Business experts say that leadership is a virtue, which requires regular development and improvement. Such consistent changes give you the confidence and authority you need to manage a successful team. The sentiments have also been backed up by evidence from numerous research papers from management experts.
Have you been looking for sure ways to develop your leadership style? If yes, the following are three tips that would help you advance your leadership ability.
The tips were suggested by experts from James River Capital Corporation, a financial advisory that collaborates with a team of financial experts to provide valuable insights into management strategies. Since its inception, the company has specialized in Investment management, commodity trading, and financial advisory. James River capital was founded by Paul Saunders, a financial expert based in the US. Learn more: https://vimeo.com/272365860
- Lead by setting an example
While most managers think that their work is to issue commands to their employees, savvy ones lead by setting an example. They behave the way they want their employees to act.
The strategy eliminates their employees’ inferiority perception. In addition to removing the inferiority perception, the leadership style increases employee morale. Facebook has been using this leadership style to manage its workforce.
- Create an atmosphere that lets your employees express their concerns
Reliable business studies show that over 85% of workers hold back critical information, which could improve an organization’s productivity. Most of these employees choose to keep the ideas since they don’t relate well with their managers, or they fear that some views may land them into trouble.
If you wish to reap from your employee’s ideas, James River Capital experts propose that you need to create an atmosphere that fosters open and transparent communication. The tactic will give your employees the psychological safety they need to share their challenges and escalations.
Besides fostering an open door policy, you should learn to listen, and react reasonably to your employees’ views. The strategy would help you acquire essential ideas that would lead to creativity and decisive engagements.
- Meet your employees
James River Capital’s leadership experts say that holding regular meetings is another exceptional way to advance your leadership game. The strategy unites your team members, and it gives them an opportunity to air out and find collective solutions to their shared concerns.
You should make sure that each member of your team gets an equal chance to express their views. You may want to look for intelligent ways to encourage quiet members to voice their opinions without making them uneasy.
Apart from giving your employees an opportunity to air their grievances, you can use the meetings to align your organization’s vision. You would want to share your teams’ achievements, its failures, as well as practical solutions to the failures.