The fact is that Entrepreneurship is filled with potential opportunities and risks alike. With each passing day, there can be noticed increasing competition in almost every field. Hence, it becomes tough for new entrepreneurs to achieve success in whatever type of business they plan to start. With some tips from the industry experts, it is possible to achieve all-round success.
What makes successful leadership?
A Successful Leader can be termed to be one who has developed the ability to influence others with ease. They are rather termed to be highly effectively influencers. They can direct, energize and motivate people to set and achieve strategic goals. You may want to know how leaders cultivate and pursue their influential ability. One school of thought considers influence to be transactional. It states that influence stems from well-defined processes and formal hierarchical authority, step-by-step strategy cascades, accountability, performance metrics, etc. The other school views influence as transformational. In this type, influence is said to stem from the ability of the leader to inspire and uplift people.
Being the change
Transformational leaders support and encourage people thereby influencing them to do much better at work. This approach is deep rooted in empowerment, empathy and emotion. Such leaders use Business opportunities to motivate the team to transform change, making it a reality. Effective leaders tend to work as relationship builders and role models, inspiring the team to upgrade their capabilities and abilities.
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At the same time, they also motivate them to improve their confidence level which is done through example. Such style however, needs more time when compared to transactional leadership. The kind of loyalty and trust developed by the leaders in others is what determines its effectiveness and overall Business Strategy. Hence, transformational leadership can be stated to be conversational and collaborative. It desires discussion and listening to what others have to say.
Soft wielding power
Transactional leaders can be found to use their authority for driving adherence. The objective is to ensure Business opportunities are properly created and everyone sticks to well-defined organizational processes and structures. Such leaders exhibit strong opinions and communicate them very clearly. But the challenge faced is trying to maintain high control level without making it overbearing.
Embracing durability of influence
It is found that both transformational and transactional leadership styles failed to prove as an effective influence builder. Influencers who combined both the styles were found to come up with more effective, high performing Business Strategy. The optimal path that can be taken is to avail dualistic approach. It tends to challenge common census as well as leadership literature. Therefore, if you desire to develop your influential power, then you are to consider transformational and transactional to be two parts of a well-defined, holistic approach. This way, to create a strategy, communicate path to follow and deliver clear instructions, you may take collaborative approach. Then, the path to be followed can be communicated in a step-by-step, personal and professional manner. It will help serve as a motivator and guide.
5 ways to follow
1. Aim to be respected and liked by others you choose to influence. You should be connected with overall well-being of the organization and its people.
2. Know those who you wish to influence. Do spend quality time allowing them to trust and work along with you.
3. To ensure strong Entrepreneurship, you need to engender mutual commitment as it works both ways.
4. You need to be committed thus providing valid reason for others to follow you. It should be on both individual and group level.
5. Be focused, strong and lead as a good example for others to follow.
Do create a strong goal and develop the ability to meet it. This will help you to get established as an influential Leader.