Insights, Ideas, Results
When you are in business, you are always looking to get mostvalue for money. Making sure you get the best deal possible on the services you buy is important. Doing so helps to ensure that you have a healthy profit margin. It is part of what enables you to offer your product at a competitive price and beat your competitors.
Adaptability is integral to success in business. The companies that have stood the test of time have evolved through the ages, becoming reflections of society itself. The best leaders are those who can adapt to succeed in any situation. Businesses often go through transitional periods and changes that require a flexible team that is willing to trust their leader. Leading others through change is a challenge, but keeping your team together to grow stronger through times of hardship can bond your staff together.
As you research MBA programs online, one thing you’ll find across the board is an emphasis on leadership. Learning how to become an effective manager is a core component of your journey in business school. Organizational stress is just one hurdle today’s managers experience. It can lead to profit loss, increased costs, employee burnout and more. Learn the ramifications of organizational stress and how you can avoid it altogether in our latest infographic:
Organizational Culture in word collage
“Teamwork is an individual skill.” – Avery, 2001
When team is effective, emotions of enjoyment overwhelm us leading to everyone in the team feeling satisfied. As productiveness increases, trust grows stronger and satisfaction enhances success and efficiency. The result is a productive team which easily reaches goals.
The question is how productive can teamwork be in a business setting? The answer can be quite simple: since we are egoistic beings and find content in success, if we commit ourselves to our team to that extent to be egoistic about it, our actions will be oriented toward the team succeeding.
In today’s competitive business environment, recruiting the most talented employees is hard enough. Holding on to them is even harder. As time passes, employees may naturally begin to lose morale and energy. Productivity drops and so do profits. But you can change all that by planning regular seminars with motivational speakers.
The topic of how to boost employee motivation is one that has been covered exhaustively in many a blog post. However, what you may not realize is that it’s just as important to take steps to protect existing employee motivation.
When you go back to school online to earn your BS in Organizational Management, you’ll learn that many employees are already quite motivated. In fact, most employees are excited about their careers and come into their jobs brimming with the desire to do their best work. What these employees need most is to avoid being de-motivated by poor management practices, like the ones below.
Project management is a must have skill for small business owners as well as managers and executives of large companies. Anyone can dream up new projects without much effort. Only those who can execute those projects stand to succeed in their endeavor. History is rife with examples of projects, large and small, that have either failed or overrun their time and budget because they were not managed well. The managers in charge of these projects did not possess and exhibit necessary skills required to take them to the finish line.
It is said that leaders are not born, but made through hard work and dedication. It takes different types of skills to advance in your profession and be a true leader that everyone admires. Unfortunately, these “soft skills” are not taught in the classroom. You have to learn these skills on the job and by seeking advice from friends and professional colleagues. The good news is these skills can be learned, and once you master them the payoff is significant in terms of promotion and pay increase / bonus. You don’t even have to wait till you get a job to learn these skills. You can teach your school going kids these skills to give them jump start on their future careers. After all, you need a combination of school education and soft leadership skills to get hired and advance in the career.
A great leader or business owner not only knows how to run his company, but he is also a great motivator and coach to his employees. Think about it – your business is only as good as the contribution made by your employees and you are only as good as the value you can get from your employees. That is why coaching and motivating your employees to bring out the maximum potential from them is one of the most important jobs of any leader.
The problem is not every leader is a born coach. There are those who are natural at bringing out the best from others and there are others who make employees run away from them. With little help and determination it is possible for a leader to improve his coaching skills. All you need is to put yourself in your employees’ shoes. Below are 3 important steps you need to take to be a better coach.
