It is said that being a leader is an art as well as a science. Managing your team effectively requires great skill and development. While achieving great leadership takes concerted efforts and time, there are simple things you can implement to your way of leadership to make an incredible difference.
Paul Saunders is a good example of a great leader, the founder and leader of James River Capital Corp. He is the current Chairman and CEO of James River Capital Corp. He debuted his career with Warburg Paribas Becker in the Corporate Finance Department in 1979. He also worked in the commodity department of A.G Becker from 1980 to 1983.
His extensive executive experience has helped him manage alternative investments. His interest in the financial sector was triggered after receiving his B.A. in Economics in 1977 from the University of Virginia. He furthered his expertise when he graduated from the University of Chicago with an M.B.A.
Studies conducted by researchers from various companies have shown what effective leadership should look like. Through these studies, there are three simple modifications you can use to improve your leadership style. Let’s have a look at some of them according to James River Capital’s approach.
Don’t Lead, Support Your Team
One fascinating leadership model at Facebook involves the making of the initial critical mentality shift. This means that managers at Facebook support their teams rather than lead them. The shift from lead to supporting can dramatically transform how roles are viewed by leaders and change their approach to interactions with teams. Well, many times, small changes result in greatest impacts, even if it’s a one-word change.
Hearten Escalation and Welcome It
Studies conducted in the recent past show that close to 85% of employees conceal crucial feedback from their bosses. They mostly fear to get into trouble by approaching their employers about an issue, hence they rather not try. Lack of open and transparent communication offers little room for collaboration, innovation, and overall engagement with employees. Learn more: https://www.cbinsights.com/investor/james-river-capital
Google, through their research, unearthed the “physiological safety” concept which is vital for leaders to focus on creating. This means that your operational style should make other people feel safe when approaching you with certain pressing matters, improvements, or challenges. There are two ways you can achieve physiological safety and they include promoting escalation and concerns by expressing your appreciation when it occurs. The other method is providing an opportunity for every employee to express themselves, especially during team meetings.
Every Opinion Matters
As mentioned earlier, you need to support rather than lead your team. This way, you will be removing any possible obstacles, the biggest being team members holding back. In case you have a meeting in place, ensure that you have a rundown of all the attendees. Ensure that you have check marked everyone who speaks. Identify the quietest members and ask them for their opinions on the topic under discussion. Furthermore, avoid being too pushy to ensure everyone is comfortable. This way, you will be able to get everyone’s opinion.