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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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It is rightly said that if you get a good boss, you are the luckiest employee and if your boss does not support you, God can only save you! Leaders are appointed to provide a direction to the team members and also motivate them to deliver their level best.

Is there any employee who admits that he does not work hard in office? Infact no one. Then why do you think very few people really make it big and get the opportunity of managing individuals? Remember, being a leader is not everyone’s cup of tea.

Management plays an essential role in not only recruiting the right person as a team leader but also overcoming the challenges faced in leadership. Management needs to understand the importance of a leader.

Do we need a boss just for the sake of it? Do not ask the wrong person to manage a team. This would not only demotivate the other individuals but also spoil the office environment. It is the responsibility of the human resource department and of course the top management to ensure that the right person gets the opportunity to lead a team.

If you are hiring an individual from outside, make sure you do check his credibility, past achievements, experience, educational qualification and most importantly his/her background before rolling out the appointment letter.

Disaster is bound to happen if a person with no experience or for that matter a criminal background is hired as a team leader. Neither your employees would respect such a person nor bother to listen him/her. No matter of strictness, team meetings, stringent policies would help if the responsibility of managing people is on the shoulders of a wrong person.

Management needs to be extra careful in situations where existing employees are being promoted to lead a time. The challenge is in fact more in such cases. It is not that difficult for employees to accept someone who is completely new to them rather than reporting to someone who was their colleague at some point of time and now their reporting authority. Promotions should be linked to individual concerned’s track record, past performances, behavioural skills, attitude and so on.

Employees would never accept someone as their leader who has never performed but is management’s favourite. Trust me, in due course of time , you would face severe problems which would not only lead to good employees quitting and moving ahead but also unsatisfied employees who are there with the organization just to kill time and money.

Management also needs to give space to all the team leaders. Every individual has his/her own style of working. Do not interfere much. You need to give some time to an individual to perform and prove himself/herself. How can you expect a person to perform extraordinarily in just one month? Even the best of employee would not be able to deliver in a very short period. A boss needs one to two months to understand his employees and another one month to make them work and also extract the best out of them.

Give them some freedom and authority. There are organizations where leaders are appointed just to prepare reports, excels and handle the grievances of their team members. For every small approval, they need to discuss with the top management. Trust me, this way managers feel handicapped. Let them take decisions on their own.

Management needs to trust and have faith in leaders, vertical heads, team managers and so on. If you do not trust them, then you should not appoint them at the first place.

In case of issues, discuss with the leaders first rather than directly interacting with the team members. No one would like and accept it. Give them budgets, deadlines, well defined roles and responsibilities and a good team and let them work in their own way. You would definitely see the difference in a short span of time.

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