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10 Complacency Traps for Business Owners

10 Complacency Traps for Business Owners | New Leadership | Scoop.it

Given the known failure rate of start-up businesses, all business owners who go down this path, need to be well aware of the traps that lie in wait for them.

 

Complacency and lack of foresight are common features in the make up of business owners, who did not succeed to make a good go of their start-up ventures, and addressing these two areas will help any new business owner avoid failure.

 

This excellent article, suggests that forewarned is forearmed, and it suggests 10 mistakes that every start-up should avoid making if they want to build a successful business.


Via Daniel Watson, David Hain
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Daniel Watson's curator insight, November 29, 2012 6:37 PM


Given the known failure rate of start-up businesses, all business owners who go down this path, need to be well aware of the traps that lie in wait for them.


Complacency and lack of foresight are common features in the make up of business owners, who did not succeed to make a good go of their start-up ventures, and addressing these two areas will help any new business owner avoid failure.


This excellent article, suggests that forewarned is forearmed, and it suggests 10 mistakes that every start-up should avoid making if they want to build a successful business.


New Leadership
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What does a brain-savvy leader look like?

What does a brain-savvy leader look like? | New Leadership | Scoop.it
One of the most obvious applications of neuroscience is in the leadership of a business. This article pulls together the elements that make a leader successful. We talk about these elements through the lens of what we know about how the brain functions.

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We believe and our research bears out that understanding how the brain works is one way of helping leaders become more effective. We call this brain-savvy leading.

There are a number of elements which make up this type of leading. Some are about how leaders interact with their people, both their followers and their peers, while other elements are about how leaders understand themselves.

Via David Hain, Marc Wachtfogel, Ph.D.
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David Hain's curator insight, July 23, 2:32 AM

How much do you know about neuroscience? It could improve your leadership. A brief 101 here!

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Leader v manager: Who’s the boss?

Leader v manager: Who’s the boss? | New Leadership | Scoop.it
The age old question of what defines a manager compared to a leader has always been a source of debate. Here, Jo Owen thinks he has the answer…
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How to Cope With Leadership in a New Company

How to Cope With Leadership in a New Company | New Leadership | Scoop.it
Congratulations! You got a leadership position at a new company! You must be so proud? So, what is your first plan? Are you going to shake everything up?

Via The People Development Network
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Be a Transformational Leader!  

Be a Transformational Leader!   | New Leadership | Scoop.it
Use this infographic to learn how to become a Transformational Leader, and be a leader who inspires trust and loyalty in other people.
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Synergy or Consensus: Which One Do You Build?

Synergy or Consensus: Which One Do You Build? | New Leadership | Scoop.it
Meet, Model & Motivate
Synergy happens when we trust people to bring their best selves forward, and don't judge them based on who we think they are. Consensus building often happens when we think we have the best answer already, and want people to come with us, at the same time we already think we know who they are.

Via Mel Riddile, Lynnette Van Dyke
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5 Habits That Improve Your Leadership

5 Habits That Improve Your Leadership | New Leadership | Scoop.it

As a leader, it’s you that has the biggest impact on the engagement of your team, and your No. 1 goal should be to look to increase this, as it will have a significant impact on the bottom line of your company.


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donhornsby's curator insight, July 21, 9:41 AM
Leaders have the biggest impact on the morale of their employees. By following these five simple tips daily, you can make that a positive impact and boost their engagement.
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Five Mindset Traits of Disruptive Digital Leaders 

Five Mindset Traits of Disruptive Digital Leaders  | New Leadership | Scoop.it

Two types of CEO mindsets are emerging as the business world shifts to be more influenced by digital business. On one side is the incumbent marketplace player, who prefers to invest only in a solid business case and focuses on predictability over speed and innovation. On the other side is the digital-era market disrupter, who believes in innovation to win big while managing risk by failing fast and prefers to focus on innovation and speed over predictability.


Via Marc Wachtfogel, Ph.D.
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Why the First and Most Important Person You Need to Lead Is Yourself

Why the First and Most Important Person You Need to Lead Is Yourself | New Leadership | Scoop.it
To successfully lead others, sharpen your skills so you can set yourself apart as a leader.

Via Marc Wachtfogel, Ph.D.
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Groupthink: avoid the drive to conformity

Groupthink: avoid the drive to conformity | New Leadership | Scoop.it

Back in 2007 I ran a session for senior traders in a financial services organisation.
 
A participant was presenting a project about a complex new financial product to the room. As the presentation rolled on, one person, let’s call him Bill, kept looking at the PowerPoint and back at his colleagues. The rest of the group were enthralled by this clever way to make money.

When the slide show ended, the presenter asked for questions. The first one he got was from Bill and this was it: “Is this even legal?”.

Did the group pause to think about Bill’s question? Did the presenter answer it? Not exactly. What happened was this: the group laughed. One person threw a pen cap at Bill.

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Are You Stressing Your People Out? Change Your Thinking

Are You Stressing Your People Out? Change Your Thinking | New Leadership | Scoop.it
If you are wondering how to decrease stress—for you and everyone in your circle of influence—the answer lies in a simple shift of perception. Become aware of how you’re impacting others, correct your shortfalls, and you’ll inspire people to be innovative and productive. Your business and families can then thrive.

The first step is being aware that you’re causing stress—and stopping the offending behavior. Are you, for instance, imposing oppressive time lines and workloads on your staff? Or missing deadlines for your team or family, or simply not delivering? Stop those behaviors and you can mitigate the stress you’re causing. If enough people become aware they, too, are stressing people out and bring this understanding to everyday life and work, stress around the globe could actually decrease. Which could produce a better world. Small step; big effect.

Underlying so much stress is the idea of time: Is your product late to market? Does your investor want a report early? The man-made concept of time may be what’s tripping us up.

Via David Hain
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David Hain's curator insight, July 13, 5:47 AM

Reframing time horizons helps with stress - useful concept!

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10 Principles of Strategic Leadership

10 Principles of Strategic Leadership | New Leadership | Scoop.it
How to develop and retain leaders who can guide your organization through times of fundamental change.

Via Ariana Amorim, Kevin Watson
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Slow Deciders Make Better Strategists

Slow Deciders Make Better Strategists | New Leadership | Scoop.it
Embracing uncertainty helps too.

Via Adrian Bertolini
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Adrian Bertolini's curator insight, July 12, 7:43 PM
One of the conversations I have with middle leaders is the importance of strategic thinking and acting slow. Whilst teachers need to think quickly and act quickly when in a classroom this behaviour doesn't work as as middle or senior leader. The impact of decisions they make can have far reaching consequences - thus the importance of acting slowly.
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Why Storytellers Are Attractive In Life And Business - Forbes

Why Storytellers Are Attractive In Life And Business - Forbes | New Leadership | Scoop.it
In the last ten years neuroscientists have learned more about storytelling than we’ve known since our ancestors drew story pictures on cave walls. We know what stories work, how they work and we can prove it. As the House of Cards actor Kevin Spacey once told an audience of marketing leaders, “We know how this [marketing] works; story is everything.”

We do know how this works. When someone tells you a compelling story with an emotional trigger (conflict, tension, resolution), it releases a rush of chemicals: cortisol that makes you pay attention, oxytocin that causes you to feel empathy with the characters, and dopamine which makes you feel good when the story has a happy ending.

Via David Hain
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David Hain's curator insight, July 12, 10:11 AM

Seems to me that storytelling is largely about marrying content with context - a challenging and sophisticated skill to learn!

Peter Karlsson's curator insight, July 12, 6:11 PM
Richard Branson is a great story teller
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Fellow View: What's your why?

Fellow View: What's your why? | New Leadership | Scoop.it

In her blog, Institute of Leadership and Management Fellow Penny Sophocleous discusses why, as a leader, it is important to have a belief system that motivates you

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The Best Leaders Know These 6 Tricks to Being More Approachable

The Best Leaders Know These 6 Tricks to Being More Approachable | New Leadership | Scoop.it
Not being approachable could be your biggest leadership blind spot

Via Marc Wachtfogel, Ph.D.
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donhornsby's curator insight, Today, 9:30 AM
(From the article): If you're struggling with approachability because of persistent shyness or fear of appearing vulnerable, you can still overcome the hurdle breaking the practices down into smaller steps and setting incremental goals for yourself that include practicing with people outside of work--on a plane, in line at the store, or in your neighborhood. For example, a micro-step for number 1 might be making the first move with one person at one event. The easiest way to do this is to scan the room for anyone else who is standing alone. Being approachable doesn't mean changing your core personality, it's simply a way to ensure that more people have access to you and what you have to offer.

 Becoming more approachable will have numerous benefits in your career. You'll gain access to more information faster and grow your network by being known as someone who is interesting and engaging. Awareness of the importance of being approachable is a starting point. Then, these six tips can help you build that awareness and the skills you need to sustain and invite future conversations around the office.
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Are You Over-Functioning in Your Leadership Role?

Are You Over-Functioning in Your Leadership Role? | New Leadership | Scoop.it
Most people want to work for a caring boss. Not only is it more enjoyable, it’s good for your health, according to research by Stanford professor Jeffrey Pfeffer. Compassion is certainly a hallmark of leadership effectiveness. But can a leader care too much? Shelley Row, a professional engineer and former transportation executive believes that caring for one’s employees, while admirable, does have its drawbacks. It can stunt your team members’ professional and personal growth. Moreover, misplaced concern and worry can overload leaders.

Row’s book, Think Less, Live More: Lessons from a Recovering Over-Thinker explores the ways in which leaders might “over-function,” meaning they assume more control or responsibility over a situation than is required. Over-functioning and micromanagement share a common element: the refusal to release control. Strangely enough, the act of “caring”, when taken too far, is a control issue. For example, when a leader avoids making difficult decisions because he is concerned about an employee’s reaction, he has crossed the line from compassion into over-functioning. It’s as if the leader has assumed responsibility for an employee’s reaction to the situation, thereby transferring who “owns” (or controls) the emotion from the employee to the manager.

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David Hain's curator insight, July 22, 1:00 AM

It seems leaders can care too much? Do you agree? how do you find the balance?

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10 Ways to Improve Your EQ to Be a Better Leader (Infographic)

10 Ways to Improve Your EQ to Be a Better Leader (Infographic) | New Leadership | Scoop.it
Leadership is all about the people and here are 10 ways to boost your people skills.

Via Marc Wachtfogel, Ph.D.
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Top Down Leadership Does Work, If You’re Stuck in the Industrial Age

Top Down Leadership Does Work, If You’re Stuck in the Industrial Age | New Leadership | Scoop.it
Top down leadership is counterproductive, especially in today’s work world. Leadership today calls for humility, and the author explains why.

Via Marc Wachtfogel, Ph.D.
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The One Quality That Makes a Truly Great Leader

The One Quality That Makes a Truly Great Leader | New Leadership | Scoop.it

Leaders who can relate are naturally curious about other people. This allows them to engage people by truly listening to what they have to say and getting their perspective—why they think the way they think, what is important to them, and how they would approach a situation. This opens up great leaders to new ideas and creates lasting connections with the people who work for them. .


Via Marc Wachtfogel, Ph.D.
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10 Ways to Develop Critical Thinking for Leaders

10 Ways to Develop Critical Thinking for Leaders | New Leadership | Scoop.it

Discover in this article 10 ways how to develop critical thinking and become a leader. Try to use these 10 tips and you will see the result very soon.

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You Don’t Need a Title to Be a Great Leader

You Don’t Need a Title to Be a Great Leader | New Leadership | Scoop.it

Many people believe leadership is something that's conferred along with a title or attained when you direct a team of people, but true leadership is never about authority or power. It's about helping others grow, and that's something anyone can do.

 

If it's your desire to influence and have an impact on others, you have leadership qualities. And if you can inspire people to do something they thought they couldn't do, demonstrate how the impossible is possible, believe in someone when they didn't believe in themselves, you're already a leader.

 

People don't set out to be great leaders, they set out to make a difference. It's never about the role or the title, but about influencing others, helping and supporting them.


Via The Learning Factor
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Subha's curator insight, July 18, 8:22 PM

Being a good communicator and building relationships are the main qualities that differentiate a good  leader from the rest. Problem solving , integrity and other skills sets mentioned in the article are easily acquired.


 


Great leaders are great listeners!


 


 

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Ron McIntyre's curator insight, July 19, 2:23 PM

So True!

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5 Ways to Stop Micromanaging and Become a More Effective Leader

5 Ways to Stop Micromanaging and Become a More Effective Leader | New Leadership | Scoop.it
Micromanagers not only frustrate their employees--they stress themselves out, too. Here are five ways to expel your inner micromanager.

Via Marc Wachtfogel, Ph.D.
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How to Find and Engage Authentic Informal Leaders

How to Find and Engage Authentic Informal Leaders | New Leadership | Scoop.it

In a recent article, “10 Principles of Organizational Culture,” strategy+business highlighted how crucial it is to deploy authentic informal leaders (AILs). As the acronym suggests, AILs are not people in your organization who have been endowed with formal authority by title or by memo. Rather, they possess and exhibit certain leadership strengths such as the ability to do something important well and showing others how to do it (exemplars), or they demonstrate the skill of connecting people across the organization (networkers). Some AILs influence behavior by being the first to understand the value of a new trend (early adopters) or by instinctively associating peers’ positive feelings with day-to-day activities (pride builders). These strengths — which my colleagues at the Katzenbach Center and I refer to as “spikes” — can make AILs powerful allies in any transformation effort.

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One Question Every Leader Should Inspire In Those They Lead

One Question Every Leader Should Inspire In Those They Lead | New Leadership | Scoop.it
One of the common themes I’ve written about over the past few years is the importance of building and nurturing relationships with your employees in order to bring out the best in those under your care. While we can appreciate what this means in abstract terms, I’d like to share the recent experiences of two leaders that helps to illustrate the benefit in bringing this approach to your leadership.

Via David Hain, Kevin Watson
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David Hain's curator insight, July 10, 5:35 AM

In the end, relationships are all we have - or don't! See Brexit, Tories, Labour, etc...

Ron McIntyre's curator insight, July 10, 8:18 AM

Honest & caring relationships are the solution to our issues today but egos keep getting in the way.

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Being a Great Leader Requires Emotional Intelligence

Being a Great Leader Requires Emotional Intelligence | New Leadership | Scoop.it

Anyone who’s ever been employed can tell you how stressful even the most enjoyable job can get from time to time. Without proper leadership, many different personalities housed under the same roof can cause serious problems that can pollute company culture — even if everyone is more or less working toward the same goal.

For this reason, it’s becoming increasingly apparent that — aside from the relevant work prowess and skill sets they need to be effective — today’s great leaders also need to possess high EQ (emotional intelligence).

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