While Peter Economy has spent the better part of two decades of his life slugging it out mano a mano in the management trenches, he is now a full-time ghostwriter and best-selling author of more than 85 books — including Managing for Dummies, Everything I Learned About Life I Learned in Dance Class, and User Story Mapping: Discover the Whole Story, Build the Right Product — with total sales in excess of two million copies. He has also served as associate editor for Leader to Leader for more than 12 years, where he has worked on projects with the likes of Jim Collins, Frances Hesselbein, Marshall Goldsmith, and many other top management and leadership thinkers. Visit him anytime at petereconomy.com.
Do you care about the people you manage? Does your team feel like they can trust you and come to you with any problem? If not, it turns out there’s very little chance they’re engaged at work according to research by Gallup:
Out-group members often receive less time and more distant exchanges than their in-group counterparts. With out-group members, leaders expect no more than adequate job performance, good attendance, reasonable respect, and adherence to the job description in exchange for a fair wage and standard benefits. The leader spends less time with out-group members, they have fewer developmental experiences, and the leader tends to emphasize his/her formal authority to obtain compliance to leader requests. Research shows that out-group members are less satisfied with their job and organization, receive lower performance evaluations from the leader, see their leader as less fair, and are more likely to file grievances or leave the organization.
Non-profit Ushahidi has helped seed the fast-growing East African tech industry and reimagined what technology can do. Witness its crowdsourced mapping platform, which helps communities track everything from violence to floods.
Reward your hard workers with prizes. A prize, whether it’s the latest technological gadget or just a pair of free movie tickets, can give your employees the incentive they need to work hard, and will make them think you’re a cool boss.
If you are in the position to lead, you most certainly want to be a great leader. It’s an ambition that can take many forms: You may envision making an impact with your company or making change on a global scale.
Leaders solve a coordination problem. Thus, a ‘price leader’ may be a small firm but if it is considered to have a good understanding of the market, then its actions are followed by other firms in the industry and this behaviour may not trigger alarm bells for Competition Policy. A ‘dominant firm’ which is the price leader, on the other hand, is more likely to be manipulating prices for a strategic purpose so as to increase or exploit market power.
Excellence is its own reward, but excellence also commands higher pay–and greater respect, greater feelings of self-worth, greater fulfillment, a greater sense of achievement…all of which make you rich in non-monetary terms.
Or say you want to land 50 new customers. That’s your goal; your routine is to contact a certain number of leads per day, check in with a certain number of current customers, network with a certain number of potential partners…your routine is what you will do, without fail, that will allow you to achieve your goal. Follow that routine and faithfully meet your deadlines and if your plan is great, you will land your new customers.
What one person deems a successful pursuit might not be perceived the same way by his or her peers. This is because our personal goals are individual to ourselves. They are our own. They’re largely based on our likes, dislikes, wants, and needs. We are all unique individuals, and that’s why success looks and feels differently to each and every one of us.
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The video begins with Drake going up an elevator while Songz sings shirtless on the edge of a bed with Drake laying naked on the other side looking on. Drake then ends up on a balcony singing in front of the Toronto skyline. Both are shown in scenes contemplating intermixed with Songz joining Drake on the balcony. Subsequently scenes are shown of Drake and Songz riding through Toronto nightlife, along with the contemplative scenes, such as a young boy playing basketball in which Songz has an illusion that it is him, and little girl blowing a dandelion. The video ends with the skyline and a quote stating,
Be fun at team social events. Make sure to show up to team dinners and other social events first and to leave last. Show that you love being a leader of your team from start to finish. This will help you get to know your fellow players and to deepen your bond.
Van Wormer, Katherine S.; Besthorn, Fred H.; Keefe, Thomas (2007). Human Behavior and the Social Environment: Macro Level: Groups, Communities, and Organizations. US: Oxford University Press. ISBN 0-19-518754-7.
Leaders motivate team members through goal establishment, coaching, feedback and by providing ongoing developmental support. Although money is a component of why everyone works, other intangible factors like rewarding work and the presence of opportunities for professional development are powerful motivators, always assuming that compensation is fair. Effective leaders are constantly on the lookout for ways to tap into the drive and passion of their employees.
John Wooden, who won more NCAA basketball championships than any other coach, is a successful coaching leader. He had a very specific coaching model that focused on conveying information as opposed to course-correcting.3
Never forget where you’re coming from. Many people, after some success, bad-mouth where they come from. This is a sure recipe for failure in the future as the same ones you talk badly about now can be the ones who rescue you in the long run.
This LMX theory addresses a specific aspect of the leadership process is the leader–member exchange (LMX) theory, which evolved from an earlier theory called the vertical dyad linkage (VDL) model. Both of these models focus on the interaction between leaders and individual followers. Similar to the transactional approach, this interaction is viewed as a fair exchange whereby the leader provides certain benefits such as task guidance, advice, support, and/or significant rewards and the followers reciprocate by giving the leader respect, cooperation, commitment to the task and good performance. However, LMX recognizes that leaders and individual followers will vary in the type of exchange that develops between them. LMX theorizes that the type of exchanges between the leader and specific followers can lead to the creation of in-groups and out-groups. In-group members are said to have high-quality exchanges with the leader, while out-group members have low-quality exchanges with the leader.
We’ve discussed in detail why we become entrepreneurs in the first place, and the importance of deciding what goals we’re trying to achieve. Most will begin the journey with dollar signs in their eyes, or seeking some level of power. Many times these things are personal and selfish, but one who is seeking true success in their lives will be doing so not just to share with their friends, but more importantly their families.
Whether in fact a person is born a leader or develops skills and abilities to become a leader is open for debate. There are some clear characteristics that are found in good leaders. These qualities can be developed or may be naturally part of their personality. Let us explore them further.
A leader has to have experience in the trenches,andnotonlythat, but to also· have the confidence in himself and his subordinates to accomplish the necessary goals for success. That comes by looking at those under him/her as equals. Also , that person has to exude positive qualities and ambition to be the best one can be in whatever one hopes to accomplish.
1. Genuine. You need to be clear on what your values are and must be consistent in applying them. As part of that, you need to have the courage to hold true to them. You must not lose sight of reality. Lost values may be one of the biggest causes of downfalls.
Critical feedback—when administered right—can be powerful,too. When issues arise, talk about risks or details people might not have anticipated. Walking through these unforeseen challenges together can affirm your team’s thinking, which will build their confidence and, over time, make them less reliant on you.
“Research clearly shows that transformational leaders—leaders who are positive, inspiring, and who empower and develop followers—are better leaders,” explains psychologist and leadership expert Ronald E. Riggio. “They are more valued by followers and have higher performing teams.”
While both essence and form are important, they need to be in balance. Often, if there is no integration between essence and form, a credibility gap appears and trust becomes an issue. Integrity is the integration between who one is and what one does – essence and form.
Integrity is perhaps the most valued and respected quality of leadership and one of the most important management skills you need to attain. By saying what you’ll do and then doing what you say, you will build trust around your team.
Execute your small objectives, focusing on your main objective. Don’t find reasons to procrastinate. Jump headfirst into the challenge and start chipping away. You never know what problems will present themselves before you step into the arena.
Part of a leader’s remit is to set bold goals. They could take years to achieve, but they need to be specific enough that everyone in the organisation understands them, buys into them and is willing to work together to achieve them. Bold must also mean achievable.