I’ve seen leaders make three widespread errors when investing of their management capital. These errors harm each their effectivity and their effectiveness.
Do you’re employed a 40 hour week or are you working 24/7? How a lot effort are you placing into your work? How a lot stress do you expertise from the power you’re placing in? Your time and power are finite assets. You possibly can squeeze extra trip by taking away from different actions in your life however you possibly can’t do this ceaselessly. That point isn’t limitless. Should you squeeze out an excessive amount of, dangerous issues can occur. I’m talking from expertise right here. I’ve had two coronary heart assaults as a result of I used to be spending an excessive amount of time and power with my work. One thing wants to vary.
To scale back the time you spend at work, cut back stress, and enhance efficiency, you’ll want to method the way you spend your time and power in a different way. Leadership capital is the time and power you make investments in main your crew. It must be invested rigorously like another scarce useful resource. When’s the final time you assessed the place you’re spending your time and power? Who’re you spending it with? How are you spending it? Are you getting the outcomes you need from these investments? These are all questions I need you to contemplate as you assess the way you’re spending the precious useful resource of your management capital.
3 Leadership Capital Errors
I’ve seen leaders make three widespread errors when investing of their management capital. These errors harm each their effectivity and their effectiveness.
The Peanut Butter Strategy
The primary mistake I see is what I name the peanut butter method. What leaders do is give everybody on their crew precisely the identical quantity of their time and power. They simply unfold it round evenly. They do that as a result of it feels honest to everybody. What’s mistaken with this method is just not everybody wants the identical quantity of your time. It’s not honest to those that want much less. It seems like micromanagement. It’s not honest to those that want extra of your consideration. They really feel like they’re getting slighted for time.
The Reactive Strategy
The second mistake I see is the reactive method the place leaders give folks time and a focus each time they ask within the order they ask for it. Simply take into consideration a queue of individuals lined up exterior that chief’s door knocking on the door and asking for time and a focus and that chief simply calls the subsequent quantity in line. This error occurs as a result of this method requires little or no thought. What’s mistaken with this method is it fails to prioritize the chief’s time and allocate it to crucial points. It additionally encourages crew members to continually take up the chief’s time slightly than fixing points for themselves.
The Path of Least Resistance Strategy
The third mistake is taking the trail of least resistance. Leaders spend extra time with people who find themselves best or most enjoyable to work with. They keep away from crew members who give them bother. Leaders do that as a result of this method is straightforward. It avoids battle. The problems with this method embrace not fixing points that have to be resolved and as a substitute dedicating time and power to low return efforts. Spending extreme time with excessive performers doesn’t contribute an important deal to delivering excellent outcomes.
Once you have a look at these errors, I’d such as you to ask your self a few questions. What would you do in case your chief monetary officer allotted funds and funding {dollars} this fashion? Do you spend your management capital this fashion? As soon as you realize what these widespread errors are, it’s simpler to keep away from them and as a substitute be extra intentional about the way you spend your management capital to get higher outcomes.
Wish to be taught extra about main successfully? How about taking a complete course on it? Go on to the course and begin studying the best way to navigate politics as a senior chief. The complete course is out there at LinkedIn Studying. Take pleasure in!
Did you get pleasure from this submit? In that case, I extremely encourage you to take about 30 seconds to turn out to be a daily subscriber to this weblog. It’s free, enjoyable, sensible, and just a few emails every week (I promise!). SIGN UP HERE to get the thoughtLEADERS weblog conveniently delivered proper to your inbox!
