Exactly how leadership styles can affect company performance

Exactly how leadership styles can affect company performance

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Do you want to progress towards a management position? Here is why you must think about having a mentor.

If you're preparing to chase management or leadership positions in the future, one of the best strategies you can utilise is shadowing a terrific leader in your organisation. While theory is constantly an excellent basis for obtaining understanding, useful experience reigns supreme when it comes to picking up new skills. In the context of leadership, make sure that you find a mentor that knows you personally and validates what you wish to achieve. Your mentor can be your line manager, an executive person that you have a good relationship with, or even a family member. This experience can really help you develop crucial leadership traits as you would be learning first-hand from someone who has actually invested years and even decades in a position of management. People like Peter Hebblethwaite of P&O would likely agree that shadowing effective leaders can be a fantastic learning experience to help young leaders develop the ideal skillset.

Creating the very best management method depends on factors like personality type, the size of the business or group you will be managing, and the market within which you operate. For instance, strategic leadership is most ideal for businesses that are looking into growth and expansion opportunities. In this context, a strategic leader is anticipated to create business growth while at the same time managing the day-to-day business to ensure stability and consistency. For smaller sized businesses that follow a purely technocratic design, a laissez-faire management method can be most effective as each staff member would cover their area of know-how with very little interference from senior management. Regardless of the model chosen, to make sure the success and resilience of any organisation, leaders need to set out some objectives at the start of each year as this is a guaranteed way to increase performance. This is something that people like Gianni Onorato of MSC Cruises will understand.

Management is a continuous learning curve that is often characterised by consistent adjustments and enhancements to one's management approach. Much like any other ability, becoming a much better leader indicates equipping yourself with a myriad of leadership qualities that can help you contribute to the development of your organisation and the development of direct reports. For instance, individuals like Katie McAlister of Cunard would likely confirm that participating in honest and open interaction is one of the most essential cornerstones of good management. This is since having an open line of communication with your personnel would encourage them to be more transparent, which in time develops trust and boosts general morale. Beyond this, leaders must make an effort to connect with their direct reports and cultivate a sense of unity within the team. This could be attained in different methods but participating in team building activities is commonly viewed as the most efficient.