James River Capital Corp offers three changes to improve your leadership style. It takes great skill and management abilities in order to effectively lead any sort of team. Being a leader is and exhaustive effort. However, simple changes can make a difference in effectiveness right away. There are intellectual studies done all over the world on this subject. They are conducted to understand what it takes to be an efficient leader and how that should look.
Support the Team Don’t Lead the Team
Facebook managers made a critical change in leadership right away. The company implements the theory of supporting the team and not leading the team. It is a simple change in thought processing that can alter a person’s entire view of how to approach interactions with a team. Simple adjustments such as this can make the biggest impact.
Everyone’s Opinion Matters
In an effort to support the team the leader will want to remove any obstacles in the way of their success. Everyone in the meeting should have a chance to speak. This is one step in the right direction. To ensure this happens the leader should make a list of everyone that is at the meeting. As the function carries on check off the names of each person as they speak. Some will be naturally more vocal than others, so it is necessary to make an attempt to engage those who are not as assertive. The object is to make sure everyone knows their opinion is valuable and not to embarrass them.
Encourage and Welcome Escalation
Up to 85% of employees withhold important information from their bosses according to recent studies. Many employees feel that they will be outed as a traitor to the team if they go to the leader with crucial information. This is a form of flawed communication that will hinder collaboration, innovation and employee engagement. Psychological safety is a term that is used by Google to ensure that each of its employees feel comfortable coming to their supervisors with problems or improvements. A way to encourage this is to show appreciation to the person when they actually do speak out on a matter.
James River Capital Corp was founded in 1986 and is located in Richmond, Virginia. The company was originally known as KP Futures Management Corporation. It held the primary duties of alternative investment department for Kidder, Peabody & Company Incorporated. In 1995 James River became an independent investment firm. Kevin Brandt and Paul Saunders where the two senior officers in the department. They eventually obtained the business from Kidder.
James River is a registered investment adviser with the SEC. It was also established as a Commodity Trading Adviser and Commodity Pool Adviser with the CFTC. The company has over 570 million dollars under its management as of July 1st 2018. Learn more: https://vimeo.com/272365860