One of the most important decisions that members of any investment group will have to make is the decision regarding the type of their leaders. It doesn’t matter how poetic the group manifesto is, how high they have set their ambitions, or even how well articulated the group bylaws are. Without proper leadership, all those will remain to be empty wishes on paper. It takes a good leader to breathe life into those ambitions, to inspire the members to do much more than they thought is possible, and to instill discipline and good culture in the group, without which the group will remain on crutches.
Why is leadership so important?
Leadership is the heartbeat of society. Leaders have the responsibility of uniting people in pursuit of a common goal and providing direction in times of crisis. Every social setup, whether formal or informal has leaders, who may be in their positions b virtue of being chosen or by default. Failure to recognize such roles ultimately leads to a broken society.
A leader may be born, or made. Some of us are naturally endowed with leadership traits and a desire to guide people, while others become leaders by training. Others are made to assume leadership by circumstance and learn the trade by practice.
Despite how a leader came to be, it lies squarely on his shoulders to empower his followers toward the actualization of their set goals.
There is no guidebook to leadership
How a leader executes his duties is highly situation-dependent, as different setups require different approaches depending on the prevailing challenges. There are no general ‘leadership hacks’. This means that a leader must be a highly adaptable person, able to apply his acquired knowledge and skill to the situation at hand in a creative way. An attempt to copy-paste leadership strategies across different spectra of circumstances could be highly devastating.
There are three broad categories of leadership styles. Let’s look at them briefly.
The first is the democratic style, which is most commonly used around the world. A concept that began in ancient Greece, it is characterized by the followers having the freedom to participate in the leadership process by contributing their opinions and ideas.
The second style is laissez-faire leadership. The leader assumes an ‘absent’ position and gives his followers the space to make decisions on their own. It is mostly applicable in places where people are highly skilled in what they do especially in technical jobs.
Lastly is the authoritarian style of leadership. This is when the leader is totally supreme over his subjects and his word is final.
Choosing a Leader for your group.
As stated before, leadership is highly situation-dependent. The kind of leadership your group needs will be dictated by the challenges the group is facing and the general position that the group is in. These factors must be looked at carefully before choosing leaders. However, there are certain basic qualities that every successful leader needs to possess.
Qualities to look for in an ideal leader.
“A leader is one who knows the way, shows the way, and goes the way”.Tags: leadership
Categorised in: Leadership
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