My definition of leadership is that which delivers better results than is normal or could be expected.
This is the definition of the Alpha of investments – the degree with which they outperform the rest.
This is a good definition for the Chief Executive’s or Managing Director’s role.
Unless you are delivering a better than expected performance, a better return on investment (ROI), you are not doing your job.
How many leaders do you know who found a formula for success and stuck to it, even though the circumstances, and the results, stopped flowing?
Being the leader is being prepared to change, to drive your organisation to change. The Shareholders are not patient when the Alpha, the ROI, loses its sparkle.
If the leader doesn’t drive change, the shareholders change the leader for one that will.
Yes, it is tough at the top, why did you think you got the big pay packet?
Most leaders ensure that their organisation has all the resources, the training and staffing that is required.
Often, after all this investment, the sparkle is still absent.
When you ask yourself, or Google, “What on Earth do I do next?” you know you’re in trouble.
Over the last few weeks I have written about how profits derive from productivity, which itself derives from employee engagement, which is, in turn, generated by management who have good people management skills.
This is the answer to “What on Earth do I do next?”.
This systematic approach to the management of profitability is the catalyst that increases the rate of return.
Will you lead the change or be changed?