Leaders have to live their businesses !!
The CEO was sitting in his office late one evening, looking tired and drained. He was trying to explain to a visitor why his great strategic initiative had failed, but he could not figure out as to what had gone wrong.
"This was the brightest team in the industry. I assigned stretch goals. I empowered them and gave them freedom to do what they needed needed to do. They knew the rewards and penalties. We worked together with high energy. How could we fail?"
Effective Leadership is the Key Element. The Leadership here is not about the fancy designation you hold, or the number of people assigned to your team. Leadership is resultant of series of coordinated efforts and activities that are repeated and enforced by the leader, day in and day out.
Leaders have to live their businesses !!
Following are seven essential behaviors that form the key building block of execution:
- Know yourself: Good leaders learn their specific personal strengths and weeknesses, especially in dealing with other people, then build on their strengths and correct their weaknesses. They earn their leadership when the followers see their inner strength, inner confidence, and ability to help team members deliver resuts, while at the same time expanding their own capabilities
- Know your people and your business: In organisations, with weak execution action, the leaders are usually out of touch with the day-to-day realities. Here, leaders are getting lot of information delivered to them, but it is filtered - presented by direct reports with their own perceptions, limitations and agendas or gathered by staff with their own perspectives. The leaders are not where the action is. They are not engaged and neither do they know their organisation nor the people know him.
- Set clear Goals and Priorities: Anybody who thinks through the logic of a business will see that focussing on three or four priorities will produce the best results from the resources at hand. Any leader who says that he has ten priorities does not know himself as to what the important things are. Along with having clear goals, leader should strive for simplicity in general. One thing you will notice about leaders who execute well is their ability to talk plainly and forthrightly about whats on their mind.
- Insist on Realism: Realism is the heart of execution, but many organisations are full of people who are trying to avoid or shade reality. WHY? It makes life uncomfortable. They want to hide mistakes, or buy time to figure out a solution rather than admit that they don't have an answer at the moment. Embracing realism means always taking realistic view of your company and comparing it with other companies
- Follow Through: Clear and simple goals don't mean much if nobody takes them seriously. The failure to follow through is widespread in business, and a major cause of poor execution. Everybody may have agreed that the idea was good, but since nobody was named accountable for results, it doesn't get done.
- Reward the Doers: If you want people to produce specific results, you reward them accordingly. It is a known fact, yet many corporations do poor job of linking rewards to performance that there's little correlation at all. You have to design and make clear to all that rewards and respect are based on performance.
- Expand people's capabilities: One of the most important part of leader's role is to pass on acquired knowledge to next generation of leaders. Good leaders regard every encounter as an opportunity to coach. Coaching is the single most important part of expanding others' capabilities. You must have heard the saying, "Give a man a fish, and you will feed him for a day; Teach a man to fish, and you will feed him for life".
In nutshell, Effective Execution is one of the most important component of Effective Leadership. The heart of the working of a business is how the three processes of People, Strategy, and operations link together.