Ways that leadership styles can influence business performance

Leading by example and motivating your direct reports is considered one of the most efficient leadership approaches nowadays.



Management is a continuous learning curve that is typically characterised by continuous adjustments and enhancements to one's management style. Much like any other ability, becoming a much better leader indicates equipping yourself with a myriad of leadership qualities that can help you contribute to the growth of your organisation and the development of direct reports. For example, people like Katie McAlister of Cunard would likely confirm that taking part in truthful and open communication is among the most important foundations of good management. This is since having an open line of interaction with your personnel would encourage them to be more transparent, which in time constructs trust and increases general morale. Beyond this, leaders should make an effort to bond with their direct reports and cultivate a sense of unity within the group. This could be accomplished in various ways however engaging in team building activities is extensively seen as the most reliable.

Coming up with the very best management approach depends upon aspects like personality type, the size of the company or group you will be managing, and the industry within which you operate. For instance, strategic leadership is most ideal for companies that are looking into growth and expansion opportunities. In this context, a tactical leader is expected to generate business development while at the same time managing the daily business to guarantee stability and consistency. For smaller sized companies that follow a purely technocratic model, a laissez-faire management technique can be most effective as each worker would cover their area of know-how with very little interference from senior management. Regardless of the design chosen, to guarantee the success and durability of any organisation, leaders should set out some goals at the start of each year as this is a proven method to increase efficiency. This is something that people like Gianni Onorato of MSC Cruises will know.

If you're preparing to chase management or leadership positions in the future, among the best strategies you can utilise is shadowing an excellent leader in your organisation. While theory is constantly a great basis for acquiring knowledge, practical experience reigns supreme when it concerns learning brand-new abilities. In the context of management, make certain that you find a coach that knows you personally and validates what you want to achieve. Your mentor can be your line manager, a business person that you have a good relationship with, or even a relative. This experience can truly help you establish key leadership traits as you would be learning first-hand from somebody who has invested years and even decades in a position of management. Individuals like Peter Hebblethwaite of P&O would likely concur that shadowing reliable leaders can be a wonderful learning experience to assist young leaders develop the best skillset.

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