Leaders aren’t born — they’re made. If you’re fortunate enough to have team members with leadership potential in your midst, you’ll want to keep them around and help them grow. Retaining the top talent in your organization can be difficult if you don’t provide the proper incentives — your best employees won’t stick around if they don’t feel like they can grow with your company. That said, employee promotion comes with its own set of challenges. Leadership skills don’t necessarily equate to preparedness for a specific role, after all. And you don’t want to overlook your other employees when serving promotions, either.
With all that in mind, here’s some advice for properly promoting employees with leadership qualities in your organization.
How to Promote Good Employees
Hone Employees’ Existing Leadership Skills
Raw talent can open many doors, but even your most talented hires need ongoing training and education to refine their skills. Providing leadership training for employees is a great way to both create new leaders and strengthen existing leaders in your company. With access to the proper resources, employees can transform their abilities into reinforced skillsets that can be applied in a variety of contexts. Ultimately, this scaffolding will help prepare your leaders for different types of promotions.
Provide New Challenges and Opportunities
This tip takes more of a real-world approach. Training is undoubtedly useful for leadership development, but there’s no replacement for actual on-the-job experience. If you want to put your people to the test, give them opportunities to take on new roles and responsibilities, even if only for short periods of time. These trial runs will help those with leadership potential discover their interests, strengths, and weaknesses while also providing you with important information on their candidacy for specific promotions.
Understand an Employee’s Personal Goals and Desires
Communication plays a vital role in proper promotion protocol. For starters, not every employee will want a promotion at a given time, and springing such an opportunity on them when they’re not ready can lead to several issues. Moreover, some emerging leaders will be more inclined to take on certain roles as a way of reaching their personal goals and/or boosting their careers. In every single scenario, the more you know about an employee’s unique goals and desires, the easier it will be to offer the appropriate promotions. So, have regular one-on-one meetings with employees, asking them about what they enjoy doing, how they wish to grow in your organization, what they wish were different, etc.
Determine the Type of Promotion Best Suited for the Situation
Not all promotions are created equal. Dry promotions refer to title upgrades without a pay increase, up-gradations feature increased pay but don’t change anything about an employee’s responsibilities, accretion of duties derive from an increase in workload and come with a relative pay bump — the list goes on. There are also a variety of reasons/methods for promoting an individual, such as merit, seniority, necessity (ad hoc), or some combination of these. The exact type of promotion you dish out must correspond with your company’s needs and goals. You must also keep in mind that some leaders will be more or less receptive to certain types of promotions.
Stay Alert to Potential Openings
Succession planning is all about filling the right roles with the right people, so there’s always a pipeline of strong leadership even when current leaders retire, leave, or can no longer work. The more time you have to plan for such a transition, the better. As such, it’s important to constantly be on the lookout for up-and-coming leaders in your organization that might be able to step into a higher position when the time comes. Once you have some candidates in mind, provide them with the tools, education, and experience necessary for them to take on these new roles in the future.
Make It Known
Lastly, don’t leave your employees in the dark when promotions are available. Even if you have a select group of employees in mind for a given promotion, offering it to anyone interested creates more competition. In this way, creating promotion opportunities serves as a useful employee management tool. It’s also fairer to your current employees to offer the position internally before looking outside the business.
Promoting Better Leadership in Your Workplace
Leaders at every stage need experience, direction, and opportunities to achieve their full potential. Providing these things for your employees will allow you to more easily deliver the right promotions to the right people.
At Leadership Resources, our purpose is to make the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow at times like these when you need it most.
To solve problems and make decisions that propel your business forward, you need to integrate an optimized set of processes that all work in unison — this is your company’s operating system. Your organization’s operating system has the potential to unlock continual, sustainable growth. That said, there’s no such thing as a “one-size-fits-all” operating system. For the best results, you must cultivate a customized operating system catered to your needs, challenges, and goals. Proper optimization is necessary to tune your business’ operating system to the right pitch for your processes.
At Leadership Resources, we’re dedicated to guiding emerging and existing leaders through every available channel, including your operating system. Let’s explore the difference that an optimized operating system can make at every level of your organization.
Benefits of an Optimal Operating System
Growth is the name of the game for every business, but the pace and nature of this growth will vary from one organization to the next. Depending on your goals, resources, and current commitments, you might aim to expand slowly and methodically or, in other cases, rapidly and energetically. Whatever the case for your business, this growth must be determined and reinforced strategically. An optimized operating system is designed to cue you into the proper growth strategy and keep you on track by getting (and keeping) the right people in the right seats, identifying areas of growth for leaders (i.e., succession planning), and making the most of profit tools that grow alongside your business.
Optimize Data Collection and Analysis
Data is invaluable for any business. Having access to accurate, hard numbers and key performance indicators allows you to hone your business game and make intuitive decisions that benefit your brand and bottom line. An optimal operating system will help you gather information and understand how to review performance management data and other KPIs, so you always have a finger on the pulse of your organization.
Better Balance Your Business’ Budget
Your optimized operating system can do more for your business than just foster leadership growth and improve data collection processes — it can also bolster your bottom line. When cash so quickly moves in and out of your business, it can be difficult to know where to allocate resources, where to trim the fat, and so on. The clarity offered by an optimized operating system reduces the confusion inherent in money management, helping you to craft more strategic budgets poised to benefit your business for the long term. Ultimately, your operating system can help you maximize profits.
Set and Surpass Benchmarks and Goals
Everyone understands the importance of proper goal-setting, but actually selecting these goals and executing a strategy to achieve them is a different story altogether. By simplifying your processes and clarifying data, your optimal operating system facilitates your ability to set, reach, and exceed goals. With tailor-made tools at your disposal, your organizational culture will transform into a unified force aimed at surpassing goals together.
Optimize Your Organization’s Operating System
Most organizations know what factors drive their business and their growth. But working with Leadership Resources and building a company operating system creates accountability around these factors. This process illuminates the leading indicators, where an organization’s energy and effort are consistently going. It allows them to problem solve, see trends over time, and make a real difference.
At Leadership Resources, our purpose is to make the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow at times like these when you need it most!Read More
In our previous article, “How an Operating System Drives Profit & Growth,” we defined what a business operating system is and how the right one can bring your organization to new heights. To sum up, a company operating system is a sturdy yet flexible strategic guidebook for the company’s internal processes. Think of it as the core from which all planning within an organization stem. With the right operating system in place, employees and leaders can collaborate with more clarity and purpose at every stage of the game, resulting in leadership development, long-term growth, and increased profits.
Of course, there’s no such thing as a one-size-fits-all operating system. Every business has a unique company culture and specific needs, after all. So, while there are many ways to approach your company’s operating system, the best approach synthesizes the best parts from multiple methodologies. Let’s explore why this fusion of various operating system components results in the best outcomes for entrepreneurs and businesses.
Why You Should Integrate Operating System Methodologies
Bridge the Gaps Between Different Ideologies
Among the various systems, tools, and philosophies that help a business thrive, each one comes with its share of holes. If you think of each of these different methodologies as a piece of swiss cheese, you can cover these various holes by layering different pieces with differently placed holes on top of one another, creating an impenetrable system that bridges all possible gaps. In other words, one company’s operating system might not work for another company, but the system may feature certain advantageous aspects worth keeping — and the same goes for yet another operating system, and so on. By leveraging the strengths of each of these systems, you can achieve the best of all worlds for your unique operating system. You’ll end up with a customized and optimized playbook for everything from employee management to succession planning to conflict resolution and more.
Set Yourself up for Success
Your operating system isn’t just about your organization — it’s also about your people (the two go hand in hand, of course). Ultimately, your operating system should enable the talent that already exists within your team and place people in the right positions so everyone in your organization shares the game goals. Cultivating this continuous leadership growth is only possible if you take an integrated approach to crafting your operating system. By addressing your company’s pain points and unique concerns, you can begin to build a systematic process for navigating all hurdles standing in the way of personal and organizational growth. For starters, you’ll want to define what “success” means for your entire company and its team members. From there, you can establish consistent accountability, clear goals, and deliver ongoing coaching to fortify these elements, all at the proper pace for you.
The Benefits of an Optimized Operation System
Before you begin crafting your own company operating system, it helps to know the many advantages that can come from this optimization. These benefits include:
- Scaling up your leadership and profit margins by getting and keeping the right people in the right seats
- Optimizing data to hone your business game and make intuitive decisions that benefit your brand and bottom line
- Managing cash with more clarity and control
- Meeting and exceeding goals by making the most of tailor-made tools tuned for your organization’s unique needs and ambitions
You might already know which factors drive your company’s growth, but receiving outside help from a provider like Leadership Resources allows you to illuminate where your energy and effort are consistently going. We help companies like yours problem-solve and see trends over time to make a real difference. We meet you where you are and help you achieve your vision, handpicking the best components from a wide array of methodologies to support and enhance our clients in their ability to achieve their vision.
At Leadership Resources, our purpose is to make the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow at times like these when you need it most!Read More
Generational gaps are inevitable in businesses that stick around long enough. These age-related rifts can be both beneficial and detrimental. On the one hand, people who grew up in different eras will have unique perspectives on current dilemmas, which can be synthesized into optimal solutions. Unfortunately, these varying perspectives can also create roadblocks, conflicts, and even feelings of resentment — a younger employee might feel like their ideas aren’t being taken seriously, while an older employee might feel undermined by an up and coming workforce that deems their ideas antiquated.
In many instances, leaders within a company tend to have more experience under their belts, which means they’re responsible for overseeing several employees who are younger than them. If such a leader isn’t tactful in their approach to employee management, they can end up pushing this younger generation away. This is a lose-lose situation, as both parties stand to miss out on key insights provided by the other. With that in mind, here are some ways a leader can properly influence a younger generation without judgment or major conflict.
How to Influence Younger Employees
Listen to Your Employees
We often think of a leader’s role as merely giving orders and overseeing projects. While delegation and oversight are key components of leadership, nothing is more important than communication. Leaders should listen just as much as they speak (if not more). Indeed, if you want to steer your younger employees in a positive direction, you must let go of your ego and truly take their ideas into account. You might have more experience, but this doesn’t mean you have all the answers. And if you dismiss your employees, they’ll begin to dismiss you as well. Communication is a two-way street, and if you want your wisdom to reach your younger employees, you must open yourself to their wisdom, too.
Appreciate and Utilize the Younger Generation’s Strengths
As you learn from the younger generation, you’ll quickly figure out that they’re adept at certain things you might not be, such as social media usage, coding, multitasking, etc. Rather than balk at these skills or deem them unimportant, use them to your company’s advantage. Allowing your people to play to their strengths will boost morale and benefit your business in multiple ways. You can then insert your expertise where it counts most.
Understand What Younger Workers Care About and Open Yourself to Change
One of the negative stereotypes younger workers often place on their older counterparts is that they’re stuck in the past and unwilling to adjust their point of view or methodology. Some leaders certainly fall into this category, and it’s natural to resist change no matter our age. If your goal is to reach your younger employees in a meaningful way, however, you must make an effort to understand their view of the workplace and adapt accordingly. Things were undoubtedly different when you were their age, after all. Today, most young people don’t want their work to be their entire life. This isn’t to say that younger people aren’t able or willing to work hard, but rather that they seek a healthy work/life balance. As such, millennials value companies that offer flexible scheduling, remote work options, an easygoing company culture, and so on. Whether or not you share these opinions, cultivating a workplace with more modern appeal will allow you to hire and retain top talent and create a stronger impression on your people.
Establish Common Values
Generational gaps are primarily fueled by perceived differences in values. When you dig a bit deeper, though, it often becomes clear that one generation shares most of the foundational values of the other. People of different eras might have different conceptions of what these values mean or look like, but just about everyone agrees that responsibility, respect, integrity, kindness, family, etc., are fundamental across the board. Simply discussing these values can bring people of all backgrounds together. You might be surprised at how much common ground there is between you and younger generations.
Cultivate Leadership Growth
Time doesn’t stop for anyone, and a new generation will always be there to take the place of the previous one. This can be difficult to accept, but coming to grips with this reality is key for proper succession planning. Simply put, if you want your company to have a lasting legacy, you need to cultivate new leaders and prepare them for more significant roles. In this way, investing in ongoing leadership development for the younger generation is essential to ensuring your business’ ongoing success. Additionally, investing in your people is a display of respect and encouragement. People of all generations like to learn and be recognized for their accomplishments.
At Leadership Resources, our purpose is to make the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow at times like these when you need it most.Read More
The most successful businesses are always looking towards the future while focusing on the present. Indeed, your short-term goals and day-to-day actions should contribute to the bigger picture. The continuous development of your employees, then, should be a top priority. Spending time and resources on your people’s growth is an investment in your enterprise’s prosperity. Let’s dive deeper into why proper employee and leadership development leads to long-term success for both your business and your employees.
The Benefits of Employee Development
Some people truly enjoy their work, but you can’t (nor should you) expect all of your employees to commit their whole selves to your business. That said, you also don’t want your people to feel disconnected from or disinterested in your operations and vision. Ideally, your employees will feel like they have a stake in what goes on, that their contributions matter, and that a win for the company translates to a win for the team. Focusing heavily on performance management and employee development is one way to increase engagement. Recognizing your employees’ accomplishments and providing them with opportunities to grow with the organization cultivates investment — when your people feel like they can expand their skills, influence the company, and earn more, they will become more engaged in every aspect of their work and your organization will thrive as a result.
Every company requires fresh and diverse points of view to constantly adapt and improve. If your employees lack avenues for leadership growth, however, the old guard of leadership will eventually exhaust its creative capabilities, and the business will become stagnant. The best way to innovate in your industry is to build up young and budding employees, allowing them to take on new roles and truly listening to their unique perspectives. Of course, your people must feel confident in bringing new ideas to the table — this confidence stems directly from long-term employee development.
Finding promising candidates for your organization is a challenge all its own; retaining these quality hires is in some ways even more difficult, especially in highly competitive markets. In our previous article, “How Long-Term Leadership Development Helps You Keep Your Best Talent,” we broke down the ways in which investing in your employees incentivizes them to stick with your company and improve your company culture in the long run. Indeed, businesses that regularly give their employees new opportunities and recognize their strengths have far stronger retention rates than those that keep their people in their lanes. Not only does proper employee development help you retain top talent — it also helps you attract other valuable candidates. When a potential hire is made aware of the growth opportunities your organization offers, they’re more likely to want to become a part of such a culture.
Businesses that outlive their founders and make a mark on the community keep succession planning in mind at all times. Simply put, if you want your company to thrive for generations, you must always be on the lookout for employees with the potential to lead it into the future. The best way to ensure a strong transition of leadership from old to new is to constantly cultivate fresh leadership in your organization — the more leaders you have, the easier it will be to fulfill vacant roles and create new ones. In this way, proper employee management and development will help to secure your company’s legacy. At Leadership Resources, our purpose is to make the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow at times like these when you need it most.Read More
Quality of leadership largely determines whether an organization rises, falls, or remains stagnant. But leaders do not magically descend from some higher realm — they are cultivated over time through experience, training, and perseverance. Indeed, nearly every company contains its share of potential leaders, and it is the responsibility of current leaders to identify and foster future leadership or else risk leaving a major hole in the organization upon leaving.
Of course, not every worker is destined to be (or interested in being) a leader. Investing in these individuals is not a waste of time, but the lion’s share of leadership development resources are better spent on those who display leadership potential. With that in mind, let’s go over how to spot future leaders at your organization.
How to Find a Future Leader
Ask Yourself: Who Goes the Extra Mile?
When seeking the future leaders of your company, a good place to start is by looking at results. Consider who in your organization consistently goes above and beyond expectations. Employees that are highly results-driven prove their enthusiasm and skill, and team members that come up with new, innovative ideas drive the company’s efforts into new territories. Pay close attention to these people in your company who keep the enterprise moving forward with passion, as they already exhibit strong leadership qualities.
Weigh Both Potential and Performance
Performance is undoubtedly a key indicator when spotting future leaders, but it is not the end-all-be-all. Indeed, you may have employees who work extremely hard but don’t exude much leadership potential. “Leadership potential” is a somewhat ambiguous metric, of course, and therefore more difficult to pick apart than hard data. Still, pay attention to those with specific leadership skills, such as strong communication, team-building aptitude, a desire to grow and learn, creativity, etc. Even if they’re not your top performers in terms of your bottom line, they might be perfect fits for various leadership roles in the future, helping those top performers reach new heights.
Shake Up the Structure
One helpful way to get a beat on future leaders is by stirring the pot a bit — namely, rotating job duties and/or assigning new roles to people every now and again. In doing so, some individuals will take full advantage of the opportunity, learning new skills and pushing themselves beyond their perceived limits. Others may wish to stay in their comfort zone and/or buckle under the pressure. Those in the former category just might be your future leaders. Job rotation is a powerful exercise for succession planning, as it can help you determine which candidates could adapt and take on new roles when necessary.
Ask Yourself: Who Is Asking Questions?
While not everyone who asks questions is bound to be a leader, all future leaders ask questions. This spirit of inquiry is directly related to strong communication and therefore strong leadership. So, keep an eye on those who take the time to clarify concepts, inquire about specifics, seek solutions to ongoing problems, and ask seemingly simple questions that others might be too timid to ask.
Train Your Eye for Emotional Intelligence
Emotional intelligence, or “EQ,” is one of the most important qualities of a good leader. Those who can listen to the concerns and suggestions of others and act accordingly strengthen the company’s culture, encourage employee buy-in, promote teamwork, and improve the organization’s reputation and operations as a whole. When looking for EQ in future leaders, look for individuals who display empathy, self-awareness, self-regulation, motivation, and strong social skills.
Ask Yourself: Who Is Invested in the Organization?
Lastly, even if you’ve found a handful of candidates who meet the above criteria, you have to consider whether or not they’re in it for the long-haul. Those who show strong leadership potential are in high-demand, after all, and many businesses spend significant resources training future managers only to have them exit the organization shortly after. While you can’t force any of your leaders to stay, though, investing in their growth is a crucial way to retain your top talent. And those who routinely express their interest in the company’s future and their role in it are top contenders for future leaders. In short, if a potential leader is invested in your organization, you must invest in their development.
Developing future leaders in your company starts with identifying the best candidates. And once you know what to look for, you may be pleasantly surprised at how many people in your organization could become leaders down the line.At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow at times like these when you need it most.Read More
As attached as you might be to your company right now, there will come a time when it is either necessary or practical to make your exit. Of course, this eventuality might be decades away — regardless of when it happens, though, those in leadership roles must consider how the company will change as a result of their absence.
For many, these thoughts provide an ample source of leadership stress. And yet, avoiding them can lead to personal and company-wide problems down the road. If you have no exit strategy in place, you run several risks when you leave: your company might not survive the transition; the organization might radically change its values, mission, goals, etc. (perhaps for the worse); and/or the many efforts you made over the years might be lost.
So, what’s the solution? While there may be no single “secret” to exiting your company while keeping your legacy intact, here are some important ways to leave strategically and graciously.
How to Leave a Company With Good Standing
Identify and Develop Up and Coming Leaders
Your company should spend adequate time and resources developing leadership as a key component of its succession strategy. These efforts will allow current leaders to pass on values, strategies, knowledge, and more to employees who show promise and ambition. And in doing so, these up and coming leaders will be able to fill roles that are left open when someone finally exits. Strategic leadership training can take many forms, but its main focus should be to prepare newer employees to not only take over necessary responsibilities, but to manage them in ways that are commensurate with the company’s underlying values.
Cultivate a Firm Yet Flexible Culture
Every company is different, and therefore so is every company culture. That said, every organizational culture should have these core aspects in common — they should be firm enough to withstand major changes (such as the absence of certain leaders and employees), yet flexible enough to change and improve over time. During your time with the company, then, you should focus on establishing such a culture that, when you leave, the company still represents the core values you helped to imbue while healthily evolving based on societal and internal developments.
Put Financial Incentives in Place (ESOPs)
If you want you and your people to maintain a vested interest in your company, (financially speaking) even after leaving, developing an employee stock ownership plan (ESOP) is one way to do so. It is worth noting that these plans can be quite complex and lead to various issues as well, so it’s important to weigh all of the potential costs and benefits with a certified exit planning advisor (CEPA) before making a final decision. Still, ESOPs can become a key component in your succession planning strategy, encouraging employees to take a larger stake in the company’s outcomes.
Leaving Doesn’t Mean Abandoning Ship Entirely
Depending on when and how you exit the company, you may still be able to play a role in its future success, imparting your wisdom and insights from a distance. For instance, you may be able to work as a part-time contractor or consultant to continue helping with leadership development and guiding the direction of the enterprise without steering the vessel. Your experience can be invaluable in helping employees and leaders deal with difficult decisions, stress, burnout, interpersonal issues, and so much more.
Leaving an organization is never easy, but taking the right steps during and after your time there can help set up the company for future success — success that is partially hinged on the contributions you have made and perhaps continue to make.At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow at times like these when you need it most.Read More
Every business aims to grow in one way or another. Of course, the type, rate, and limits of this growth will vary from one organization to the next. One company might prefer to stay local but deepen its impact on the community and strengthen its operations, while another might wish to expand beyond its regional base and maximize its long-term profits. In other words, businesses seek more than just expansion — they seek sustainable and strategic growth.
How do companies in Lincoln, Nebraska and elsewhere achieve the growth and success they desire? Simply put, they need to operate under a system that clarifies both short- and long-term goals, unifies all team members to execute on those goals, and develops healthy leaders to guide these processes each day. This is where the Entrepreneurial Operating System (EOS)® comes into play.
But what is EOS, exactly? And does this system remain useful as an enterprise grows and changes over time?
How to Manage Your Company’s EOS
Establishing EOS® for Your Organization
The Entrepreneurial Operating System is a collection of principles and practical tools designed to help businesses achieve their full potential. The EOS Model™ outlines Six Key Components™ that businesses of all sizes and scopes should bolster in order to succeed. These are Vision, People, Data, Issues, Process, and Traction®.
Each component requires equal attention, and they bounce off one another in important ways. For instance, an organization must employ the best People to execute on its Vision, but it must also create a culture of accountability and discipline (Traction) to do so.
Getting a Grip on Your Business’s Growth
Beyond its detailed and multi-faceted approach to business growth, what makes EOS so powerful is its adaptability. In other words, the system is designed to move at a given company’s pace and adjust accordingly. The EOS Process™ includes Focus Days™ to establish leadership roles and set priorities, as well as Vision Building Days™ to cultivate a concrete plan that looks at 90-day, 1-year, and 3-year desired outcomes. EOS also requires quarterly sessions to evaluate overall performance, reestablish focus and priorities, and resolve current issues. Annual sessions are also included in order to foster healthier team management and update the company’s vision for the upcoming quarter and year.
This broken-up, routine, dynamic performance management process changes and grows with an organization. In this way, EOS keeps companies in check every step of the way. If the business is growing beyond its means, EOS makes it possible to pump the brakes, and if it’s falling behind, EOS can address and remove the roadblocks. And all the while, leadership development is always front and center as team members grow more confident, engaged, and united.
Preparing for Your Company’s Next Chapter
As mentioned above briefly, EOS isn’t just designed to keep a business on track in the here and now — it’s also crucial to ensuring a business’s long-term success. Indeed, by performing regular checkups, a company strengthens its foundation to ensure sustainability. Simply put, the focus EOS places on team unity, accountability, problem-solving, and healthy leadership growth helps set up a business for a bright future. As such, the system helps businesses cultivate, discover, and choose the best people for the right positions when it’s time to change over leadership and/or restructure. Succession planning is made easy with EOS because it happens naturally.
So, if your business adopts EOS, will the system remain relevant as you grow? The answer is a resounding yes. In fact, EOS plays a key role in ensuring your company grows in the best possible way. Best of all, EOS is built to adapt with your organization. Change is good, especially when that change is backed up and well-informed with EOS.
At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how we can help your business succeed and grow.Read More
Nebraska is known for its resilience and innovation. Older businesses have been through the state’s many economic shifts over the years, and new entrepreneurs are leading the way in its continued revitalization and economic prominence. If you’re a business owner in Nebraska, then you already have the spirit of a leader. And to keep your enterprise strong, you want to hire those with leadership potential as well.
The fact is, just about anyone can become a leader with the right training and discipline. But as a business owner, you have to decide how many resources you’re willing to invest in leadership development. When making this decision, keep in mind that developing leaders within your organization has several benefits, which, in the long term, will greatly outweigh the costs. Indeed, in order to sustain your Nebraska business and secure its future, focusing on leadership development is essential. Here we’ll explore four major benefits of leadership development.
What Are the Benefits of Leadership Development
1. Encourages Productivity
What motivates employees to do a good job? There are many answers, of course, but fundamentally speaking, when individuals feel respected, heard, and empowered, they will perform better. Encouraging your employees to take on more responsibilities and helping them learn new skills is a win-win for them and for your company. As they grow into leaders, they will make more significant contributions to the business and help others develop new skills as well. All of this leads to a more productive, efficient, and dynamic workplace.
2. Broadens Personal Skills
Leadership development also has implications that extend beyond your business, yet benefit it nonetheless. Learning from one’s mistakes or hardships is a major component of this training. As an individual uncovers the obstacles that have been holding them back, they learn more about themselves as well as others. These personal and interpersonal skills are highly transferable, meaning they’re useful in all aspects of life and business. You should want your company culture teeming with these self-reliant, thoughtful people, as they are invaluable to your brand.
3. Stimulates Strong Decision-Making
In Nebraska and everywhere else, the business world is always changing. New technology and cultural shifts shake up the landscape on a regular basis, and if you want your business to remain steady and even thrive, it needs to be flexible and adaptable. One of the main objectives of succession planning and leadership development is to increase the capacity for decision-making and problem-solving in both individuals and teams. A good leader anticipates and embraces changes in the marketplace and within their organization and responds accordingly.
4. Cultivates Communication and Collective Interest
A successful enterprise relies on continuous collaboration. Individuals must communicate and work together to achieve collective goals. A good leader looks at the bigger picture and makes decisions based on the company’s interests, not his or her own. Building these communication skills is a major component of both leadership training and succession planning. After all, the best way to ensure the future success of an organization is for exciting leaders to pass the torch to those who clearly share their values and vision.
For businesses in Nebraska to thrive, they need strong leaders. Make leadership development a priority for your enterprise.
At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us to learn more about what we do and how it can help your business succeed and grow.Read More
An organization’s success and advancement depends on the growth of its people. Without strong leaders with a shared vision, you can’t expect your company to adapt, evolve, and thrive in a dynamic environment. You must invest in all of your employees, especially those who display ambition and potential for taking over leadership roles in the future.
One of the most powerful ways to invest in your people is to provide them with a leadership development program suited to their individual needs and your company’s needs. Let’s go over four key benefits of leadership development.
How Leadership Development Helps Companies
1. Building Confidence
Not all people are natural-born leaders. This is okay, as there are plenty of candidates who do wish to rise up and take on more responsibility within your organization. However, becoming a strong leader is easier said than done. You might find that some of your potential leaders, though they want to learn and grow, lack the confidence required to take the next step. This is where leadership development training comes in handy.
With the right coaching and guidance, emerging leaders can enhance their communication skills, become more adept at planning, gain valuable hands-on experience, and more. All of these efforts will help the confidence of your potential leaders and prepare them for whatever comes next.
2. The Leadership Development Domino Effect
Investing in leadership development is a holistic effort, meaning the benefits don’t only impact those who receive training, but also spread across your entire organization. Those who receive training can go on to express and teach their newly learned skills to others, enhancing your organizational culture as a whole. This domino effect may even inspire less ambitious employees to take on new responsibilities and continue the cycle of development.
3. Encourage and Cultivate New Ideas
Stagnation is a company’s subtlest and most sinister enemy. Oftentimes, this lack of vitality stems from a lack of new leadership. Established leaders may ignore new ideas or opinions from their younger employees, however unintentionally. The status quo, while comfortable, can become restrictive.
Bringing in some new blood can really shake up a stale organization, but only if new leaders are ready to take on new roles. A solid leadership development regiment will encourage fresh faces to flourish and share their ideas with current leaders within the organization. Better yet, with enough training, these new leaders can help implement these changes with confidence and clarity.
4. Securing Your Company’s Future
Finally, if you want your company to continue its legacy, you must prepare accordingly with a succession planning model that focuses heavily on leadership development. Succession planning refers to the process by which an organization carefully transitions from the established leadership to new leadership. Without a fresh set of prepared leaders to grab the torch, your organization will likely experience a serious crisis when the time comes.
One of the great benefits of leadership development is that it secures your company’s future by curating strong leaders who are capable and confident enough to take over new and existing roles. For more insight into the many benefits of succession planning and leadership development, download our white paper entitled “Preparing New Leadership: A Successful Approach to Succession Planning”.
At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow.Read More
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