Why Leadership Training & Development?

Leadership courses are an important investment for organizations.  In 2016, millennials became the largest group in the US workforce, according to PEW Research Center. When the majority of industry pioneers and top level managers are retiring, it becomes necessary to look into leadership training programs to ensure that successors have the leadership competencies to continue running these businesses successfully.

This article will go through  the benefits of enrolling in a leadership course that will help you create leadership strategies which increase team performance. This article lists the 5 leadership styles your organization needs to build effective leadership across your organization.

Benefits Of Enrolling In A Leadership Course

Most leaders have been hired because of their academic background or their work experience. Either way, it is important to get them accustomed to your organization and build the specific leadership competencies that your business requires. This is why enrolling them in a leadership training program customized to meet your organizational needs is crucial.

To discover which leadership courses can best benefit your organization from a wide array of leadership training program offerings at IMD business school, this article will explore how your organization can benefit from a well-designed leadership course.

1. It will help increase your team’s work productivity

A manager with effective leadership can engage a team to work resourcefully and more efficiently. Managers study lean operations and team building strategies that will augment their leadership styles. Increased productivity canmake your company more competitive and as all businesses wish, earn more profit. This promotes growth and frees resources to innovate and improve your products and services.

2. It will help you raise future team leaders for the business organization

Managers will learn how to provide effective leadership coaching from their leadership course. Good leaders need to be able to mentor and train people in their teams to become their successors. This prepares your team to step up and take on more responsibility as the need arises. It will also allow you to be ready to take on greater responsibility as you work on your own career progression. Some managers are threatened by the prospect of training individuals who can replace them but it should be viewed as an opportunity to ensure your progression when someone from your team can take on your position.

3. It will decrease employee turnover

Leadership courses do not exclusively teach technical skills. They also focus on a lot of self-development courses that improve soft skills and help make more holistic leaders through inward transformation. Leaders can learn to improve connections with their people. Communication skills are improved by creating a more cohesive and engaged team. When employees are happy, people will want to stay, and negative attention will be avoided.

4. It will increase employee engagement

 Training courses should not be offered exclusively to managers. There are a lot of benefits that also impact employees if they too are enrolled in leadership training courses. Employees will feel more empowered and will be happier coming to work if they feel that the organization is investing in their professional growth. Higher engagement means a more loyal, more productive workforce.

Leadership Strategies That Can Help Increase Team Performance

This article will discuss the different leadership strategies that you can employ in your organization to help you speak to your team members as a leader. These leadership strategies help you connect and build rapport with your team members in order to engage and influence them to work towards achieving your organization’s vision and goals. A number of leaders fail to use these leadership strategies in driving their organization towards innovation and transformation.

A study by HBR revealed that only 4% of leaders are capable of success in this area. Investigate the following strategies and browse the leadership development programs that will help hone your leadership competencies in being a major influencer in your organization.

1. Encourage positive employee recognition

It is natural for people to seek approval from people they look up to, and being rewarded for their efforts can certainly improve team performance.  Employee recognition can be either extrinsic or intrinsic. Leadership courses will help you identify which is more effective for certain types of employees at different stages in their personal and professional lives. Positive employee recognition deals more with the intrinsic side where employees are motivated when their hard work is appreciated and recognized.

2. Give rewards and incentives to top performers 

One of the leadership strategies to increase a team’s performance is identifying and rewarding top performers in the organization. When employees receive the incentives and rewards they desire they will be motivated to do more. An effective leader will need to know how to balance the different recognition styles among his group members to achieve maximum team performance. Some employees are more motivated by extrinsic rewards systems and an effective leader will be able to use this as a driving force to increase team performance.

3. Delegate authority but not command responsibility 

An effective leader can identify team members who are ready to take on more complex tasks. With proper leadership coaching, top performing team members can be trusted to perform tasks beyond their job description. However the leader is still responsible for the team’s outcome. Team performance increases because as your team takes on more tasks outside of their usual remit, you will be able to focus on tasks that have more impact on the organization.

Practical Tips:

Tip 1. Identify tasks that can be delegated

If you are not able to delegate an entire job responsibility to a team member, try to identify smaller tasks and distribute them to certain employees. It may even be beneficial to create a supervisory skill builder program where your team members will be taught some skills on top of their current job responsibilities. Those who successfully undergo this training program can then be given more responsibilities and can be lined up for potential promotions. 

Tip 2. Use a feedback loop to ease future delegation

When you decide to delegate some of your tasks to your staff, ensure that you monitor progress, as you are still accountable for these tasks. Whether the task completion is successful or not, the leader should request feedback from his employees on the level of ease or difficulty of the tasks delegated. This will allow you to identify  more complex tasks to delegate if the level of ease was high, or find tasks with lower complexity if the level of difficulty was high.

5 Types of Leadership Styles

They say “leaders are born not made.” While genes may play a part in possessing some innate leadership competencies and leadership intuition, a successful organization will also need to cultivate their leaders. In order to thrive, an organization needs effective leadership that is consistent and proven to be successful, even during difficult situations. Effective leadership may present itself in different leadership styles. You will need to understand each style to know which one to apply to a particular situation. Your enhanced self-awareness will give you the confidence to decide which ones to use each time. Identify which leadership style from the types below best fits your personality, and which one can be more effective for your organization.

1. Laissez-Faire Leader

Laissez-faire literally means “let-do” in French. This type of leadership allows its team to follow their own intuition. Leaders who use this type of leadership are very hands-off and delegate most of the decisions to the team. This type of leadership is effective when your teams are highly skilled, motivated and do not like to be micromanaged. The downside of this style is that when you have a young team that still requires direction, oversight and mentoring in order to do their jobs, laissez-faire leadership will lead to low productivity and low morale.

2. Participative Leader

Democracy is the main theme of a participative leader. This type of leader garners ideas from the team in order to come up with the most accepted decision. The possible negative slant to this leadership style is that decision-making becomes more time-consuming as all inputs from the team members need to be collected. Another downside is that the most popular decision may not always be the best decision. On a positive note, collaboration and innovation are encouraged and team members enhance their creativity in their work as they are given freedom to discover what works best to achieve the needed results.  

What Leadership Training & Development Mean For Your Business

It would be ill-advised to wait for a catastrophic business event to happen before you enroll your leaders in a leadership training course. Developing your leaders should be a continuous commitment of businesses in order to have effective leadership throughout the organization.

When you equip leaders with the knowledge they need to be successful at their jobs, you will have a stronger, highly engaged and more empowered team that will bring your organization to where it needs to be. Good leadership means understanding the different styles and knowing which ones to use alongside strategies which will work best with each business unit. Investigate the best training courses for your organization today and be ready for the future.