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In business, good leadership skills are the need of the hour as it can radically transform the business and make a positive impact on the enterprise. Companies should take initiative to support the growth and development of their leaders at every level.Business leaders ensure working at all levels that the short term goals are secured and long-term success is achieved through the same. Leaders can pick up the best talent, delegate responsibilities and motivate their team members to work at their best because a leader always has vision and ability to articulate it in such a manner that everyone within the organization knows their purpose.
There are many ways to encourage business leadership such as providing additional educational opportunities or organizing various workshops and regular discussion and guest lectures of great business leaders. Here are some profound ways in which you can encourage business leadership.
Encouraging to Choose a Path:
It is not a mystery that a company’s employees, shareholders and customers, all hold the leadership teams accountable. Great business leaders are recognized when they follow the path which they believe is best. We must reflect on this quality of being bold and self-assured and strive to carve our path rather than following the crowd. An example of this is Warren Buffet, American investor, business tycoon, and philanthropist, who is the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of US$71.8 billion as of July 2020, making him the fourth-wealthiest person in the world. Warren Buffet says, “Someone’s sitting in the shade today because someone planted a tree a long time ago.”He has followed an investment strategy of calm, cool and collected purchases and has ignored the idea of overnight successes. His performance in the investing world has been so legendary that he is often referred to as the Oracle of Omaha.
Give Opportunities To Lead:
When possible, giving permission to lead at their level can be one of the best ways to encourage a person to develop as a leader. Once we communicate this initiative at various levels of our organization, and everyone is comfortable with this idea, the next thing to do is to start creating opportunities within teams to place individuals in a position of leadership such as leading a meeting, a presentation, a project or a team.
Give Room To Fail:
We know leadership is the ability to inspire people and lead them in a direction. But we must acknowledge the fact that leadership is also a “learn by doing” activity. Thus, when leaders have to develop other leaders they must provide them room to fail by giving them opportunities where they have to step out of their comfort zone and undertake overwhelming tasks. A person take inspiration from on this is Reza Satchu Next Canada – Co-Founder. Reza Satchu is also President, CEO, Director at Alignvest Acquisition Corp and Managing Partner at Alignvest Management Corp. & Alignvest Private Capital. His job roles define his success and also what he has managed through adopting uncomfortable situations.