RSS

Qualities of great leaders

Article Date:  Jun 17 2008

Effective business leadership doesn’t just happen – it’s the result of careful work and learned skills, writes Tony Price, interim CEO of chief executives' organisation Vistage International. Some MDs and CEOs adopt a controlling style, others prefer a “hands-off” approach, and most of us fall somewhere between the two.

An autocratic style of leadership can appeal to those who prefer to retain total control over every decision. When taken to extremes, though, this approach can be disastrous. I knew one clever, talented MD whose style of leadership resembled that of a military dictatorship. He ruled his workforce with a fist of iron from the confines of a shuttered corner office. He paid his team well and he expected a lot from them, but at the same time, he cast them as ineffectual underlings. Fear ruled. Discourse was discouraged. No-one wanted to make a mistake. As usually happens, his style was replicated down through “the ranks”.

The outcome was predictable. The employees were under immense pressure to perform, and were expected to meet increasingly ambitious targets. However, with few outlets for their ideas and a lack of opportunities to make themselves heard, they felt disempowered. Staff turnover was high, and the business stagnated.

That’s not to say that an autocratic leadership style should be avoided at all costs. Judging from his TV show, Michelin-starred chef Gordon Ramsay is the epitome of an effective autocrat. He’s a loud, sharp talker and hard taskmaster. He may come across as the boss from hell – but in reality, Mr Ramsay’s leadership skills are finely honed, and inspire fierce loyalty and devotion amongst his staff. His trusted lieutenants are long-serving team members.

On the other hand, not many of us could get away with Ramsay’s straight-talking style: it requires immense charisma and talent.

Hone your skills
Over the years I’ve concluded that successful leadership is an art, rather than a science. Exploration is required; lessons must be learned.

But I also believe that our most effective leaders all display certain key qualities. Firstly, they value their own visibility. They don’t shut themselves away and they don’t make themselves “untouchable”. Instead, they talk to people in the cafeteria. They solicit and respond to employee email. They learn first-hand about events and attitudes on the front lines of their businesses.

The polar opposite of the tyrannical MD I described above, these leaders inspire trust, loyalty and courage in their employees in a variety of ways. These include:

• Telling it like it is.
The people who follow you deserve to know what’s going on and will do a better job with the facts at hand. Vision is everything; your team members need to know where they are heading.

• Getting something done – fast. Short-term victories can bolster employee resolve. Celebrate these wins and show people that you appreciate their efforts. Make quick decisions – even if they are occasionally wrong!

• Making change exciting. Build on short-term gains to help guide employees through change. Once a foundation of trust has been laid, you can distinguish between good ideas that didn’t pan out and those that were ill-conceived. As the saying goes: ‘try to catch someone doing something right’.

Taking risks on people. Focus on getting the right people, but encourage all your employees to go beyond past achievements. Always persuade people to do more – and to be more – than they ever thought possible.

Of course, teams all have their own qualities and quirks, and your approach should be adjusted to suit. Even so, a considered awareness of various leadership styles, together with the application of a few universal principles like those above, will provide a good foundation for your development as an effective leader.

Vistage International specialises in executive coaching and has 14,000 members worldwide.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Cut your speed to market and your costs!

FedEx Express has now created an account tailored perfectly for new small businesses. Instant account setup, online shipping, proof of delivery and an immediate discount of up to 15% off standard rates. Speed up your supply chain and gain the edge on your competitors! Visit: www.fedex.com/gb/smallbusiness

Looking to recruit?

Whichever role you are looking to fill you can be sure that Adecco only selects those candidates with a 'Can Do, Will Do, Will Fit' attitude. Better visit the people finding the people for London 2012.

Want help meeting your business objectives?

The Open University allows your staff to develop quickly, while causing minimal disruption to business operations. We can create solutions that help you to develop talent, increase professional skills and resolve business critical matters. Click to find out more.

Research

  • From video games developers to firms of architects, creative businesses of all kinds struggle to get adequate financing due to a misconception that they cannot be analysed systematically, claims a new report. The study comes from the Centre for Creative Business (CCB), a joint venture between London Business School and University of the Arts London.

Directors' Pay on AIM 2008

What is the average AIM company paying its chief executive? Who are AIM’s highest- and lowest-paid chief executives?

Global Technology Review 2008

Who are the world’s 200 most influential IT companies across sales, revenue growth, profits and net margins? Read more in the Global Technology Review 2008

More

Events Calendar

Investor AllStars 2009

23rd September, London Hilton, Park Lane

The CANACCORD Adams Media Magnate Awards 2009

26th March, Vinopolis, London

Rosenblatt New Energy Awards 2010

25th February, Natural History Museum, Cromwell Road, London SW7 5BD

More

More Analysis: Leadership & Management

Reinventing the media

These are testing times for media businesses. GrowthBusiness catches up with the winners of the Canaccord Adams Media Magnate Awards to find out how they are handling the various challenges they face. 

Save the world, quit your job

The global economy needs people like you to lead it out of recession, writes Simon Cook, CEO of venture firm DFJ Esprit.

The alpha leader in turbulent times

Forceful ‘alpha’ types are good at overcoming obstacles to get things done: perfect in a recession, you would have thought. But tough times can also bring out the ugly side of their dominant personalities.

Advertisement

Poll

Are you seeing green shoots?



Have your vote on current issues

People who read this also read

  • Growth in a downturn

    GrowthBusiness reports on recession-busting businesses in the UK.
  • Know your strengths

    It’s assumed that entrepreneurs make good leaders, but I’m not so sure, writes Michael Jackson.
  • Mastering motivation

    If you want to flourish, it’s vital you understand what makes people tick.
  • Less lonely at the top

    No one wants to see ignorance or indecision in their CEO, but leaders are human too. Here's how executive coaching can help.
  • Cleantech: another bubble?

    Sam Richardson, investment director at venture capital firm E-Synergy Ventures, asks whether the clamour for cleantech is genuine or yet another fad.

White Papers

12 Key Points to Consider When Selecting a Network Scanning Solution

Discover the 12 key points your company should consider before you evaluate and select a vulnerability assessment solution.

15-Minute Guide to Elevating the Customer Experience Through Statements

This guide focuses on the importance of customer statements, in particular the vital role they can play in marketing an organization's products and services, building and maintaining brand awareness, and reducing customer service costs.

15-Minute Guide to Intelligent Capture

Intelligent capture enables organizations to cope with enormous volumes and varieties of documents, accelerate information time to value, and reduce the IT burden of supporting multiple point solutions.

More

Take part in our competition and win a laptop

Growthbusiness.co.uk has teamed up with Insurantz.com to find out from you the secret of your business's longevity.

– Is it having a knack for hiring the right people or knowing that if you want something done properly, you need to do it yourself?

– Are you adept at reacting to changing market conditions and going the extra mile for your customers?

– Have you always had a keen eye for the numbers or made sure you have someone on board who does?

If your business has proven itself over a number of years, or if you know of a great local business and think it should be entered, then we want to hear about it!

A judging panel will draw up a shortlist of entrants for you to vote on to decide who will become the Growth Business Local Legend.

The winning company will receive computer equipment worth up to £500, plus £1,000 of business insurance (or free business cover up to an annual premium of £1,000 for larger businesses) all courtesy of our partners at Insurantz.com.

All shortlisted businesses will receive marketing collateral to promote your entry and encourage support from your customers and business associates. Everyone who enters the competition will automatically receive a 10% discount voucher code off insurance products bought from Insurantz.com.

To access the discount voucher code, please complete the survey.

At Insurantz..com, we encourage entrepreneurship, so start-up businesses are not charged extra when other insurers may decline or charge more. Insurantz.com offers a double-the-difference price guarantee on premiums where a better deal is found within 14 days of the cover start date.

Terms and conditions apply

Click here to enter the