Leadership is a science and an art at the same time. Great leaders have great skills and can lead their teams effectively. While it takes time to build the skills and grow into leadership, there are a few things you can do to improve your leadership skills immeasurably. Leadership can set the line between teams or even companies that fails and those that survives in the market. James River Capital Corp. is a testimony to that. It has beaten odds to become a go-to-source for investment advisory services, investment management and other services. Learn more: https://investor.com/rias/james-river-capital-corp-133297
A lot of research has gone into leadership development. Research has pointed towards these three key changes to improve your leadership style.
Be supportive to your team
Brilliant leaders such as Paul Saunders, James River Capital founder, don’t just lead a team, they support the team. This is a fascinating strategy that has worked for many leaders including leaders at Facebook. The ‘support’ instead of ‘lead’ approach can change how you perceive things and also change how you interact with your team members. Small changes like these ones will go a long way into making a big impact on your leadership skills.
Encourage and welcome escalation
It has been found that employees withhold information from their employers for fear of getting in trouble. This can cripple your collaboration, innovation as well as engagement efforts. You need to maintain open communication channels with your employees if you’re to get the critical feedback from them. Psychological safety involves making people comfortable coming to you with their challenges, problems as well as improvements. One way to create psychological safety is through encouraging as well as welcoming escalation. It helps to be appreciative. Another way is giving everyone a chance to express themselves during a team meeting. Follow James River Capital on LinkedIn
Every opinion matters
Supporting your team means eliminating all obstacles obstructing team members. Team members holding back can be a big obstacle. You should see to it that all team members have an equal opportunity to express their thoughts in meetings. You could start by making a list of all meeting attendees. Then, after a member speaks, you check the name. Engage the ‘silent’ members and give them an opportunity to bring their input. While making sure you are not being pushy, ensure every member speaks and make everyone’s opinion feel valued.
As much as leading might sound all you need to do to make a team achieve its goals, great leadership goes beyond that. It involves being supportive, understanding and open to new ideas and opinions. The three changes have been tested and even James River Capital Corp embraces the above as a way to lead effectively. James River is a registered investment advisor and commodity trading advisor.