All of us aspire to run a prosperous company. Managers and owners appear foresighted and smart when our firms are performing well, everything is going according to plan, and results are exceeding expectations. But as we all know, the most successful businesspeople don’t actually handle everything themselves.
Martin Hall, Head of Marketing at Honda Motor Europe, once said, “The single biggest area where managers may go wrong is assuming that it is their entire obligation to come up with a solution.” This is one of my favourite quotes.
I completely concur. We are in charge of the overall performance and success of our business, but when we focus too much on solving immediate problems, we lose focus and control.
Leadership, leadership, leadership.
Leadership abilities are crucial; you’ve heard it before. But have you really thought about this? Being infallibly correct and always understanding what to do are not prerequisites for leadership. No, effective leadership means fostering an atmosphere of respect and a space where innovative ideas are supported and given room to develop.
Without acting like a helicopter boss or feeling like you have to decide everything, you must facilitate the work that is being done below you. Begin by outlining specific objectives and standards, then delegating responsibility to your team. The appropriate people on your team will help you come up with solutions you never would have thought of and make the right decisions.
Hire the right people and delegating decision-making becomes easy
Smart hiring strategies are essential to maintaining the health and prosperity of our organizations. Learning about hiring strategies, interviewing techniques, and training procedures is one of the best things a manager can do. Having the top expertise in your field on staff might mean the difference between survival and failure. After all, who would you rather rely on—a star performer or a mediocre Joe—to guide your decisions and keep your company afloat?
Inspiring trust – and learning to give it
One of the pillars of transformational leadership is the capacity to arouse admiration and foster trust. Gaining the trust of your team will provide considerably better results than sending out constant requests and issuing orders like a drill sergeant.
The key to being a good leader is to grow your team and bring out the best in them. Even though you may have intended to achieve this, it may be challenging in practice. People are complicated, with a variety of goals and motivations in their lives. Over time, much bigger outcomes will be produced if you take the time to get to know your staff and understand what makes them tick. This will help people trust you more, and it will also give you the confidence to respect their judgement.
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