Adopt these ten management principles and become the leader that everyone in your organization respects and admires!
There is much written on the subject of what makes a person a great business leader.
In my most recent book, The Executive Checklist, I argue that while there are many characteristics that make for great leaders, there are ten management principles that most of the good ones adapt and make their own.
Let me share them with you:
1. Have a Vision and Share It
The dream, or vision, must become the stuff of rallying cries and express the common goal that the leader and team will share. Once the vision is defined, the leader must articulate it and spread the message across the enterprise. Great leaders recognize that this must be done in a way that enables understanding and buy-in among their teams.
2. Strategic Planning is an Ongoing Process
Strategic planning is the means by which an organization identifies, organizes, and executes the projects and programs needed to realize the vision. The best leaders know that strategic planning should be done continuously. Strategies must be adjusted as the marketplace shifts to ensure proper alignment with what is needed for vision achievement.
3. Manage Work as a Portfolio of Projects
If the strategic plan comprises the projects and programs needed to achieve the vision, then a project portfolio becomes the mechanism by which work is managed and performed. Exceptional leaders ensure that their business resources are properly allocated, and that project and program investments are rightly monitored and adjusted to achieve long-term success.
4. Deliberately Weave Trust into the Organization
Friedrich Nietzsche sums it up in his famous quote, “I’m not upset that you lied to me; I’m upset that from now on I can’t believe you.” We all want to believe in and trust the people that we follow. Offer any reason for a person to doubt your intentions and that you’ve lost them for life.
5. Engage and Inspire Staff to Greatness
Staff engagement is not an optional chore. Rather, the most prodigious leaders work to engage and inspire their staff every day. This 2-minute video offers some tips to consider when you work to engage your team.
6. Drive Active Business Renovation
Great leaders renovate in order to strategically differentiate their enterprises from the competition. They do not drive change for change’s sake. This distinction is an important one to make because it serves to inform the decisions about which types of changes and improvements must be made to best compete.
7. Transform their Teams
In many ways, renovating business processes are the easiest part of a leader’s job. Transforming staff so that they continue to contribute at the highest level of performance can be a challenge. Staff transformation is an obligation that leaders of all levels of an organization cannot overlook.
8. Seamlessly Integrate Technology into the Business
Outstanding leaders recognize the need to understand all of the technology implications of their strategies because it is the only way that they can be sure that the “right” technology is integrated into their businesses.
9. Optimize Communication to Ensure Business Accomplishment
Open and honest communication is a vital ingredient for success within the modern-day work setting. Staff must be able to readily access all relevant information and know-how, wherever it exists, in the format desired, and have confidence in its quality in order to use it. Hence, the best leaders know that the regular renewal of communications practices is not only in order but is essential to remaining competitive.
10. Re-imagine their Organizations
It is well understood that most people don’t like change. However, staff resistance to change does not deter the most brilliant of leaders. They know that it comes with the territory! They know that it’s their job to re-imagine what their businesses can become.
To close, I hope that you have found these management principles revealing and insightful.
Indeed, the breakthrough thinking that is offered here is not so much the importance of any one of the principles. Rather, it is the unique entirety of the list of principles that can make a difference for a leader and those aspiring to become one.
If you choose to embrace the ideas presented here, please be sure to let me know how you have fared.
Which Management Principles Should Leaders Embrace?
If you have ideas that you feel like sharing that might be helpful to readers, share them in the comments section below. Thanks!
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