86% of CEOs are concerned that they lack the talent needed to drive growth. That figure is quite staggering, considering how important it is for organizations to recruit and develop the right team. To help address the gap, we created this resource for Entrepreneurs looking to build a leadership team around them and grow their organizations.
This worksheet was first used in a workshop organized by the Entrepreneurs' Organization - UAE Chapter on leadership and team management. Our CEO & Founder, Marilyn Zakhour, provided insights and strategies to help founders build leadership teams and propel their businesses to the next level. While many entrepreneurs recognize the importance of building a strong leadership team, they often encounter common pitfalls. In this article, we list 3 common challenges and 6 key insights that help entrepreneurs build stronger, more effective leadership teams:
What gets in the way of Building Effective Leadership Teams?
1. Believing they need a clone of themselves: This mindset limits diversity of thought and skills, potentially stunting the company's growth and adaptability.
2. Making newly hired leaders fire fight crises rather than build the company's future: By focusing on immediate problems, leaders miss opportunities to implement long-term strategies and innovations.
3. Hiring great leaders but failing to invest time in building the management team: Without deliberate team-building efforts, even the most talented individuals may struggle to work cohesively towards common goals. 6 Tips to Build Effective Leadership Teams: 1. Build a Diverse Leadership Team
It's important to assemble a complementary leadership team with diverse capabilities that align with and enhance the company's vision. Avoid hiring carbon copies of yourself.
2. Refine the Recruitment Process
Design a rigorous recruitment process that vets for both skills and culture fit. Ask interview questions that assess and reveal how aligned candidates are to your mission.
3. Be intentional about onboarding
Onboard new hires with a 30/60/90-day plan tailored to strategic initiatives. Don't just hire them to fix your most pressing issues.
4. Foster Open Communication
Promoting transparent communication and idea-sharing helps build trust and ownership. Empower team members through active listening.
5. Define & refine your operating model
It's important for leaders to continuously reevaluate the leadership operating model. This includes team rituals, activities, decision-making, governance, and your own leadership style.
6. Delegate
Identifying opportunities to step back from certain tasks helps empower leaders to take ownership and drive impact.
Ready to build a strong leadership team?
To overcome these leadership challenges and build a strong leadership team, download our worksheet today.
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