Exactly how leadership styles can influence business performance

Do you aspire to progress towards a management position? Here is why you ought to consider having a mentor.



Developing the best management method depends on factors like personality type, the size of the business or group you will be managing, and the industry within which you operate. For instance, strategic leadership is most suitable for businesses that are looking into development and expansion opportunities. In this context, a strategic leader is expected to create business development while at the same time managing the day-to-day business to guarantee stability and consistency. For smaller sized companies that follow a purely technocratic model, a laissez-faire management approach can be most effective as each employee would cover their area of expertise with really little interference from senior management. Irrespective of the design selected, to ensure the success and durability of any organisation, leaders ought to set out some goals at the start of each year as this is a proven way to increase efficiency. This is something that individuals like Gianni Onorato of MSC Cruises will know.

If you're preparing to go for management or leadership positions in the future, one of the very best strategies you can employ is shadowing an excellent leader in your organisation. While theory is always a great basis for obtaining knowledge, useful experience reigns supreme when it concerns learning new abilities. In the context of leadership, make sure that you find a coach that knows you personally and validates what you wish to accomplish. Your mentor can be your line supervisor, a business person that you have a great relationship with, or even a member of the family. This experience can really help you develop key leadership traits as you would be learning first-hand from someone who has invested years and even decades in a position of management. People like Peter Hebblethwaite of P&O would likely concur that shadowing effective leaders can be a wonderful learning experience to help young leaders build the ideal skillset.

Leadership is a constant learning curve that is typically characterised by continuous changes and improvements to one's management style. Just like any other skill, becoming a much better leader means 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, people like Katie McAlister of Cunard would likely confirm that participating in sincere and open interaction is one of the most essential foundations of good management. This is due to the fact that having an open line of communication with your staff would encourage them to be more transparent, which in time constructs trust and boosts general morale. Beyond this, leaders ought to make an effort to bond with their direct reports and cultivate a sense of unity within the group. This could be attained in various ways but participating in team building activities is commonly viewed as the most reliable.

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