Exactly how leadership styles can affect company performance

There are some core skills that every leader must work on no matter their position. Here are some examples.



Coming up with the best management method depends upon aspects like personality type, the size of the business or group you will be managing, and the market within which you operate. For example, strategic leadership is most suitable for companies that are looking into growth and expansion opportunities. In this context, a strategic leader is expected to generate business growth while at the same time managing the day-to-day business to ensure stability and consistency. For smaller sized companies that follow a simply technocratic model, a laissez-faire leadership method can be most effective as each worker would cover their area of knowledge with very little interference from senior management. Irrespective of the model chosen, to ensure the prosperity and resilience of any organisation, leaders should set out some objectives at the start of each year as this is a proven method to increase performance. This is something that individuals like Gianni Onorato of MSC Cruises will understand.

Leadership is a continuous learning curve that is often characterised by constant changes and enhancements to one's management approach. Similar to any other skill, becoming a much better leader suggests equipping yourself with a myriad of leadership qualities that can help you add to the development of your organisation and the development of direct reports. For instance, people like Katie McAlister of Cunard would likely agree that taking part in truthful and open communication is one of the most crucial cornerstones of good management. This is because having an open line of interaction with your personnel would encourage them to be more transparent, which in time constructs trust and enhances general morale. Beyond this, leaders must make an effort to connect with their direct reports and cultivate a sense of unity within the group. This could be accomplished in different methods but engaging in team building activities is extensively viewed as the most effective.

If you're preparing to go for management or leadership positions in the future, one of the very best strategies you can use is shadowing a terrific leader in your organisation. While theory is always an excellent basis for acquiring knowledge, useful experience reigns supreme when it comes to learning new abilities. In the context of leadership, make certain that you find a mentor that knows you personally and validates what you want to accomplish. Your coach can be your line manager, an executive person that you have a great relationship with, or perhaps a relative. This experience can really help you develop essential leadership traits as you would be learning first-hand from someone who has invested years and even decades in a position of leadership. People like Peter Hebblethwaite of P&O would likely concur that shadowing reliable leaders can be a fantastic learning experience to assist young leaders build the best skillset.

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