Achieving Successful Team Building

“If everyone is moving forward together, then success takes care of itself.”

-Henry Ford

As a leader, you’re partially responsible for your employee’s ability to work as a cohesive unit. Making sure they have a strong relationship with leadership can be a necessary component in capturing your business’s full potential, but it’s equally, or perhaps even more important that they have a strong relationship with one another. Giving orders and organizing workflow can only go so far; establishing a culture of team building and collaboration can be a prime element of a successful business.

An essential part of team building is communication and understanding. Everyone in your business should not only have a common understanding of your goal as a business, but also the individual goals of each other. Knowing the goals, abilities, and contributions of one another helps better achieve positive collaboration. This should be no different for someone in a leadership position. Inserting yourself more into the lives of your employees can bring about a feeling of a common goal, which allows everyone to better work and focus on their desired outcome.

It can be equally beneficial to take team building very literally, by removing your employees from the typical workplace and focusing on team building exercises. This may come in the form of a company retreat, charity work, or even simply just going outside. Team building that are not centered around the typical workflow provides a new perspective in understanding your employees as human beings rather than just functions of a business. Having this mutual understanding gives a certain ease and comfort when inserting yourself back into typical work life. Being comfortable with your people leads to a stronger sense of trust between one another.

Being able to trust your employees is a key element to success. Having trust built up through team building allows people to more easily admit mistakes, discuss innovations, and work collaboratively. The simple fact is that a trusting, efficient collaboration will always yield better results than a skeptical, isolated work environment. Put in the effort to focus on team building and culture because it will pay off positively.

Kelly D. Scott
Chairman/CEO
The world’s leading business advisory and executive coaching organization

How to Enhance your Leadership Presence

“The key to successful leadership today is influence, not authority.”

– Ken Blanchard, Author

Being an effective leader can often mean more than just holding a position of leadership. To be a truly capable leader, one must have an influential and powerful presence. An established leadership presence can not only enhance your influence on others but also your own personal effectiveness. But what does having an effective ‘presence’ mean for those in a leadership position?

When most people think of presence they tend to lean more toward a physical presence. This is for good reason, because how you hold yourself, especially in a position of power, can be a leading factor in how your employees perceive you. Emitting a certain sort of calmness and confidence allows your people to operate with a similar sort of ease and efficiency. Calmness does not necessarily mean a lack of energy or action but rather an effort lead by controlled emotion. Having an “easy to talk to” presence can provide you a platform to have the greatest effect on your employees.

Listening is perhaps one of the most important components of leadership. A great way to enhance your listening abilities is to understand your presence in these moments. How are you showing them you are listening? Sometimes we tend to internalize our listening and do not visibly show others we are present and ready to act. Showing this presence can enhance your employees’ trust and respect for you as a leader.

At the end of the day, even with all these ideas in mind, the best thing you can do to enhance your presence is to not overthink your position. People respect genuine behavior and honest interaction. And the best thing you can do as a leader is lead by example. Listening and reacting with a controlled, effective nature can go a long way in establishing yourself as a leader.

Kelly D. Scott
Chairman/CEO
The world’s leading business advisory and executive coaching organization

How To Manage Risk in Your Business

 

“The biggest risk is not taking any risk…In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”

– Mark Zuckerberg

When it comes to dealing with risk management in your business, it’s easy to view the problem as something to immediately solve. We tend to take on the approach of minimizing as much risk as possible. But a basic fact for any business is this: risk is inevitable. Understanding what exactly is at risk and how to use that risk to your advantage, can be a pivotal element of success.

If you are beginning to evaluate the risk in your business, there are a few questions you can ask yourself: What areas seem to be less successful than others? Can some of my success be improved upon further? Am I looking at the market long term? Am I utilizing changes in technology and efficiency? Just as you may have a team or designated time to focus on innovation, a focus on risk management can be equally beneficial. After all, innovation and risk management can heavily influence one another.

However, just as innovation requires creativity and taking chances, risk management should also be about taking calculated risks, not just preventing risks. If you truly want to see growth in your company, there will be multiple times in which you must take calculated risks to see exceptional results. Sometimes, it’s about taking the right risk instead of no risk at all. Still, it is important in these moments of calculated risk taking to always have a secondary plan in place in case things don’t go as you anticipate.

Success in business comes not only through working harder, but also through working smarter. Approaching risk taking in this same way can be vital. Intelligent and well thought out decision making is obviously important in all areas of business, but it’s important to remember to carry over that intelligent decision making even when it comes to risky business moves.

Kelly D. Scott
Chairman/CEO
The world’s leading business advisory and executive coaching organization

What Can Be Learned from Major Tech Companies

“I believe that if you show people the problems and you show them the solutions they will be moved to act.”

– Bill Gates

As we move further into the digital age, technology companies are increasingly dominating the market. The likes of Apple, Amazon, Facebook, and Microsoft have cemented themselves at the top of the market, being valued at $500 billion each. Clearly, for most other businesses there is a huge separation between the practices and philosophies of these massive tech. However, the success of these tech companies should not be completely overlooked, and even if their methods do not translate directly, much can be learned about staying relevant in the modern market.

It’s widely known of the youthful and modern offices of companies like Facebook and Google. With ping pong tables, the break room and bean bag chairs in the lobby, these companies try to evoke a sense of comfort and fun into the everyday work experience. This doesn’t necessarily mean you need you convert your workplace into something as zany and playful as Google, but rather simply understand the importance of having a pleasant and welcoming office culture and environment. Making your business a place where you and your employees want to work can do wonders for morale and long-term productivity.

Something all these companies have in common is a major focus in innovation. They not only have dedicated teams and resources for innovation but also make innovation one of the core values for your company. So even if you don’t have the personnel necessary, integrating innovative efforts into your everyday work life can be a major factor in your success.

Finally, each one of these industry leaders all share a willingness to be creative and try something new. Whether it be in advertising, production, hiring, or anything else, if you see a potential improvement or a new means of productivity, do not be afraid to pursue it to its fullest potential. A forward-thinking and creative mentality is a key characteristic of all successful companies, and it may be the key to help you take the next step.

Kelly D. Scott
Chairman/CEO
The world’s leading business advisory and executive coaching organization

What A Perspective Shift Could Do for Your Company

“To change ourselves effectively, we first had to change our perceptions.”

– Stephen R Covey

For many businesses, especially longer running companies, it can be easy to stick to simply “what works,” and refuse to be forward thinking and open for change. But this sort of stagnation can be detrimental to you and your business, especially when unexpected downswings and setbacks threaten. When the day comes where your tried and true strategy seems obsolete or just plain not working, it is important to be able to shift perspective and realize the problems of past performance.

Realizing a new perspective on your business doesn’t always have to mean hiring new personnel or totally abandoning your core components. For many businesses a fresh set of viewpoints can come from within, it’s only a matter of unlocking that potential. Something as simply as a company retreat or an innovation focused meeting may hugely help break the stagnation of normal day-to-day work life and finding a new outlook within your market.

Your customers and clientele are your business, so in times of trouble, and even in times of success, it is imperative to be aware of their desires and misgivings. It can be easy during profitable times to disregard the negative responses to your business, but, even if you don’t feel it is necessary to take action, it is important to at least take into account a wide range of responses to your business. The seemingly “outlier” customers may eventually be the key in understanding the change necessary to keep up with the competitive world.

As a businessperson it is universally important to always be on your toes. Understand and utilize on your company values, but do not solely rely on the same business norms, especially if they seem outdated and in need of innovation. A simple perspective shift for you or your company may be the difference between success and failure.

Kelly D. Scott
Chairman/CEO
The world’s leading business advisory and executive coaching organization