Once you attract the best and the brightest, the challenge becomes keeping them and effectively utilizing their skills to enhance and grow your business. Competitive benefits and compensation are great retention tools, but what about influences that transcend an individual’s bottom line, like leadership? As a strong leader, you can enhance both commitment and performance, as well as define the professional culture of your company.
Leadership plays an essential role in all successful organizations, from governments to Fortune 500 companies to baseball’s World Series champions. And, it has a place in your business. Professionals who are highly skilled rarely benefit from heavy-handed management, but strong leadership can inspire them. With motivated people working with you, you can focus on effectively sustaining your daily operations and affecting positive change for the future of your company.
You may achieve powerful results by demonstrating the following qualities and nurturing them in your practice:
- Defining short- and long-term objectives establishes direction for the business. When you communicate your vision, you create a culture of inclusion. People feel they have a stake in the future and a role to play in the company’s success. In this atmosphere, it may be easier to tap your human resources and develop strategies to accomplish your goals.
- While leaders benefit from having confidence in their abilities, arrogance can have an eroding effect on morale. In contrast, humility cultivates respect and fosters an environment where self-interest takes a backseat to shared objectives, where one person’s accomplishments are everyone’s success.
- It may be easier to motivate people when they trust your motives. One of the best ways to lead is by example, holding yourself to the same standards you set for others. People tend to thrive when they feel supported, when they feel you are rooting for their success rather than waiting for their failure. Make a concerted effort to acknowledge the contributions of others, maintain a consistent sense of fairness, and take responsibility for your actions and decisions.
Leadership styles vary, and successful strategies will range from business to business. The challenge often lies in recognizing and addressing the psychological aspects of the workplace. Energizing and mobilizing the people in your company with strong leadership will inevitably have a favorable impact on profitability and growth.