Understanding Business Leadership with Marino Robert Sussich
Business leadership refers to the ability of an individual or a group of individuals to guide, inspire, and influence others within an organisation to achieve common goals and objectives. To be an effective leader, it is important to understand the characteristics of a good leader and determine the leadership style most suitable for both yourself and your personality and the team or goal at hand.
Marino Robert Sussich is a business consultant with more than 20 years of experience in the industry that has a strong understanding of the importance of good leadership in organisations. Learn more about leadership in business including what makes a good leader and what different leadership styles might be appropriate for your circumstances.
What is business leadership?
Harvard Business Review explains that leadership is the accomplishment of a goal through the direction of human assistants. Ultimately, a leader is someone who is able to achieve collaboration among a team in order to reach a common goal by guiding and inspiring them.
In a business context, a leader is responsible for setting the vision and mission, making critical decisions, and ensuring that the organisation is moving toward its goals. Key elements include strategy, effective communication, the ability to motivate and empower a team, and a focus on achieving results.
What makes a good leader?
The key foundations of a good leader include:
1. Vision & strategy
Good leaders have a clear idea of the future of the business and can analyse situations to make decisions that align with goals.
2. Integrity & Accountability
Honesty and transparency is key. It is important to take responsibility for your decisions and the outcomes of your team.
3. Decisiveness
Effective leaders are good at making informed decisions, consulting when necessary and taking calculated risks.
4. Effective communication
The ability to convey thoughts and ideas clearly is a key leadership skill.
5. Adaptability & resilience
Leaders who can adapt to new challenges and remain flexible often contribute to long-term success.
6. Empathy
Understanding the emotions and perspectives of your team members fosters a positive work environment and builds stronger relationships.
7. Empowerment
Successful leaders are able to delegate responsibilities and provide growth opportunities. e
8. Team building
Creating a positive, collaborative culture is important to ensure everyone feels motivated and valued.
9. Continuous learning
Ongoing learning and personal development is important for a successful leader.
10. Goal-driven
The main focus should revolve around achieving set goals and monitoring progress towards results.
11. Optimistic
A cheerful perspective will assist in transmitting confidence to the rest of the team.
12. Proactive
A good leader should be able to take initiative.
What are the different leadership styles in business?
1. ‘Laissez Faire’
This style of leadership involves minimal involvement or interference from the leader, giving team members a high degree of autonomy. This is effective when working with a skilled and motivated team.
2. Democratic
In this form of leadership the leader includes team members in the decision-making process, seeking input. This is most effective when team members have valuable insights, and can assist in empowering them.
3. Autocratic
An autocratic leader holds full control over decision making and does not consult the team. This is useful in times when fast decisions are required.
4. Transactional
This form of leadership involves rewards and punishments as a means of motivating team members. This may be appropriate if clear structures and processes are required.
5. Transformational
Transformational leaders motivate, inspire, and encourage creativity, which is generally effective when undergoing a change or shift in culture.
6. Situational
For leaders that need to be flexible and responsive to varying team dynamics and challenges, situational leadership may be most appropriate, involving adaptable leadership based on the specific circumstances.
7. Charismatic
Charismatic leaders use their personal charm to influence others, able to convincingly articulate their vision. This is useful when there is a need to boost morale and create excitement.
8. Servant
Servant leaders work to support and develop their team members, focusing on serving them rather than being served. This is effective in building strong teams and a positive culture.
The best leaders often incorporate elements of multiple styles to create a personalised approach that suits the specific needs of their team and the organisation. They are also capable of adapting their style based on evolving demands.
Lead your business with guidance from Marino Robert Sussich
For leadership and business strategy advice, Marino Sussich is a reliable and experienced advisor dedicated to assisting you in meeting your business objectives. Contact Marino today for success tomorrow.
