From Seattle to Singapore, top managers show leadership by coaching their teams to success. They accomplish goals with five habitual philosophies.
Certainly, they have numbers to crunch, products to market and customers to satiate. Along the way, they have to be detached from distractions and not be narcissistic.
They know the road to success can only be driven with motivated employees. That means to achieve goals they visibly lead through change, communicate well and understand their employees.
In essence, they succeed with agility and efficiency. Specifically, how do they do it?
Top managers are adept at implementing five philosophies:
1. They advocate a minimal bureaucracy
They don’t over-staff. They only hire for communication skills and overall competence, which means they can confidently delegate to high-performing employees.
This helps avoid mundane routines, unnecessary meetings and reports with extraneous data.
2. They instill a culture prepared for constant improvement
By having a company-wide culture of flexibility, their organizations adapt to ongoing challenges. Employees enthusiastically support new initiatives.
The salient benefit: This means the workforce doesn’t go into shock over new initiatives.
3. They make use of Pareto’s Principle
Italy’s Vilfredo Federico Damaso Pareto – who lived from 1848 to 1923 – was an engineer, sociologist, economist, political scientist, and philosopher.
Initially, Pareto’s Principle – known as the 80/20 rule – concluded that only 20 percent of Italians owned 80 percent of the wealth. That led to the idea that a minority – 20 percent of inputs – result from 80 percent of results.
For example, 20 percent of customers give you 80 percent of your revenue; or 20 percent of employees produce 80 percent of results.
Leading managers set objectives according to Pareto’s Principle. They identify and monitor the best metrics for success.
“A leader is a dealer in hope.”
4. They are approachable
This is an important aspect of communication. Great bosses are accessible, especially during change. They participate in meetings to dispel rumors and to calm employees to build confidence among their workforce.
They are transparent. They communicate with their staffs even when they don’t know answers, and they possess the skills to deliver bad news well.
5. They astutely capitalize on individual talents
Great managers understand their employees’ personalities and skills to maximize processes. They determine objectives and processes in tandem with the unique talents of their human capital.
With smooth-running work flows, this also means they more easily coordinate aspects of change programs.
From the Coach’s Corner, more leadership in management tips:
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Finance Checklist for Strategic Planning, Growth — Strategic planning in finance for growth means avoiding trendy fads. Instead, it requires an ongoing down-to-earth approach in order to create value. Here are seven steps.
7 Thought Leadership Tactics for Strong Performance — For a company to achieve strong performance, its culture and employees must be aligned with business strategy to provide value. But more and more, it seems employees can’t even articulate business strategy. Therefore, management must identify and communicate effective programs that are aligned with employee behavior in order to blaze new paths and fuel business growth.
Executives Target 5 Technology Threats to Company Value — Corporate executives see new strategic risks as a result of technological changes — from big data and cloud computing to social media — according to a 2013 global Deloitte survey. Deloitte queried more than 300 executives, risk managers and board members — 81 percent said their strategic-management focus has evolved with technology.
4 Strategies for CEOs to Win Their Cyber Security Tug of War — The cyber security tug of war is never ending even though chief executive officers and board members now get the importance of protecting their companies’ information assets. They’ve learned to fear cyber-security threats because they could lose their jobs. If this is all true, why then are there incessant, worldwide cyber attacks?
“A leader is a dealer in hope.”