When CEO Bob Diamond resigned from his post at Barclays, it sent a message to other bankers: Even the head honcho’s job isn’t safe if the company gets ensnared in an ethics scandal. Diamond, who left in 2012 over questionable actions among his bank’s traders related to manipulating interest rates, may not have realized a tenet of ethical leadership: It’s not what you’re doing that counts as much as how you’re judged in the court of public opinion.
A leader in an organization can’t do everyone’s job. Instead of micromanaging, strong leaders use organizational leadership to coordinate, communicate, motivate and delegate among employees and team members. For comprehensive organizational effectiveness, each individual needs to be seen as a contributor, with the leader at the helm.
Most importantly, best-practices leadership involves keeping employees motivated throughout the process, adapting your scope or strategy as necessary, and developing an effective communication strategy.
Some people never make it to the other side because they’re more successful at being doers. This is a crucial point in determining if you’re going to move up the ranks.
Browse our articles, tools and advice on best-practices leadership.
Begin your day with a brief planning session, the way great chefs do. So says Anthony Bourdain, legendary chef of Brasserie Les Halles, using an approach called mise-en-place.
PayPal’s first product required the use of PalmPilots, which at the time were a global phenomenon. Millions of people around the world were hooked to their PalmPilots. Even though PayPal’s technology enabled PalmPilot users to beam money to each other, the product didn’t catch on. That’s because Peter Thiel and his team realized too late that they were pursuing a large, loosely knit market of customers with little in common.