Tag Archives: Competitive Advantage

Is Your Leadership Limiting Your Organizations Ability to Grow?

Leadership capacity is more than simply skill development; it’s about performance, growth, transformation and change. For the purpose of our discussion in this series of articles, let’s define it as;

 

“Leadership Capacity is the skilful use of leadership attributes for the growth and development of ourselves, our colleagues and our organization”.

 

Great leaders not only understand how to engage and inspire their teams to get the best results – they understand the need to create participatory and collaborative processes that develop the abilities of the next generation of leaders.

Leadership lays the groundwork for success

Successful companies do not happen by accident. They are the result of building effective leadership capacity and an awareness and willingness to take the necessary steps in identify internal talent and nurture them into the leaders of tomorrow.

Leadership lays the groundwork for success in 3 key ways:

 

    1. Builds an internal development system: Not unlike a great sports dynasty with a deep pool of talent in their farm teams, strong leaders foster leadership in all levels of their organization. When leadership capacity is developed at all levels of the organization, it creates a farm system of future leaders that will be prepared to move up and take on new challenges, preventing the organization from experiencing a future leadership gap. Internal leadership capabilities also create a rich internal resource of new and innovative ideas that management can consult when charting out the future of the organization.
    1. Creates a competitive advantage: Companies that invest in leadership development are the minority. Organizations and their leadership get caught up and focus on the day to day operations of the business – the most pressing issues that drive short term results. They forget to invest time in the future because the ROI is less obvious. When this happens, it is the long term vision and growth potential that tends to suffer because of gaps in leadership transition. If your organization is one of the few that consistently commits to developing internal leadership capacity and is constantly producing future leaders, you will have an advantage over competitors – not only because ideas and innovative thinking are constantly being revitalized, but also the ability to attract the best new talent that can be developed into future leaders.
  1. Fosters innovation: Leaders at the top of the organization need to intentionally gather information from across the organization. To consistently have the ability to grow and stay fresh with your thinking you need leaders at all levels of your organization that are able to evaluate activities and provide honest feedback based on understanding the vision and values of the organization. When employees are given additional responsibilities and the ability to make decisions, this puts them in a position to expand their capabilities, grow as an employee, and develop their skills – which leads to new insights, perspectives, and efficiencies that benefit the broader organization as well.

 

Leadership elevates your ability to grow

Leadership has a direct impact on your company’s ability to grow. While much of the attention about leadership is focused on the leaders at the top of the organization, it is the leaders at the mid-level and front line that have the greatest direct impact on growth.

No matter where your leadership development is as an organization, here are 4 critical elements to consider when evaluating the overall leadership capacity and culture within your organization.

Establish and communicate a clear direction: Strong leaders communicate a vision that inspires and attracts people with shared beliefs and values. Having a clear direction ensures that the correct infrastructure, resources and people are in place to advance the growth process. A clear direction also provides leaders with a measuring stick they can use to gauge decisions, strategy and future planning. A clear direction, clearly communicated is also a highly effective recruitment tool for other top performers.

Define goals and objectives: Leaders that clearly lay out the specific goals and objectives not only for the organization, but for each department, project, and employee make it easier for employees to commit to those outcomes. Everyone needs to be clear on what success looks like in the organization. Leaders that define what needs to be done will have greater success gaining the desired results from their people.

Set standards of behaviour: Outcomes are important – but by themselves can be detrimental to the organization if the “how” is also not clarified. Great leaders understand that leadership starts first through the behaviours they model; however, true leadership capacity is more than simply leading by example. Leaders must create a working environment that fosters and rewards desired behaviour in addition to the desired outcomes.

Embed continuous improvement into your culture: Many organizations are pretty good at the first 3 elements – but fall down in the area of continuous improvement, which is the most critical. This only occurs when everyone in the organization is committed to building their own leadership capacity and helping the organization grow and evolve based on people willing to providing input from across the organization.

If the organization only has direction, goals and behaviours – without the consistent, positive tension of personal contribution and improvement, senior leaders lose the benefit of the wealth of ideas from less senior leaders across the organization. Resultant, the farm system is not strengthened and the flow of innovative thinking is stifled.

What can leaders do tomorrow?

Building out your leadership capacity must one of your prime objectives. Without building your personal leadership capacity, you will inhibit both your personal and companies’ ability to change and grow.

Leadership impacts performance and performance impacts growth. Growth will not happen if people do not perform. Effective leadership builds more effective people, teams, and organizations. When leadership is present at all levels it helps to accelerate business results and makes it possible to fire up change and growth.

Consider this information and think about how it applies to you as a leader and your company. Think about the current state of your leadership and think about ways that you can put yourself in a position to be a better leader and achieve change in your organization – even from the bottom up.

Bill Hogg: Performance Excelerator | Leadership & Employee Engagement Expert| Professional Speaker

Bill is recognized as the Performance Excelerator because of his uncanny ability to navigate change and transform organizations — and measurably improve bottom line results.

Senior leaders hire Bill to influence and inspire higher performing, customer-focused cultures that create long-term, profitable relationships with your customers and excelerate performance, productivity and profits with leaders and employees

For over 30 years, Bill has been a trusted adviser to senior leaders at national and international clients. By drawing on real-life experience, his message is inherently credible and incorporates practical applications that change attitudes and behaviours.

Whether working with boards or operations teams and employees, his no-excuse approach breaks down the silos and gains consensus and clarity throughout the organization.

Bill Hogg provides dynamic keynote presentations, transformative workshops, high stakes facilitation and world class executive consulting.

For additional information email bill@billhogg.ca or visit online at http://www.billhogg.ca where you can download Bill’s 1-sheet or access more articles.


Article Source: https://EzineArticles.com/expert/Bill_Hogg/217905

 

Leadership Strategies – 3 Ways to Maximize Leadership Potential

CEOs and managers can maximize their leadership potential by breaking three common myths. Few leadership strategies are as important as uncovering the potential within the organization to maximize the leadership potential of the executive leadership. Break these following myths and leadership skills within any organization will increase.

Are you a real student of leadership? How effective is your leadership? The answer boils down to breaking three main myths to increase leadership ability.

Myth 1 – Many believe falsely that ability alone is enough for leadership. This myth causes some to not fully develop their potential. Practice is key in strengthening talent in arts, music and sports, so why not in leadership? Most artists develop their talent by taking art lessons in drawing, sketching or painting. The musician learns how to play beginner levels of music before he/she can play advanced. The athlete practices for hours before he/she runs in the Olympics. Therefore, a leader must practice his/her leadership to advance to the next level.

Myth 2 – Smart people are leaders. If only smart people were leaders then how come many lead without any formal education? Now, this point is controversial because of how leadership is defined if defined only by having a degree. In the political arena of leadership most leaders hold degrees. For example, Past President George W. Bush had an MBA from Harvard Business School, Cheney a M.A. in political science, Colin Powell a Bachelor’s degree in geology, etc. Therefore, this provides strong evidence that leaders are educated, so that leadership is the mastery of smart people. However, in the celebrity arena many are leaders without the same level of education. For example, Barbara Streisand only completed high school, Cher dropped out in 9th grade and Julia Roberts only completed high school. Yet, each of these celebrities led others.

The controversy comes from the idea that a degree is equivalent to being smart. Does not experience also account for an increased emotional awareness? Obviously, the answer is yes because leadership is a combination of many factors. The underlying point from the contrast of political leadership and that of celebrities is what one does with his/her smartness. Both the political and the celebrities had to break myth 3 for successful leadership.

Myth 3 – Leadership is handed out and comes naturally. Some people will point to those who inherit money, position and power and state that they were natural-born leaders. Yes, these were born into a position of leadership but that does not necessarily mean that they had the attributes to lead. Each had mentors, intelligence-gatherers and fact-finders to discern their landscape to position or leverage themselves and their followers.

A real student of leadership will accept three keys to advance their leadership potential from these broken myths.

Key 1 – Leadership qualities need to be strengthened with practice. This requires dedication. The leader must lead, must have conviction that his/her way is right. Others can question, become disillusioned, reject the leadership but the leader remains steadfast and knows the way.

Key 2 – Leadership is maximized with information gathering, fact finding and thorough understanding. Persuasive arguments are won with facts. A leader knows how to convince others without threats or violence but with the arm of truth.

Key 3 – Leadership potential can be built. To desire to lead is to desire a desirable end. Leadership is respected. Leadership is applauded. Leadership is required to help others. Leadership is required to make this a better world. Leadership is required to provide hope. Leaders must want their role. Leaders must live their role.

Corporate executives gain when they learn new strategies and techniques because new information provides additional insights which helps make stronger decisions. When leaders learn new leadership skills to strengthen their executive leadership they gain a strong competitive advantage because these new skills help them be better communicators. Leadership skills helps them build on their potential and develop techniques to add to their talent pool.

Loreen Sherman is an expert on organizational leadership development. Get your Modular Skills Package at [http://www.star-tingpublishing.com]. Invite Loreen to speak on leadership development today.


Article Source: https://EzineArticles.com/expert/Loreen_M_Sherman/1120880

 

Motivation – A Transformational Leadership Skill

How many times have you awakened in the morning and did not want to go to work? But you went in anyway, not because you wanted to or had to, but because your commitment to the organizational goal and the leadership was important. That is the effect of transformational leadership, it motivates you not only to believe in the vision, but also to commit and stay the course until the goal has been attained. The ability to motivate, inspire, and coach followers to want to go the extra mile and find the energy to attain or maintain competitive advantage in this global economy is not an anomaly, but a necessity. Combine these characteristics with the ability to set a clear direction and create an organizational culture where everyone is aware of their contribution, and you have a recipe for success.

How do we define transformational leaders?

Over the last two decades there has been an emergence of a relatively new leadership theory known as “transformational” leadership. A transformational leader not only formulates and articulates a vision, he/she also delegates responsibility, assigns accountability and develops their followers. Researchers such as Titchy and Devanna identified transformational leadership as “when a leader transforms, or changes, his or her followers in three important ways that together result in followers trusting the leader, performing behaviors that contribute to the achievement of organizational goals”. Lewin’s study on leadership shows that this leadership style is the most practical, because the leader not only transforms the organization, but the followers and themselves. A Transformational leader offers guidance to followers, participates in the group as a follower and requests input from members, As a result, followers are more engaged in the process, better motivated and creative.

Shamir, House and Arthur in their article for the Journal of Organization Science concurs with Titchy and Devane, but adds that a transformational leader enhances follower emotions with respect to the vision and goal, instills an emotional attachment through trust and confidence in their leadership. Transformational leaders are leaders as well as colleagues that collaborate with their team and disseminate information and communicate feedback on a timely basis because their focus is on changing “the needs, values, preferences and aspirations of followers from self interests to collective interests”, continues Shamir, House and Arthur on the development of the different ways in which transformational leaders strive to refocus followers intrinsic motivation.

Motivation: What motivates people?

Motivation is a collection of learned attitudes and beliefs suggests Success Performance Solutions, a Consulting firm in Lancaster, PA. Or the manner in which an individual is driven towards a goal, what keeps one going even in the face of adversity, the reason one sticks to a leader or gives a little more to a project. Psychologists often refer to the motivators as the initiators of behavior because they give us a sense of satisfaction and accomplishment. They add depth and breadth to behaviors by providing insight into “why we do what we do.” While, most behavioral theories include motivation as a function of primary drives such as hunger, sex, sleep, or comfort. Weiner points out that behavioral theories tend to focus on either intrinsic (fundamental) or extrinsic (inessential) motivators which have also been associated with arousal, attention, anxiety, and feedback/reinforcement.

Motivation is commonly defined as getting people to do what you want them to do, either through persuasion (getting their cooperation) or incentive (monetary reward). There are a multitude of positive and negative motivators and it is a pivotal concept in most leadership theories. Traditionally, leaders use power as a form of motivation either through coercion or influence. Transactional leaders on the other hand use more than rewards to motivate employees. This leadership style is not a style that has a blame factor when goals are not attained or plans go wrong; rather this style is useful when leaders trust and have a high level of confidence in his/her followers.

Individuals and corporations use motivators for goal setting, leadership development and organizational culture. The incentives are seen in Ames and Ames’ cognitive theories which deal with intrinsic motivation such as goal-setting acts and goals (personal or organizational).

Studies indicate that motivators are flexible and vary depending on the structure and culture of the organization. As a result this allows employees to adapt to the motivational system of an organization. Alderfer’s ERG Theory, states that the motivation for achievement is a function of an individual’s self actualization.

The types of motivators (financial or status) are clearly defined by Hull’s drive reduction theory. Tolman states that an individual’s crucial drive is an intrinsic motivation creating an internal state such as wants or needs. The rewards and recognition (monetary and nonfinancial) persuade individuals to pursue their goals by aligning their personal goals with the goals of the organization. Transformational leaders need to be aware that, motivators are not only in the form of monetary rewards; they also encompass the goals that people want to attain including experience benefits, organizational position (title), and career opportunities such as coaching and mentoring. McClelland’s Theory explains that motivators are a reflection of personality characteristics that are acquired through experiences, expectancies, and achievements. Thus, as individuals grow and change, the motivators use by the leadership must also change in order to satisfy their needs and wants.

The fit: leadership style and organizational structure

William Quisenberry wrote in Helium that “Motivation is essentially described by the textbook as ‘the extent to which persistent effort is directed towards a goal.'” Essentially, it is important for leaders to understand the different forms and characteristic values of motivation theories, and how to properly implement them in their organization. He defines four approaches to motivation and their emphasis on management practice: paternalistic approach, scientific management approach, participative management, and the combination approach.

A leader will find him/herself instinctively switching between styles and motivators in accordance to not only the people but also the organization. This is often referred to as “situational leadership” indicates Gary Neilson and Bruce Pasternack of Booz Allen Hamilton, a global consulting firm. They continue that there is a reason some companies succeed and others do not and that the ability to achieve results is not an accident but the combination of the correct leadership style for the organizational structure and culture. The combination discussed motivation and behavior in work organizations, which includes; drives, needs, outcomes, satisfaction, extrinsic rewards, performance, and influences.

Results: the combination of a transformational leader and the right motives?

During their tenure leaders must confront one of the most important issues asking an important practical question, “What leadership style(s) work best for me and my organization?” The answer to this question lies in the understanding that there are many styles and theories to choose from. A major factor in leadership development is to consider developing a new leadership style which combines more than one style in order to deal with not only the culture, but also the high level of diversity of employees.

Followers do not automatically accept new leaders. One reason is the element of the unknown. There have been countless examples of leaders taking over a new organization or group and their failures because they did not take into account the current culture and needs of the people within the organization. Edward Liddy’s failure at AIG is one such example. He thought that the leadership style he had developed at Allstate could be transferred to AIG without any problems. It is not the easiest of tasks to expect individuals to be creative, improve work quality, perform as a team, work more with less and provide outstanding customer service; while not taking into account the right motivations for these people and the need for him as a leader to build trust, adapt his leadership style and overall transform the people and the organization toward a prosperous direction. Liddy assumed that he could take the helm of the organization and transform it without him changing or making any adaptation.

Although the Transformation Leadership approach is often highly effective, there is no “right” method that fits all situations. According to Booz Allen Hamilton in choosing the most effective approach one must consider:

o The skill levels and experience of the members of your team

o The work involved

o The organizational environment

Building consensus for change is easy; implementing these changes, however, is next to impossible without a compelling vision and mission from the top as well as a strong foundation of common values at the base. An organization headed by a transformational leader seems destined for greatness. It is a well balanced organization infused with the right motives from a leadership with the correct style tends to react quickly to market developments. And often long term global opportunities without losing sight of the big picture (the goals of both the organization and its people). Just-in-Time organizations, as they are tagged, can turn on a dime because the leadership inspires creative outbursts, innovative processes and maintains competitive advantage due to the fact that everyone knows his or her role and implements it diligently in this organization, creating the overall effect of flawless effectiveness and consistent execution.

“The right people-imbued with the right values, armed with the right information, and motivated by the right incentives-are the driving force behind a winning organization” states Neilson and Pasternack. The challenge for leaders has always been to align all of these factors so that individual self-interests are in accord with the organization’s goals; otherwise, you will never get out of that bed and get to work.

Article Source: https://EzineArticles.com/expert/R._Kenny_Leblanc/408281

 

Leadership Development – A Strategic Need?

Leadership is vital for any organization’s sustained success. A great leader at top makes a big difference to his or her organization. Everyone will concur with these statements. Experts in human resources field mention the importance of leaders at all levels, and not just that of the leadership at the top. Rightly so. It is not without reason that companies like 3M, Proctor & Gamble, GE, Coca Cola, HSBC etc. have known to put in place processes for developing leaders continuously.

Mention this subject, however, to a line manager, or to a sales manager, or any executive in most organizations and you will probably deal with diffident responses.

Leadership development -a strategic need?

The subject of leadership is dealt with in a general way by many organizations. Leadership is usually understood in terms of personal attributes such as charisma, communication, inspiration, dynamism, toughness, instinct, etc., and not in terms what good leaders can do for their  organizations.  Developing leaders falls in HR domain. Budgets are framed and outlays are used with indicators like training hours per employee per year. Whether the good intentions behind the training budgets get translated into actions or not, is not monitored.

Such leadership development outlays, that are based on only good intentions and general ideas about leadership, get axed in bad times and get extravagant during good times. If having great or good leaders at all levels is a strategic need, as the above top companies demonstrate and as many leading management experts assert, why do we see such a stop and go approach?

Why is there skepticism about leadership development programs?

The first reason is that expectations from good (or great) leaders are not defined in operative terms and in ways in which the outcomes can be verified. Leaders are expected to ‘achieve’ many things. They are expected to turn laggards into high performers, turn around companies, charm customers, and dazzle media. They are expected to perform miracles. These expectations remain just wishful thinking. These desired outcomes can not be used to provide any clues about gaps in leadership skills and development needs.

Absence of a comprehensive and generic (valid in diverse industries and conditions) framework for defining leadership means that leadership development efforts are scattered and inconsistent in nature. Inconsistency gives bad name to leadership development programs. This breeds cynicism (these fads come and go….) and resistance to every new initiative. This is the second reason why the objectives of leadership development are often not met.

The third reason is in the methods used for leadership development. Leadership development programs rely upon a combination of lectures (e.g. on subjects like team building, communications), case studies, and group exercises (problem solving), and some inspirational talks by top business leaders or management gurus.

Sometimes the programs consist of outdoor or adventure activities for helping people bond better with each other and build better teams. These program generate ‘feel good’ effect and in some cases participants ‘return’ with their personal action plans. But in majority of cases they fail to capitalize on the efforts that have gone in. I must mention leadership coaching in the passing. In the hands of an expert coach a willing executive can improve his leadership skills dramatically. But leadership coaching is too expensive and inaccessible for most executives and their organizations.

Leadership -a competitive advantage

During my work as a business leader and later as a leadership coach, I found that it is useful to define leadership in operative terms. When leadership is defined in terms of what it does and in terms of capabilities of a person, it is easier to assess and develop it.

When leadership skills defined in the above manner are present at all levels, they impart a distinct capability to an organization. This capability gives a competitive advantage to the organization. Organizations with a pipeline of good leaders have competitive advantages over other organizations, even those with great leaders only at the top. The competitive advantages are:

1. They (the organizations) are able to solve problems quickly and can recover from mistakes fast.

2. They have excellent horizontal communications. Things (processes) move faster.

3. They tend to be less busy with themselves . Therefore they have ‘time’ for outside people. (Over 70% of internal communications are about reminders, error corrections etc . They are wasteful)

4. Their staff (indirects) productivity is high. This is one of the toughest management challenges.

5. They are good at heeding to signals related to quality, customer complaints, shifts in market conditions and customer preferences. This leads to good and useful bottom-up communication. Top leaders tend to have less number of blind spots in such organizations.

6. It is easier to roll out programs for strategic shift and also for improving business processes (using six sigma, TQM, etc.). Good bottom-up communications improve top-down communications too.

7. They require less ‘supervision’, since they are strongly rooted in values.

8. They are better at preventing catastrophic failures.

Expectations from good and effective leaders should be set out clearly. The leadership development programs should be selected to develop leadership skills that can be verified in operative terms. Since leadership development is a strategic need, there is a need for clarity about the above aspects.

Hemant Karandikar advises companies on business & brand strategy, on business transformation, and for achieving breakthroughs in business processes. He leverages this expertise in product creation projects for companies along with his design associates. He coaches business leaders and executives for developing leadership skills. Hemant founded Exponient Consulting and Learning Leadership.

Previously, Hemant was Managing Director, GWT Global Weighing (now Sartorius Mechatronics) and held position of General Manager at Philips India. He is an alumnus of Indian Institute of Technology, Bombay, India.

For Onsite and online coaching for leadership development, please visit [http://www.learning-leadership.com]


Article Source: https://EzineArticles.com/expert/Hemant_Karandikar/300806