In today’s business world, with a lot of inter- dependent tasks taking place, it is essential that teams work with a certain set of commitments. Here, the leaders need to ask questions about promises from others they are going to work with. This is especially true for peers in different verticals or departments rather than for subordinates or those working in the same team. This will have great effects on the overall talent management practices, because only then will team leaders be able to make commitments to their team members as tasks won’t get stuck because of another team’s delay. One major caveat here is that those who are really responsible people, will not want to making such commitments easily.

Source:https://www.strategy-business.com/blog/Why-Leaders-Need-to-Ask-Is-That-a-Promise?gko=e95a8

Uploaded Date:31st December 2018

A new book published In Leading Organizations: Ten Timeless Truths, the basic issues facing today’s leaders have been outlined in. The writers – Maty Meaney and Scott Keller-mare both senior partners at McKinsey. Talent recruitment and its further retention is now challenge number one for business leaders. Another major one is the management training for the existing staff. Creation of leadership teams, leading business transformation, managing performance, transition towards new leadership roles. Reducing the overhead costs which accrue long- term, decision making and team reorganization to ensure value capture are the other key challenges. Last but not the last of challenges is to hone company culture in a manner that it becomes a competitive advantage.

Source:https://www.mckinsey.com/business-functions/organization/our-insights/successfully-transitioning-to-new-leadership-roles

Uploaded Date:31st December 2018

A lot of companies and teams suffer from the malaise of group think or herd mentality. To fight this, a few leadership strategies have been identified by the Forbes Coaches Council. First of all, each member of the team must be asked to brainstorm in isolation. The talent recruitment must be geared towards diversity and not conformity. This will allow for exploring the other approach to one already being done. These diverse viewpoints and the team members proposing them must be prioritized. Leaders must themselves speak last after absorbing the points of the others. Another method to engage the team is to split them into two and make them debate meaningfully on topics. Employees must feel comfortable and safe when sharing these viewpoints. Also, to be encouraged must be critical thinking. No team must be settled at any one point. There must be constant churn of ideas and growth.

Source:https://www.forbes.com/sites/forbescoachescouncil/2018/12/04/10-leadership-strategies-to-discourage-groupthink-on-your-team/#3bf61b6d324f

Uploaded Date:31st December 2018

Leadership is not just deemed on the basis of a designation, but also needs to be earned. The top bosses at several corporations in the recent past such as at Wells Fargo, BP and Volkswagen have realized this the hard way, after theirs and their companies’ reputations took a nosedive. For leaders to be credible, two elements are central. One is their perceived level of competence and the other is their trustworthiness. These views get formed over time, through direct or indirect interaction with the leader. This sort of intelligence gets amplified further in the present digital age due to the business intelligence that all employees, other stakeholders or the general public pick up through social media, AI systems or smart sensors. There are some broad values that the best of leaders are associated with. This includes the affirmation of shared values, development of new capabilities, appreciating others in the team, understanding oneself and bringing a sense of hope to the enterprise.

Source:https://sloanreview.mit.edu/article/why-people-believe-in-their-leaders-or-not/

Uploaded Date:28 December 2018