{"id":594,"date":"2016-01-14T15:48:14","date_gmt":"2016-01-14T15:48:14","guid":{"rendered":"http:\/\/tojoeapen.com\/blog\/?p=594"},"modified":"2016-12-13T08:08:17","modified_gmt":"2016-12-13T08:08:17","slug":"how-should-leaders-earn-their-premium","status":"publish","type":"post","link":"https:\/\/tojoeapen.com\/blog\/how-should-leaders-earn-their-premium\/","title":{"rendered":"How Should Leaders Earn Their Premium?"},"content":{"rendered":"

\"8FBZGFVLLT\"<\/a><\/p>\n

After years of observing leaders in business and non-profit environments around\u00a0the world, one point\u00a0is absolutely clear to me. \u00a0Leaders play fundamental roles that determine the success of any organization and impact many lives, directly and\u00a0indirectly.<\/strong><\/p>\n

If you have any doubt, please check out the\u00a0business news sections or conduct a quick, direct opinion survey among\u00a0your\u00a0experienced connections. \u00a0We see this power of leadership manifesting everyday through the news about flourishing or struggling organizations and the resulting massive impact on individual lives and communities, both positively and negatively.<\/p>\n

How should leaders earn their premium?<\/strong><\/p>\n

1. By making key decisions\/judgments and executing successfully.<\/strong><\/span>
\nThis is probably the most important element. \u00a0By the nature of\u00a0key strategic choices, decisions<\/strong>\u00a0and\u00a0judgments<\/strong>\u00a0being made, tremendous value can be created or destroyed quickly. \u00a0Think about organizations that announce hundreds or thousands of job cuts and those that create opportunities. \u00a0It\u00a0is easier to destroy than create value.<\/p>\n

Noel Tichy and Warren Bennis defined\u00a0judgment<\/strong>\u00a0as an informed decision making process that encompasses three domains – judgments about\u00a0people,<\/strong>\u00a0<\/strong><\/em>about\u00a0<\/strong><\/em>strategy<\/strong>\u00a0and\u00a0<\/em>in\u00a0time of crisis.<\/strong><\/p>\n

Every key business decision, strategic choice or judgment\u00a0made by a leader can hugely impact the future of an\u00a0organization\u00a0and the lives of many people and their families. \u00a0Decisions should be followed by effective execution and\u00a0both need equal attention.<\/p>\n

Leaders have to be focused on building sustainable businesses and organizations. \u00a0This may sometimes result in difficult choices in the short run but if they miss to balance financials with\u00a0employees or other key stakeholders aspects, morale drops quickly and trust gets impacted.<\/p>\n

A recent Fast Company article noted\u00a0that leadership in the future depends less on knowing things others don’t know, and more on seeing new relationships among facts available to all of us –\u00a0pattern recognition<\/strong>. \u00a0The time honored relationship – correlation of\u00a0knowledge with greater influence in business – is now dissolving, as\u00a0technology dissolves knowledge monopolies. \u00a0It is not uncommon even nowadays,\u00a0to see many\u00a0individuals holding on to knowledge without sharing, to feel important and secure.<\/p>\n

2. By building highly engaging organizational environments and capabilities.<\/strong><\/span>
\nEnsuring the\u00a0first element\u00a0alone will not work. \u00a0Leaders can influence sustainable success for the long run by engaging, empowering, motivating individuals and teams\u00a0to deliver successful outcomes; creating an environment of openness, inclusion, trust, with high performance practices and systems.<\/p>\n

For most employees, the “company” means “leaders”. \u00a0It’s not uncommon to hear employees across the world say, “The company did something.” \u00a0It is worthwhile to think, “Who or what is this company?”.<\/p>\n

Leaders also influence heavily how employees feel about themselves and their relationship to the organization. \u00a0Studies in\u00a0one of the best books on leadership (The Leadership Challenge) note\u00a0that leaders understand that mutual respect is what sustains extraordinary efforts; they strive to create an atmosphere of trust and human dignity. They strengthen others, making each person feel capable and powerful.<\/p>\n

At the heart of it, leaders create the feeling of “We” and “Us” in organizations with shared responsibility, not “You” and “Me”.<\/p>\n

Boards, executives, shareholders and organizations at any level or sector who\u00a0understand these fundamental\u00a0elements and expectations from leaders will be able to build and enable sustainable and impactful organizations.<\/p>\n

(Posted on LinkedIn<\/a>)<\/p>\n

References<\/strong><\/span>
\n1. Judgment, How Winning Leaders Make Great Calls by Noel M. Tichy and Warren G. Bennis, Summary;\u00a0\u00a0http:\/\/sitemaker.umich.edu\/umhs-talentmanagement\/files\/judgement.pdf<\/a>
\n<\/a>2. How Expertise is changing the way we work and lead;\u00a0http:\/\/www.fastcompany.com\/3047911\/lessons-learned\/how-expertise-is-changing-the-way-we-work-and-lead<\/a>
\n<\/a>3. The Five Practices of Exemplary Leadership Model\u00a0http:\/\/www.leadershipchallenge.com\/about-section-our-approach.aspx
\n<\/a>4. Image Credit –\u00a0https:\/\/stocksnap.io;<\/a>\u00a0Tomasz Bazylinski<\/p>\n","protected":false},"excerpt":{"rendered":"

After years of observing leaders in business and non-profit environments around\u00a0the world, one point\u00a0is absolutely clear to me. \u00a0Leaders play fundamental roles that determine the success of any organization and impact many lives, directly and\u00a0indirectly. If you have any doubt, please check out the\u00a0business news sections or conduct a quick, direct opinion survey among\u00a0your\u00a0experienced connections. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-594","post","type-post","status-publish","format-standard","hentry","category-leadership","post-preview"],"_links":{"self":[{"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/posts\/594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/comments?post=594"}],"version-history":[{"count":2,"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/posts\/594\/revisions"}],"predecessor-version":[{"id":617,"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/posts\/594\/revisions\/617"}],"wp:attachment":[{"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/media?parent=594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/categories?post=594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tojoeapen.com\/blog\/wp-json\/wp\/v2\/tags?post=594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}