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Posts Tagged ‘leadership’


How to Build an Awesome Team

November 3rd, 2010 ::

“If you could get all the people in an organization rowing in the same direction, you could dominate any industry, in any market, against any competition, at any time.”

Though The Five Dysfunctions of a Team was written for people working and leading teams within a large organization, the advice in this book is perfect for those of us who are building teams at our small businesses as we grow into larger businesses.

The author of the book, Patrick Lencioni, has learned that genuine teamwork is elusive because many organizations fall victim to five natural, but ultimately dangerous, pitfalls or dysfunctions.  Instead of getting into those, I’m going to instead share Pat’s list of how members of a functional team behave:

  1. They trust one another.
  2. They engage in unfiltered conflict around ideas.
  3. They commit to decisions and plans of action.
  4. They hold one another accountable for delivering against those plans.
  5. They focus on the achievement of collective results.

Trust

Pat defines trust as the confidence among team members that their peers’ intentions are good.  If there is full trust among all team members, they will focus their energy and attention on their jobs (rather than political maneuvering).

As you build your company, you can encourage trust by demonstrating vulnerability first and creating an environment that doesn’t punish vulnerability.

Conflict

Ideological conflict, or conflict that is limited to concepts and ideas, results in the best possible solution in the shortest period of time.  It’s OK if that conflict is passionate, emotional and even frustrating.

As you build your company, let your team engage in conflict and allow them to resolve the conflict naturally.  You should also continually set an example of appropriate conflict behavior.

Commitment

Commitment refers to both buy-in and clarity around direction and priorities.  A team that is committed to a decision understands the priorities, embraces common objectives, and takes advantage of opportunities before competitors do.

As you build your company, be comfortable with the idea that the decision could be a wrong one.  Push your team for closure around issues, and make sure the team sticks to its schedule.

Accountability

A functional team is not afraid to point out performance or behaviors of other team members that might hurt the team.  When team members hold each other accountable, they demonstrate respect and high expectations for each other’s work.

As you build your company, encourage your team members to build accountability among themselves, rather than you imposing it on them.

Results

Results are really about outcome-based performance, which drives profits.  To perform well and achieve great results, your team needs to be focused on specific objectives and clearly defined outcomes.

As you build your company, set the tone for results.  Be selfless, objective, and reward and recognize only those team members who make real contributions to the achievement of the team’s goal.

5 Secrets to Successful Business Leadership

October 14th, 2010 ::

By Rieva Lesonsky

One of the biggest challenges of being an entrepreneur is the leadership role you have to fill in your company. Before you launched a business, you may have headed a department or even a division, but being in charge of an entire business is something else altogether.

That’s why smart entrepreneurs are always looking for ways to boost their leadership skills. In a long-range, in-depth study, researchers at McKinsey & Company assessed successful leaders and pinpointed 5 components of what they called “centered leadership”:

1. Finding meaning in work. Centered leaders see their purpose as greater than themselves. They often use storytelling to convey their passion to their employees, and to convey the meaning they find in their businesses. This might not be the most “efficient” means of conveying information, but it can be the most inspiring.

2. Converting negative situations into opportunity. Fortunately, entrepreneurs tend to be natural optimists. But for those entrepreneurs who aren’t, change and uncertainty create stress and can cause paralysis. The good news is, you can learn to “reframe” negative events as positive opportunities is by spurring employees’ creativity. Brainstorm ways to turn a problem into an opportunity, and give people the OK to try and fail.

3. Leveraging connections and community. Bringing the right people together—both inside and outside your company–is key to leading successfully. Often, this means nurturing relationships that may not pay off right away, or bringing together people who may not seem to have a natural fit.

4. Acting in the face of risk. “Engaging”—facing up to what scares you, and inspiring others to do the same—is crucial for leading in times of change. The McKinsey research suggests the best way to do this is by imagining the worst-case scenario, fully feeling the fear that comes with that, then strategizing plans for dealing with it.

5. Sustaining energy. Entrepreneurs are “idea people,” but seeing an idea through to completion is hard, and often our energies fade along the way. Good leaders know how to replenish their own energy from time to time, as well as how to enable their employees to do the same. This can be accomplished by taking brief “technology breaks,” fitting in regular exercise or meditating—whatever works for you.

In a recent McKinsey global survey, leaders who master just one of these skills are twice as likely as those who have mastered none to say they are ready to lead through change. Those who have mastered all five skills are four times as likely.

Being a centered leader pays off, not just in your business, but in your life as well: Leaders who have mastered all five skills are more than 20 times as likely to report being satisfied with their lives in general. Isn’t that what we’re all aiming for?