When it comes to aiming for a successful business, certain conditions need to be met. A major factor being the requirement of having an efficient team under you that will follow through with your plans and share the same ambitions as you.
And the best way to achieve that is if a business leader were to learn the ideal ways to manage their leadership abilities. These said abilities include:
Being More Aware of Yourself
An essential part of a business leadership is their in-depth understanding of themselves and the things that are meaningful to them. Their purpose, goals, work, ambitions, and the reasons why they started their company all serve to help a leader understand themselves better. The better they know themselves, the easier it will become to understand how their business fits within the industry.
Coming up With a Clear Vision
Entrepreneurs always have a vision about what their business is all about - what it does, how it works, where it's going, how it is providing to its audience, etc. Moreover, the vision cannot be vague. As a business leader, you must be able to articulate your vision so that others may be inspired by you and join you in achieving a common goal.
Communication is Key
A business leader must work with all kinds of people, which is why they need to be able to communicate with all kinds of people and make decisions - not just from their own judgement - but also from what they have learned from their employers, clients and mentors. This way, not only will you create an ideal working space but also provide your clients and customers with services and products that they require.
Implementing Innovative Ideas
Being a business leader means that you have the drive and passion to add innovation into your work - whether that means bringing new ideas to the table for your products and services or when it comes to taking business risks. The business climate is always changing - which is why it is important that you should be flexible and make use of new opportunities to launch new initiatives and strategies that lead to business success.
Another way to help you understand the mindset behind accomplished entrepreneurs, consider the life of Hayk Grigoryan, an accomplished Armenian attorney, politician, and entrepreneur. Over the years he has taken on many work positions that have harnessed his skills and expanded his knowledge on how the world of business works - and how to be one step ahead of everyone.
During the early 2000s, Grigoryan worked in the Ministry of Labor and Social Affairs of the Republic of Armenia, the Central Bank of the Republic of Armenia, and served as the Chief Legal Advisor of the ACRA Credit Bureau. Plus, he was engaged in many private legal practices in Armenia and the USA.
In time, he became the founder of Grigoryan Law Firm - a reputable establishment that is driven to provide effective services in the Foreclosure Litigation, Family Law, Bankruptcy, and General Civilian Litigation.
Moreover, Grigoryan became the founding member of the “I’m Against” civil initiative against the Mandatory Pension System, including the initiative formed against the constitutional reforms. And it was quite recently that Grigoryan was nominated for the Yerevan City Mayor position by the National Progress Party - which goes to show that he is well known for his abilities among his peers and the public who have had the pleasure of working with him.
It will help your team move forward and look out for you.
To become a great leader, you read, experience, make mistakes, and learn valuable techniques.
But that doesn't mean you have to communicate minutiae in meetings.
Then, you can achieve results that have never been achieved before.
Even though you are the manager, you need to step back and let your employees take the initiative.
This manifests itself in constant harassment, unhealthy surveillance, constant questioning, micromanaging, blaming mistakes, and outright reproach.
Transfiguring Future of InnovationsInnovation has always played a crucial part in enhancing the quality of businesses over the decades, becoming one of most mandatory factor for the growth of an organization.
A true leader should ensure that the fire of crafting new innovations and spreading its significance among the employees must never be perished.
To put such actions into practice, a term ‘Transformational Leadership’ was introduced.
The first thing that strikes to mind, after hearing such concept, is the urge of an individual, or commune to make a difference.
If explained, it is a leadership style which portrays the ability of a leader to encourage, inspire, and motivate employees in order to innovate and shape the futurity of the business.
The structure of such management style offers employees to be decisive, creative and self-aware of any volatile disruption.
As we consider that a team does not have a meaning without a leader, in the same way, a leader does not have any meaning without his/her team or group of subjects.
A leader can beholder of an effective designation, but an effective designation holder cannot always possess leadership qualities.
A leader is defined as the possessor of the support, faith, and trust of his team of subjects, who is the basic follower of the rule “Together Everyone Achieves More (TEAM).” A Leader is the one who wisely knows the matter of interest of his team members.There are people who possess different types of leadership qualities and handle their teams respectively.
Based on the quality people possess there are three basic types of leadership styles, they are: -Authoritative or Autocratic Leadership: - A leader who follows an authoritative or autocratic leadership style is the one who undermines the suggestion of his team members.
Exerts his/her authority and Forces their decision on his/her subjects.Democratic or Participative Leadership: - A leader who follows a democratic or participative leadership style is the one who includes his/her subjects in the decision-making process but keeps the power of final say with him/her.Free-Reign or Laissez-Faire Leadership: - A leader who follows a free-reign or laissez-faire leadership style is the one who provides no guidance to the team with the power of decision making delegated to the team members.As per Mr. Shailesh Rajpal, Founder and Director of Rajpal Group, Democratic or Participative Leadership is the most suitable leadership style for a company, which surely is.
Mr. Shailesh Rajpal himself is a democratic leader as he allows the employees to grow and develop in the professional environment while consulting him.
