There are many factors, internal and external, that can determine the success of a company. Growth, revenue, and profit are generally considered as important strategic objectives and are affected to a certain extent by the general business situation and the current state of the financial market. However, organizational culture and human resources also affect the company. Human resources are a part of the organizational structure that can bring prosperity and effectiveness in the long run. Especially if the leader of the company possesses traits of successful leaders, and has the leadership style that is a perfect fit for the company goals.
Every organization needs a leader (or a leadership team, depending on the size of the company and its structure), who will direct the daily activities according to the mission, vision, and values of the company. Leaders are crucial figures for companies and are the most responsible for the company’s success and organizational strategic planning.
There is a difference between leaders, bosses, and managers because leaders have a higher impact on companies and their development. Leaders need to develop a specific set of traits, behaviors, and skills in order to lead by example and achieve organizational goals and aspirations. You will find some of the most important traits below.
6 traits of successful leaders
Here are the most important traits of successful leaders:
Leaders orient themselves equally to both people and tasks. Their goal is to generate revenue and increase profit, keeping their employees in mind all the time. Important values for leaders should be to promote teamwork, foster relationships and cooperation between employees and to build a healthy working atmosphere. In addition, leaders should have an empathic approach towards their employees and their personal problems. Building a culture of trust and understanding is essential for building a stable and successful company in the long run.
Teamwork. Leaders should learn how to delegate tasks but should avoid micromanaging. The constant need to control everything leads to dissatisfaction for both the leader and the workers. Micromanaging is a toxic form of conducting business activities and leaders should refrain from micromanaging their subordinates, as it will lead to their burnout and it will restraint the creative flow in the team. Instead, leaders should act as a part of the team and encourage the employees to freely present their ideas.
Stability and communication. Emotional stability is one of the most significant traits that define successful leaders. This trait is especially important when a crisis situation occurs, as these situations happen fast and without warning. Leaders should be able to work under pressure, in stressful and frustrating situations. In addition, leaders should have exquisite communication skills and respect diversity concerning opinions and ideas.
Visions, creativity, and ideas. When it comes to creative organization, successful leaders lead by example and exhibit bright, creative, and valuable ideas. Also, leaders should encourage employees to use their potentials, because leaders who encourage and value the creativity of their employees will always get original ideas. Creative organizations have the willingness to continuously improve, change, develop and are open to new experiences. Leaders should frequently conduct brainstorming sessions with their employees, in order to keep the group flow at a high level.
Success doesn’t happen overnight and it usually involves a substantial amount of risk-taking. However, leaders shouldn’t be reckless and impulsive, and their risk-taking strategy should be wisely calculated. In addition, leaders should always prepare an emergency exit strategy and find possible backup solutions in case their plans fail.
Decisiveness and responsibility. Leaders never leave tasks unattended and are willing to take responsibility for their actions. In addition, leaders establish clear and consistent goals, develop professional strategies and are oriented toward divergent thinking. They are decisive, self-disciplined and have an extensive sense of duty towards the company and their team.