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What makes Richard Branson so cool? For starters, he built the first airline to sell tickets into space with Virgin Galactic, he was chosen by young entrepreneurs as the Ultimate Business Role Model and he’s probably the only CEO you can name who has won a Grammy.
To call his management style “unconventional” would be a gross understatement. For example, he promotes a hands-off approach to management that encourages employees to make their own decisions. Failure is taken in stride as proof that his people are really stretching themselves. For another, he has made it clear that brand awareness is a much higher priority than profits. It sounds like a recipe for disaster, but there’s no question he has been successful. The Virgin brand has proven itself successful across a range of industries, from a record shop, to an airline, to a telecom provider and 400 other companies. His personal wealth is estimated over $4 billion and he shows no signs of slowing down. His supporters say he has astounding foresight. His distractors say it’s just dumb luck.
Finding an ideal work-life balance can be tricky. The demands of both can take a toll for those who are not careful. Putting in long hours at the office and then long hours commuting, shuffling kids to activities and maintaining household responsibilities can leave even the most energetic people exhausted and burned out.
This is where balance comes in. The ideal work-life balance allows for both areas of life to co-exist peacefully, with neither spilling over into the other. The ability to be fully present at work, without the distractions of home life seeping in is essential to performing at one’s best. By the same token, the ability to leave work at work instead of taking it home is important, and means the difference between a full and happy life and a stressed and overwhelming one.
Extroverts are the new black in business, but don’t write introverts off just yet. There are times when the thoughtful, reflective leadership style is an effective alternative to outgoing, gregarious extroversion. Conversely, there are times when taking the bull by the horns and expressing one’s thoughts makes all the difference. Look at the best practices for mitigating the limitations akin to both managing styles.
Surprisingly, according to one Harvard study, which style is best for your business depends largely on your subordinates. When staffers are eager to share new ideas, address problems or suggest new solutions, introverts will foster an innovative, creative company culture.
So, you’ve discovered that your business needs a change — and that change is how your employees work. You’ve decided that they need to be more engaged, more motivated and that your leadership style has to change, but something just isn’t working. Your employees are resisting, almost on the urge of revolting, but why? I’ll tell you — they don’t know why they have to change. Change without reason, is as good as no change at all. All the tips in the world for how to engage your employees just won’t matter if you can’t implement them correctly. Here are a few steps that you can utilize to initiate change.
The Booth Company (TBC), a global assessment company with over 4 decades of experience, specializing in 360 degree feedback and survey customization, has 4 surveys featured in the recently published “Feedback to Managers: A Guide to Reviewing and Selecting Multirater… Continue Reading →
It’s no secret – Happy workers have a tremendous impact on productivity and keeping down costs. For many workers, flexibility is a key to maintaining a positive environment. Research shows that employees feel important when management makes it easier for them to work around their personal schedules. Not only does this increase demand for flexibility in scheduling, but it also suggests that companies should reevaluate where and how work is completed and their control over how employees spend their time.
According to a Gallop Poll, over $350 billion are lost each year due to satisfaction problems in the workplace. Changing management techniques and adopting the best practices can help your staff feel their jobs are truly a benefit to their lives.