Scott Cook, co-founder and chairman of Intuit, has built a huge company helping executives make decisions using his financial management software. Yet Cook frowns on financial forecasting. In fact, he requests that his employees avoid spending time forecasting the numbers relating to their unit’s sales and expenses.
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.
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In theory, strategic planning sounds great: You gather top thinkers in a room and brainstorm. But for Jim Estill, former CEO of Synnex Canada and now a partner in a venture capital firm, strategic thinking requires inspiration. He finds that it doesn’t happen on demand, so he lays the groundwork and stays attuned to insights that can arise at any time.
Prioritizing your workday is easy when your job consists of a small handful of tasks. But for most of us, dozens of pressing issues jockey for our attention. Step back and assess what matters most. Treat your time as a finite resource and allocate every hour wisely.