Leading in a New Economy - Tips Every Leader Should Know
March 10, 2010
The challenges of leadership in today’s economy are many.
Some are tried and true, while others are unlike any in recent history.
Regardless, leadership is what will separate the good from the great as our
country works to rebuild a thriving, stable economy. Today, businesses
everywhere are ramping up to come out of this recession stronger than before
and rise above the rest.
That’s why business leaders at all levels must assess their
current skill sets to make sure they can effectively lead their team to produce
positive outcomes for their departments and companies. “As the economy and
business market changes, it’s essential for business leaders to grow and
develop with it,” said Robert A. Funk, co-founder and CEO of Express Employment
Professionals. “Their success as a leader and as a company depends on it.”
These four tactics can be beneficial in that process.
Be Flexible.
Some managers believe they always have the answers, are
always right, and never need to compromise. But, today’s successful leaders
realize that a heavy-hand approach can be counterproductive. The best leaders
will be the ones who aren’t afraid to say “I’m not entirely sure, what do you
think?” or “Hey, let’s try something new and see if it works.” The changing
economy brought uncertainty to the workplace, so a flexible leadership style
can help navigate in this new business environment. Leaders who are open-minded
are more likely to capitalize on new ideas.
Delegate Tasks and Trust Others.
The truth is, most people learn by doing. And in today’s
workplace, it’s essential to allow others to grow within their career and take
on more responsibility. Most people in upper management worked hard to get
where they are by doing things themselves. So, they often rely on continuing to
do things the same way. But, effective leaders know how to trust others to help
them accomplish their goals and delegate tasks to team members. They understand
the importance of equipping their team members to accomplish individual goals.
Micromanagers will not only have difficulty thriving in this new environment,
but they may also lose valuable employees in the process.
Hire for Success.
Hiring for success means hiring based on skill sets a leader
lacks. Because a great leader knows their limitations, they’re not afraid to
admit their faults. In order for business leaders to achieve desired results,
they must put the right people in place. Employees who will compliment the
skills of the entire team. Being surrounded by the best employees will
ultimately be a boost to any leader – and will set the entire company up for
success.
Coach Regularly.
Mentoring employees has always been an important part of
leadership, but now more than ever, it’s a necessary ingredient for any
successful manager. Taking time to coach employees will result in higher
productivity and increased engagement. Many employees have worked harder than
ever this past year, and showing employees you’re invested in their career
development will foster loyalty and respect. Leaders, even those who generally
don’t consider themselves to be good mentors, will need to coach their
employees and help them develop their careers.
The time for leaders to step up and focus on being effective
is now. Those who achieve success will be the leaders who grow, develop, and
change with the new economy. By focusing on coaching, delegation, flexibility,
and hiring right, leaders will create a strong workforce that will outlast
their competition and create a company that will rise above the rest.
To find out about your leadership style, go towww.myleadershipinstinct.com, or contact your local Express Employment
Professionals office.
Brought to you by Express Employment Professionals
For More Information Contact
Sandi Weimer, PHR
sandi.weimer@expresspros.com
2201 Jefferson Street
Napa CA 94559
707.224.9252
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