What’s the Best Leadership Style for Your Business?

Effective leadership is at the core of any successful business. A good leader knows how to motivate his employees and listen to their needs. He also has the skills required for managerial activities. The best leaders will approach each new project thoughtfully, see the lighter side of things when times are tough, and help others reach their career goals.

From situational leadership to transactional leadership, there are various ways to run a business. An experienced manager or CEO should be able to choose the right approach for the situation. Studies indicate that successful business owners combine two or more leadership styles. The goals and culture of an organization determine which one works best.

Here are the most popular leadership styles and their unique characteristics:

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5 Tips to Improve Employee Communication and Engagement

Employee communication is a pre-requisite for improving the employee engagement. Lack of communication from the leadership can create an environment of suspicion and rumours that becomes counter-productive to managing the business. This in turn can hurt your customer service and eventually sales. It is imperative that business leaders find ways to improve not only formal communication with employees, but informal, ad-hoc communication as well. Use the tips below to do just that.

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3 Basic Skills Small Business Owners Must Have

Running a business is always challenging. With marketing being as competitive as it is today, business owners must go the extra mile to gain competitive advantage. If you are a business owner, you must be familiar with the ups and downs of the market. Some of you might even know how to cope with market changes already.

Before you can go further and take your business to a whole new level, however, there are several important basic skills to master. These skills will help you lay a strong foundation for growth and keep your business on the safe side at all times. In this article, we are going to focus on the three basic skills small business owners must have and whether they can be outsourced to ease your burden.

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Common Management Styles

When considering career success, tangible qualities often come to mind, such as the type of work and salary. But one critical factor to your success is leadership style, both in how you manage people and how you like to be managed. Effective managers can improve productivity and employee morale and reduce turnover.

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Emotional Intelligence in Business

Throughout history, scientists have tried to measure intelligence in many different ways and formats. These measures of intelligence have been used to rank people in ability, talent and other characteristics. For a business seeking new employees, finding highly intelligent candidates is key. But how much does intelligence truly relate to workplace success? Does emotional intelligence factor in, and if so, how?

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Did you know? Happy employees are 12% more productive

Happy business people laughing against white background
Companies and HR professionals have debunked the general perception that higher salaries equate to increased productivity of employees. They have also accepted that happy workers yield better output. But a study by economics professors from the University of Warwick gives scientific support to these assumptions.

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What is Different about Managing Millennial Employees

Portrait of smiling business colleagues
Millennials passed Generation X in the first quarter of 2015 to become the largest share of the American workforce, according to the Pew Research Center’s analysis. They represent 34% of the total workforce in the U.S. Millennials are defined as those individuals who were born between 1981 and 1997, which makes them between 19 and 34 years of age – a prime employment age. There are approximately 53.5 million millennials in the U.S.

The size of the millennial workforce itself is a force to be reckoned with, but in addition to size, their style of working also poses challenges for the business leaders who are no familiar with this generation. This generation is not like their parents. They value different things in life. They have their own ideas about how business should be conducted and they have their unique working style. All these factors combine to make it seem like today’s business leader will never be able to manage them well.

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7 Practical Tips to Establish Strong Relationship with Your Employees

Employee Engagement
They say it’s the people that make a company. If you are reading this article right now, it’s because you realise the importance of your staff and creating the best environment possible to produce quality work.

When you think about it, your employees are on the front line. They are the ones driving in new clients, interacting with customers or clients and more. It makes complete sense to want to do everything you can to make sure they are happy and engaged workers.

There are some tricks for optimal employee engagement, however. This article will discuss some of the ways you can build a good rapport with your staff and ensure they are motivated to keep on performing at their best. Building trust is essential and is the foundation of a great working relationship.

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Is It Worth to Attend Work Conferences and Summits for Business Leaders?

If you are a proud owner of a small business, or a leading representative of a large and well established corporation, you know that leadership begins with a positive attitude. If you can communicate full confidence in your own judgment and abilities, you can transmit this positive outlook to your employees and clients. However, if you have recently been feeling the strain of overload or burnout, you may not be communicating this positive outlook to your employees. If you are operating at less than optimal efficiency, it may be time to get professional help in order to restore your efficiency.

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5 Important Areas to Outsource When Starting a Business

When you decide the time is right to start your own business, there are many factors and areas you need to consider. Will you run your company from your own home? Will you take on staff at first? How will you fund the business to begin with?

You could spend a considerable amount of time working everything out before your business takes off. And rightly so. If you do not think things through thoroughly, you could run into major problems once you have already started operating. So it is better to iron out any potential problems before you get started with your company.

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