3 Key Changes James River Capital Recommends to Impact Your Leadership Style

It takes a combination of art and science to make a great leader. It also takes great skill as well as development for you to be able to lead a team effectively. While it takes a lengthy time of skill development, there a few changes you can make to impact your leadership style positively. Companies such as James River Capital have conducted a lot of research on the most effective leadership strategies. As a result of the research, they discovered the following three key changes that can change your leadership style. Learn more: https://vimeo.com/272365860

 

Support your team instead of leading

 

A critical mental shift is required for this strategy to work. Gigantic companies such as Facebook embraces supportive leadership rather than just leading a team. The support strategy will change your view on your roles and even impact on how you interact with your team members. Even small changes can go a long way into impacting the efficiency of your leadership.

 

Encourage and Welcome Escalation

 

A research has shown that most of employees withhold feedback from their employers. This is especially the case when employees fear getting into trouble with their bosses whenever they want to come to them with an issue. It is, therefore, imperative that there should be open and transparent communication between employees and employers if innovation, engagement, and collaboration is to thrive in the workplace. A google research found out about ‘psychological safety’. Psychological safety denotes a scenario where employees feel comfortable coming to you with problems, challenges and improvements.

 

One effective way of creating ‘psychological safety’ at the workplace include welcoming escalation and being appreciative. Another way of creating that environment is through giving equal chances for everyone to participate in meetings.

 

Each opinion matters

 

For effective management of a team, obstacles between you and your employees needs to be completely removed. Employees should feel free to come to you with anything. The last point pointed towards ensuring everyone speaks in meetings. It can be difficult to follow up on who has spoken and who hasn’t. Therefore, it is wise to make a list of attendees and mark against each name of each person who speaks. While at it, as there may be attendees who would like to speak consistently, try to engage the quiet members. However, being too pushy may not help. Make everyone feel comfortable and ensure that everyone and their opinions are appreciated.

 

James River Capital Walks the Talk

 

The Richmond-based company advocates for great leadership style. Founded in 1986, James River Capital was acquired by Paul Saunders and Kevin Brandt and it specializes on investment advisory services, commodity trading advisory services as well as commodity pool operations. The company manages over $570 million in James River products.