Hiring managers from outside of the organization makes sense if you’re in the midst of a major shift in product strategy or a general company turnaround. But, if you need to fill a management position that is not slotted for significant change, why not promote from within?
Managers know well that an effectively functioning team can make a huge difference to the bottom line. On the other hand, a dysfunctional team can result in ‘squandered’ work time at a cost of $15.5 million for the average large company.
Today, we all expect to find meaning in our work and in the workplace. That goal can be fulfilled if we feel that our managers genuinely care about us as individuals.
If you’re spending your lunch break whining to your co-workers about how things would be different if you were in charge of the company, don’t expect anything to change. More often than not, the changes you want will come about only if you initiate them.
Business leaders know the path to success involves being able to step back and look at the big picture. Effective leaders do this on an annual, monthly, and even daily basis. The steps leaders take following self-reflection may be even more important.
New research from the Kellogg School of Management at Northwestern University reviews two well-known leadership styles and when these styles can make the biggest impact. Most leaders can learn to employ these styles once they learn to identify them.