Leadership

Strategic Planning What is Strategic Planning Strategic planning is the process of documenting and establishing a direction of your small business—by assessing both where you are and where you’re going. The strategic plan gives you a place to record your mission, vision, and values, as well as your long-term goals and the action plans you’ll use to reach them. A well-written strategic plan can play a pivotal role in your small business’s growth and success because it tells you and your employees how best to respond to opportunities and challenges. (Vo, 2018) Benefits of Strategic Planning The strategic planning process can take some time, but it’s helpful for everyone involved. The small business owner, you’ll have a superior idea of the goals and objectives you want to accomplish and a path to do that. For your employees, the process can foster an increase in productivity, contributing to the success...

Business Strategy A business strategy can be defined as the combination of all the decisions taken and actions performed by the business to accomplish business goals and to secure a competitive position in the market. (Pahwa, 2020) Importance of Business Strategy A business objective without a strategy is just a dream. It is no less than a gamble if you enter into the market without a well-planned strategy. With the increase in the competition, the importance of business strategy is becoming apparent and there’s a huge increase in the types of business strategies used by the businesses. Why the business needed strategy? (www.feedough.com, 2020). ·          Planning A business strategy is a part of a business plan. While the business plan sets the goals and objectives, the strategy gives you a way to fulfill those goals. It is a plan to reach where you intend to.   ·    ...

How to Become a Better Leader   Introduction Everyone can be a leader, yet only a select few can become a great leader. Regardless if have worked your way up the corporate ladder or just started your own business, the route to leadership is never an easy one. Good Leader ·          Learning how to be a good leader can greatly impact the success of your team, your organization and yourself. ·          To be an effective leader, you must understand your own motivations, strengths and weaknesses. ·          Great leaders connect with their team by facilitating open communication, encouraging employee growth and development, and giving and receiving feedback. Anyone can sit in a corner office and delegate tasks, but there is more to effective leadership than that. Effective leaders have maj...

Transformational  leadership model The concept of transformational leadership started with James V. Downton in 1973 and was expanded by James Burns in 1978. In 1985, researcher Bernard M. Bass further expanded the concept to include ways for measuring the success of transformational leadership. This model encourages leaders to demonstrate authentic, strong leadership with the idea that employees will be inspired to follow suit. While Bass’ model dates to the ’70s, it’s still an effective leadership style practiced today — this style of authentic leadership never changes, just the environments it’s used in. It’s applicable across every industry, but it’s especially vital to the fast-paced tech industry where innovation and agility can make or break a company.  (White, 2018) Model for motivating innovation Transformational managers’ are innovators. They usually believe change and growth is the only way to stay ahead of the curve, so they push their employe...

Leadership Skills   Leadership Leadership is the ability of an individual or a group of individuals to influence and guide followers or other members of an organization. Leadership involves making sound and sometimes difficult decisions, creating and articulating a clear vision, establishing achievable goals and providing followers with the knowledge and tools necessary to achieve those goals. Whether one is an office manager or a project leader, all good leaders require a number of soft skills to help them positively interact with employees or team members. Effective leaders have the ability to communicate well, motivate their team, handle and delegate responsibilities, listen to feedback, and have the flexibility to solve problems in an ever-changing workplace.  (Doyle, 2018) Source :  (skillsyouneed, 2018) Skills Good Leaders Need There are a number of broad skill areas that are particularly important for leaders. These...