Once upon a time, there may have been one leadership type and one type only. In fact, a lot of business leaders didn’t even give a second thought to the theory behind leadership.
Nowadays, all of this is changing. Not only are there umpteen different theories that have been published about the various methods that successful leaders adopt, but there are even online MBAs which delve into the ins and outs of how to be a success in this regard.
As the title of today’s post might have already given away, we are now going to focus on some of the common mistakes that are made in relation to leadership. Sure, swaying away from these isn’t going to guarantee that you are a success in your respective industry, but it will go a long way in helping.
You don’t define goals
We are now in an age where every business will define goals. Through the likes of the SMART method, these have become much more understood and companies can therefore take advantage accordingly.
However, even if a business might outline their expectations at the start of every financial year, this doesn’t always filter down to employees and their individual targets. Without these, your employees don’t really have a purpose and don’t know what they are working towards. It can result in a lack of motivation, and your workers not really knowing how their work contributes to the overall success of the company.
You only motivate financially
While providing employees bonuses might be well received, it’s probably not the most effective form of motivation. This is one of the most surprising things that a lot of prospective leaders hear, but studies have shown that financial rewards are only the tip of the iceberg. Sure, they might have a short-term effect, but beyond then their effect wears off.
Instead, you need to give your employees a purpose. They need to know they make a real difference to the business, as well as being respected for the work they do. Work on these, which don’t cost the business any money we should add, and watch your team’s productivity soar.
You don’t delegate accordingly
The importance of delegation should never be underestimated. This is something that a lot of leaders struggle to let go off; over the years they have developed a reputation in their field and when it comes to managing a team, they just can’t let go.
At the same time, some people are happy to delegate, but just don’t delegate very well. They don’t play to their team’s strengths, and this is usually because they possess insufficient knowledge of their department.
Without effective delegation skills, your department just won’t be able to function to its full potential.
You don’t provide feedback
Finally, we really can’t stress the importance of feedback. Learning how to deliver criticism, in a constructive manner, is something that can really spring your team into the right direction. At the same time, delivering feedback on a person’s strengths should never be underplayed; after all, you want them to continue to perform in such a manner.