, but go bust? There is no magical recipe for success, but there are a number of things that you can do and look for in your own company to increase your chances. Let’s take a look.
The Impact of Superior Leadership
We know that effective leadership is critically important. We understand that it impacts the way companies are run, and how productive and profitable they are. However, we also know that confidence in leadership is at an all-time low and continues to drop. Not only is this visible in employee surveys, but also in the turnaround of managers in the workplace. On average, a senior manager only stays in their position for 7.6 years, down from 9.5 years in 1995.
Some experts are now suggesting that this is due to the fact that although we know that we need to develop our leaders and managers, we don’t know how to do this. Leadership development is a multi-million dollar industry, but one that focuses on the wrong issues. In fact, some would go so far as to say that these businesses are not about improving management, but rather simply about improving their own bank balance. Let’s take a look at the biggest mistakes made in the industry.