weschoolbangalore-blog

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The best Management Development Program at WeSchool, Bangalore. For more information, visit https://www.weschoolbangalore.in/executive-general-management-program/

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Students attending a Management Development Program at WeSchool, Bangalore.

For more information, visit: https://www.weschoolbangalore.in

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Leadership Development Program

For more information, click here:  https://www.weschoolbangalore.in/leadership-program/

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Do leadership programs set successful CEOs apart?

Looking up a blog article to know what sets successful CEOs apart invariably leads you to the iconic study conducted by the Harvard Business School. The review is a corollary of a ten-year-long study to figure what leadership traits set this grade of individuals apart. Their goal was to identify the specific attributes that differentiate high performing CEOs from the rest.

The CEO genome project was formed to understand this phenomenon better and the results of this study challenged many widely held assumptions about leadership skills. The introverts were slightly more likely to surpass the expectations of their boards and investors, compared to charismatic extroverts. They also found that educational excellence did not correlate with performance, considering that 8% of the CEOs who took part in the study did not graduate from college at all!

What then, is the secret ingredient that some people possess to set themselves apart in the corporate world? What unique leadership qualities do they have that enable them to show charismatic leadership? According to the Harvard Business Review, there are four behaviors that are critical to every CEO’s performance:

1) Decision-making with speed and conviction

The study proved that high performing CEOs firmly believed in making a decision, rather than not making one. They stand out as being more decisive, as they make decisions earlier, faster and with more conviction.

They project this behavior consistently, irrespective of incomplete information, as well as in unfamiliar and unchartered domains. They do not stand out for making great decisions but tend to make a decision even in times of apprehension. The slow decision makers tend to become slightly overcautious, prior to making a decision thereby stalling the enterprise, followed by a standstill situation.

Unlike team leaders, decisive CEOs work actively to solicit multiple points of view and often poll a carefully cultivated group of trusted advisers for opinions and sound judgement.

2) Engaging for impact

According to the study, successful CEOs tend to clear course for the business. They are keen to fulfill stakeholders’ priorities with an unrelenting focus on delivering business results. They understand their stakeholders’ needs and motivations and get adequate people on board by driving performance along with and aligning them around the primary goal of value creation. Such leaders do not shy away from conflict in the pursuit of business goals. This breed of CEOs are great leaders, along with being excellent conflict managers. They also gain the support of their team members by instilling confidence that will lead them to success. These CEOs are good listeners who try to gain new perspectives without creating the illusion of democracy.

3) Adapting proactively

The analysis made by the CEO genome project proved that CEOs who excel at adapting are more likely to succeed. Many CEOs themselves believed that this skill is critical and it is widely known among them that they need to divide their attention among short, medium and long-term perspectives. However, the adaptable CEOs spent more time focusing on long-term perspectives. This ability considerably influences the outcome, as it helps CEOs to pick up early signals. Highly adaptable CEOs regularly plug into broad information flows. They scan wide networks and diverse sources of data and finding relevant information that may initially seem unrelated to their business. These individuals recognize that setbacks are an integral part of changing course.

4) Delivering Reliably

The ability to produce reliable results was considered as the most powerful among the four essential CEO behaviors. Candidates who scored high on reliability were more likely to be picked for the role, as boards and investors have a steady hand and employees trust predictable leaders. They set realistic expectations for themselves and their leadership styles are different from managers. In their initial days on the job, they resist the temptation to jump into execution mode. Instead, they study the budgets and plans and engage with board members, employees and customers to understand their expectations. They also encourage their employees to undertake leadership development and skillset training, along with assessing the business to develop their own point of view on what’s realistic and they work to align expectations with their perspectives.

WeSchool conducts numerous executive leadership programs in Bangalore that help to develop the performance of CEOs, Senior Managers, and Entrepreneurs. Our programs focus on mentoring potential individuals to take up executive roles and perform exceptionally well in these leadership roles and responsibilities. We have thereby, devised a program to suit the dynamic individuals of today’s corporate sector. Welingkar PGDM is one of the most reputed courses and interested participants can enroll for the program at the Welingkar Institute of Management, Bangalore.

For more insights, visit https://www.weschoolbangalore.in/sets-successful-ceos-apart/

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An important lesson for all entrepreneurs and leaders out there.

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How does a leadership development program benefit an organization?

Leaders are the most integral part of any organization. Without an efficient leader, an organization cannot function accurately. In most scenarios, a leader is capable enough to lead the team without any hitch. But there are times when they don’t possess the right skill sets to solve a sudden crisis. In such times, a thorough leadership course or a leadership development program can aid the leaders in effectively resolving a situation.

As they say – prevention is better than cure. It is always better to train the leaders in your organization beforehand and equip them with the right skillset, instead of losing capital and precious time during a crisis. A majority of the companies in the world believe in the benefits of a leadership training and often enroll their employees in such activities. Yet, there are many who are unaware of its benefits.

The key benefits of undergoing a leadership development program are:

1) Innovation

In this ever-evolving world of business, the only way to stay ahead of your competition is by introducing innovative products and creating innovative solutions for a problem. In order to motivate and encourage your employees to think outside the box, they need to be led by their managers. It is a manager/ leader’s responsibility to create an innovation culture wherein employees can freely delve into new opportunities and arenas. It might be difficult for a manager to suddenly make this switch. You need to be equipped with the tools and techniques required to make cultural changes in an organization. That’s how one can display efficient leadership traits.

2) Coaching

Traditionally, all team leaders are used to only managing their subordinates and not providing them with essential guidance and expertise. A coach, on the other hand understands each team’s strengths and weaknesses completely and provides them with the necessary guidance and means to complete a task at hand. This not only improves the work culture within the organization, but also inspires the employees to work for the betterment of the company, instead of merely completing a task for the day. The issue at hand is that most corporate companies do not know how to train their managers to do this and others aren’t prepared to invest their time and money into such training programs.

3) Team Engagement

In order to feel invested at the workplace, an employee has to feel engaged. They need to feel like they are an asset to the organization and that their work is a vital component of the project. If the employees are disengaged or are least interested in completing the project, it can adversely affect the final outcome of the project and deflate the morale of the rest of the team members as well. Therefore, the leaders need to possess certain leadership skills to handle such employees and promote team engagement. In a leadership program, leaders undergo thorough people orientation skills which teach them to be more empathetic and helps them to boost the team spirit and create a motivational factor.

4) Employee Satisfaction

Most of the employees feel appreciated when they receive a praise from their manager. This is possible only when the manager has an interpersonal relationship with the employee. When a manager is not trained or hasn’t undergone a professional training course that helps them build leadership qualities, they tend to not understand the value of employee satisfaction. A person who displays charismatic leadership is one of the vital factors that leads to employee satisfaction. If an employee is satisfied with the job and knows that he/she is appreciated, it automatically leads to better work and an increase in profits.

Now that you are aware of the key benefits of developing unique leadership styles, it is time to enroll your employees in such training programs. One of the best leadership programs in Bangalore is offered by WeSchool. In this business school, we offer classroom sessions wherein leaders from a particular organization can interact with other leaders and enhance their skills. Our corporate training programs in Bangalore also use case study methodology to explain the concepts distinctly, thereby bringing in real-world application.

For more information about our business management courses or our PGDM course, visit our Weschool, Bengaluru website: www.weschoolbangalore.in

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Why are successful CEOs different?

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A must read if you’re wondering how super bosses function!

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Why everyone needs Design Thinking

The most prominent thought that occurs when one thinks of a creative organization is probably a design firm, advertising agency or a tech startup. Building a creative workforce is important to every industry and this creativity requires amindset shift that begins with leadership. Leaders need to allow each and every employee to participate creatively and invent new solutions. While venturing into the unknown together, it is important for both leaders as well as the combined team to hold a curious mindset in order to generate, embrace and execute and be open to new and innovative ideas.  It is the role of the leader to unlock the creative potential within an organization,in order to stay ahead of the game.

Leaders often tend to reject creativity and ingenuity, in favor of more practical and safe models. The consequence leads to a loss of ideas that could generate long-term value and new ideas. Design Thinking however, plays a key role in decision-making and delivering value to stakeholders. It helps build ideas from scratch, by meeting customer needs through creative and insightful solutions,with consumer-based strategies. Design Thinking therefore offers the best possible outcome to set a competitive advantage in the ever-emerging market. Regardless of the work environment, it is imperitive for all employees to develop and practice Design Thinking. Weschool understands and stresses on the reasons below:

·         Design Thinkers are problem solvers

Design Thinking is a concept that is applicable globally, across organizations and all industry verticals. It helps to provide solutions to various problems through means of a structured and well thought-out framework. Design thinkers are capable of thinking effectively, by building and expanding their concepts to provide highly efficient and out-of-the-box solutions. It does not fall in the pathway of traditional problem solving methods, as design thinkers tend to create solutions based on iteration and learning.

 ·         Innovation becomes a part of life:

The Design Thinking approach can help individuals create new, different and innovative ideas that are novel to a situation – be it at work, or in personal life. It helps businesses to differentiate from one another by bringing new and innovative ideas to the forefront. Design Thinkers focus on creating new markets with new possibilities to gain a competitive advantage.

 ·         Beneficial for leaders

Design Thinking can be used as a key driver of organizational strategy to overcome business problems and gain a good amount of customer insight. When one is encouraged to think creatively, they develop several leadership qualities like rapid processing of information, flexibility and the ability to rethink, evaluate an idea and restart a task.

Welingkar Institute of Management Development encourages all members of the workforce, irrespective of the industry or organization to undertake Design Thinking Learning. WeSchool believes that in today’s times, thinking creatively is the only way toexist in a technology-driven world. The training we provide equips employees with tools to make a tangible difference across various scenarios. To know more about out Design Thinking and Innovation Program, do visit our website: www.weschoolbangalore.in for more details.