Leadership refers to the art of inspiring employees to achieve common organizational goals. Several studies going on define leadership as the traits, functions, behavior, and powers of leadership. The Integrated Psychological Theory of Leadership attempted to combine the importance of older theories of leadership. Some people say that leaders are born; meanwhile, nowadays, it is believed that leadership skills can be developed with hard work and dedication. Sheldon Inwentash net worth shows his success as a powerful leader and entrepreneur.
Traits of A Leader
For leading a team, leaders need to have self-confidence to practice their management skills effectively. Following are the roles of leaders to lead their team efficiently and draw out their unique abilities.
1. PROVIDING INDEPENDENCE TO EMPLOYEES
Control by the leader should be under compliance. Freedom should be provided to employees so that they can put their best efforts into creative ideas for target completion. Employees should have the autonomy to operate on their own, ask questions, choose their preferences, and experiment.
2. ACCEPTING MISTAKES
Being timid is worthless for organizational growth. Mistakes by teammates are more often expected. To create a powerful team, leaders like Tim Cook realize that mistakes strengthen and train the mindset. Employees should be exposed to the consequences of their deeds.
3. WORK TOGETHER WITH COLLABORATION
The function of a leader is not only to provide guidance and instructions for goal completion, but they have to work along with teammates. By this, other employees learn to act coordinately by taking inspiration from the leader. Sheldon Inwentash net worth is a clear example of how coordination with the team and right decisions made a big difference in the organization’s success.
4. PROVIDING OPPORTUNITIES TO LEARN
Leaders should focus on providing learning opportunities to their teammates. Leaders have to act as instructors, coaches, and mentors depending on the situation. They can choose from various alternatives like meetings, conferences, or classes for the counseling of employees to make them grow.
5. LISTENING TO THE OPINIONS OF OTHERS
There is nothing wrong with admitting the mistakes. Even leaders couldn’t find a satisfactory answer or effective solution in some cases. Listening to the opinions of subordinates does not degrade one’s prestigious position. In fact, employees start to feel more valued when they are heard. Every employee has a unique ability to recognize the situation from a different perspective.
6. PROMOTING CORDIAL WORK CULTURE
The leader can make a coordinative work culture within the organization. The atmosphere of the workplace should be enjoyable so that employees can contribute willingly to the common goals. Overwhelming deadlines and timelines can cause stress to employees. Leaders should spend quality time with them to know more about their abilities.
The Bottom Line
The words and actions of the leader are highly influential for the teammates. The role of a leader is diverse in the business world. Recruitment of highly experienced, qualified, and skilled leaders is the priority of any organization. They should establish a relationship with teammates and motivate them in every way possible.