Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

The art of leadership in business

by February 7, 2024
February 7, 2024
The art of leadership in business

“If your team doesn’t know what good looks like, then it’s unlikely they are going to achieve it.”

COMMENTS made by one of the country’s most influential business experts towards the end of last year put the issue of leadership firmly in the spotlight.

Anne Francke, the chief executive of the CMI, told the Financial Times how the need for more skilled managers across the UK was being “dangerously overlooked”.

Ms Francke added in her FT interview a call to arms for the government to step up its support for better preparing leaders of the future.

Her comments followed the results of a survey last year by 101 cross-party MPs, which found that just one in four (24 percent) respondents said improving the quality of management and leadership in UK businesses, public services and other organisations should be a high priority for the government in the next year.

Ms Francke is right to put this issue in the spotlight, and businesses can certainly benefit by thinking more about it.

So, what makes a good leader?

Creating a vision:

“The first thing that I think is important, is to create a clear and strategic vision of what it is that you as a team are trying to achieve.”

“That vision needs to be consistent and understood across the organisation.”

“Quite often there will be a vision that is created at the board level but by the time you get down to the troops on the ground in the office or in the organisation, it’s a meaningless memo that has no explanation.”

Work hard to embed it:

“Once you’ve created a vision you need to work hard to embed it. There is no point in just creating a paragraph or some words, you’ve got to bring it to life, you’ve got to actually embed it so that there is a clear culture and a clear vision of what you are trying to achieve.”

“So, I think first and foremost the important thing is actually setting out your stall. Who are you and what are you? What makes you different as a team and an organisation and what are you trying to achieve together?”

Be clear:

“Having a vision and embedding it is fine. But it means nothing if you don’t communicate it effectively. The next part about this is making sure everybody is very clear in terms of their roles, responsibilities and expectations. If your team doesn’t know what good looks like, then it’s unlikely they are going to achieve it.”

“Trying to clearly set out what you are responsible for, this is the way in which you expect you to conduct yourself to get there, these are the types of results and levels we are expecting. All of those things are about setting the framework.”

Empower others:

“The next thing is creating empowerment across the team. One of the problems in setting up a clear and rigid framework is that sometimes that can be limiting on the talent that is available within the team.”

“The clear thing for me is setting up a tangible set of expectations as far as approach, method, and results. But then, trying to give enough scope to the individual or to the team or sub-team, to say how you get there is up to you as a group.”

“It’s important to try and not put any limitation on the team’s output or success.”

“Aim to set a framework and objectives but don’t make the framework limiting in any way, because often that can stifle performance and stifle the ability to deliver.”

“Instead, create something that is robust in its order and structure but lenient enough to allow freedom or growth of the individuals that are in the delivery piece.”

Create a safety net:

“I think also creating some form of environment of a safety net is key. Again, it’s about giving the freedom of ‘try and fail, try and fail’. Let that individual have a go and make sure you give them an environment where there is an ability to be independent in the role.”

“I would also say a key lesson in leadership is to create a robust feedback loop.”

“I passionately believe that learning is best by doing but there needs to be the ability to do and fail.”

“When you create that environment of a debrief, learning, application; it fast tracks performance and growth.”

Put training in place:

“Next it’s vital to consider training and motivation, there should be a clear structure of growth and what the next level looks like, so you always have a step ahead you’re striving for.”

“The true goal for all leadership is to create a meritocracy and in order to do that you have to have the ability for everyone to be open and honest. You want a diverse and inclusive team of individuals as no team will perform very well if they are the same.”

And finally, remember:

“The reality is that no team functions when they are all the same type. You need a team that is based on merit not bias, and is made up of a broader spectrum of individual types as possible.”

“What should bind you together is your agreement with the culture and your aspiration to deliver the vision. The thing that binds the team is that you all want the same output but come at it from a different perspective. That’s when you get greatness in a team.”

Read more:
The art of leadership in business

0
FacebookTwitterGoogle +Pinterest
previous post
Valuing your business for sale? The key methods to consider
next post
Badge of Honor: Cato Designated ‘Vexsome’ FOIA Requester by FBI

You may also like

The Business of Beats: Strategies for Aspiring Music...

January 18, 2024

Casement Park Redevelopment Project Suffers Another Setback

December 20, 2023

Investors Withdraw $10 Billion from ‘Ethical’ Funds Amid...

February 16, 2024

Brands warn UK must restore VAT-free shopping to...

April 28, 2025

State schools see surge in applications as parents...

July 16, 2024

Reeves to reveal £19bn financial gap amid tax...

July 26, 2024

‘Underpaid’ women less likely than men to ask...

July 26, 2023

10 tips to become a successful entrepreneur

March 21, 2023

Barclays fined £8.4m after shops lose out on...

December 2, 2022

Gary Lineker’s lawyers say HMRC tax inquiry ‘looking...

February 28, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Bipartisan fury at CDC: Senators demand probe, reject vaccine guidance as illegitimate

      August 28, 2025
    • Clarkson’s Hawkstone crowned England’s best at 2025 World Beer and Cider Awards

      August 28, 2025
    • Lotus to cut 40% of UK workforce but pledges to keep Norfolk factory open

      August 28, 2025
    • Asda boss tells Rachel Reeves to stop ‘taxing everything’ and start investing in Britain

      August 28, 2025
    • Trump’s “State Capitalism … a Hybrid Between Socialism and Capitalism” Won’t Make America Great Again

      August 28, 2025
    • RICO, But Not Suave: President Trump Threatens George Soros with Dragnet Justice

      August 28, 2025

    Categories

    • Business (8,915)
    • Investing (2,251)
    • Politics (16,510)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved