Leadership Strategies in Business
Running a business requires pristine strategies to achieve the set objectives. Jordan Sudberg offers a wide range of leadership strategies for both established and startup companies.
Here are some of the leadership strategies one can adopt in their business. Each strategy is necessary for the growth of a company.
Ultimate Control
Ultimate control gives all the power to one individual and lets that one individual make all the decisions with little or no consultation with others. However, some pros and cons come with this particular strategy. Some of the pros include less conflict, more consistent decision making, and high-performance level. The cons include:
• A lack of communication.
• Too much stress on one person.
• A high chance of burnout.
Diversified Power
Where ultimate power is given to one individual, the power is spread across the group in diversified power. This group can be small or large, but only those who possess this power can make decisions. The pros of this strategy are that it is more democratic than ultimate control, and it provides a broader perspective of what should be done with the business. Some of the cons include a lack of direction and accountability and decreased productivity from not having a leader.
Be Available Always
This strategy entails the use of a leader who is primarily involved in the business’s day-to-day activities. This leader makes many decisions about operations and significantly influences policy. The pros include highly focused activities, and it is easier to delegate tasks and creates a more centralized organization. However, this strategy is harder to change when it is not functioning correctly and has less control over employees.
Be an Honest Leader
A good leader is honest and trustworthy. Employees are more likely to follow someone they respect and know about them. Even if it hurts, employees appreciate honesty because they know what to expect. However, if a leader does not deliver on their word, this can cause problems with the employees.
Job Enlargement
Job Enlargement is a strategy where the leader hires more people to help the workload of other employees and increase company profits. Another advantage of this strategy is that the leader can create more revenue; however, hiring new employees can be a more significant risk.
Finding Time to Reflect
Leaders need to reflect on their work, called “self-reflection.” Leaders must reflect on how they work with their employees, how they manage their operations, and how they make decisions. This self-reflection will make leaders improve many areas of the business.
Motivating Employees
A good leader motivates the employees to help them want to do the best they can in the workplace. A good leader also keeps an eye out for new ways to motivate their employees. A leader can change the way he motivates at any given time.
Employees and Their Workplace
Employees want to feel important. There is no doubt that a good leader can make employees feel that they are essential, primarily through recognition. Employees will most likely reward their leaders with more productivity and skillfulness if they feel needed.
In the final remarks, Jordan Sudberg mentions three crucial strategies to keep in mind:
1. Managers and leaders must be aware that not all employees are the same and tailor their approach to each employee.
2. Leaders should always consider the best way to motivate their employees while considering that each employee is different.3. Leaders need to lead by example, not only through their words.