Over the past decade, huge companies have turned to transformational leadership to stay on top of their game. Transformational leaders inspire, encourage, and most importantly, get things done. Instead of solving issues on their own, they include every member of the team in developing solutions.
Transformational leadership encourages individual growth and development. Effective leaders have an impact on the sense of self-growth of employees. Merrill Private Wealth Management’s Patrick Dwyer, formerly of Merrill Lynch, believes that transformational leadership creates followers who can function beyond the expectations set for them, which increases productivity and profitability. Employee satisfaction is key in maintaining business success. Leaders who carry the same vision as the company and sustain high morale in the workplace can empower employees. Transformational leadership can help make team members feel needed and appreciated for their efforts and ideas.
It can be challenging to work with and for a company whose purpose is far from one’s beliefs as an employee. Through this kind of leadership, employees feel connected to the company’s vision and core values. According to former Merrill Lynch employee Patrick Dwyer, effective leaders know how to communicate the company’s purpose and values to stakeholders.
Transformational leadership can be applied to diverse industries and is a universal language. It is also globally appreciated and celebrated by the most famous leaders.
Merrill Private Wealth Management’s Patrick Dwyer, formerly of Merrill Lynch, believes that education is one of the fundamentals of growth in the world of business. He encourages everyone to continue learning and discovering new things every day. For similar updates, head over to this blog.
Businesses need to be flexible to successfully react to changes in the market and competitors. This makes leadership roles all the more important when it comes to crucial departments such as marketing, finance, and supply chain. According to Patrick Dwyer of Merrill Lynch, dynamic leadership will always be a talent corporations constantly seek. Here are some practices to help you become a dynamic leader in the workplace.
A dynamic leader doesn’t just roll with whatever current systems are implemented regardless if they are effective or not. There is a need to question everything in the process. By doing so, a leader can spot instances or areas which can be improved upon.
Another way of practicing dynamic leadership is doing away with the “I” and maximizing the use of words such as “we, us, and our.” Team culture plays a vital role in the cohesiveness of employees as well as their productivity. Keep in mind that it’s always better if everyone is working with a leader instead of working for a leader.
Dynamic leadership should also focus more on the positive side of things. Even if a plan doesn’t succeed as intended, see every mistake as an opportunity to improve. It also saves a lot of time other people use to criticize the mistakes made.
Lastly, a dynamic leader always sees time as the most valuable resource. When a meeting gets delayed by 30 minutes, a good leader sees the value of the lost half hour. According to Patrick Dwyer of Merrill Lynch, loses in downtime include non-productivity and the wages paid to employees who failed to show up on time.
An advocate of lifelong learning, Patrick Dwyer of Merrill Lynch believes that education and hard work are the keys to success in the ever-changing world of business. For more articles like this, visit this blog.
Employees who stand out in the workplace for their leadership skills can play a major role in developing company culture in the future. It is important to determine who among the employees are showing leadership traits early on, to put them in the right position where they can harness their skills and become a good influence on others in the workplace.
When a person possesses the skills and the competencies of a potential leader, it doesn’t mean that they also carry the qualities of a leader. Leaders have good morals. A strong, optimistic character is a chief aspect of leadership. Patrick Dwyer of Merrill Lynch says it’s crucial for leaders in the workplace to recognize future leaders, cultivate their talent and upgrade their skills.
An employee can be showing the potential to become a leader when they are ready to step up when a problem arises. An essential leadership quality that must be present in promising employees is being good at troubleshooting. There are instances when a quick fix is as important as the final solution, as it treats the problem initially.
Leadership and talent development must also deal with nurturing one’s interpersonal communication skills; it goes without saying. Patrick Dwyer of Merrill Lynch believes that while some leaders may not be talkers, they should at least be excellent at communicating with others in the workplace, including the higher-ups. Skills and competencies can be enhanced, but leadership and talent must be cultivated. Current leaders must be quick to recognized leadership qualities in employees, and offer to them training that would help them become excellent leaders in the future.
Patrick Dwyer of Merrill Lynch believes that education is a key to building strong skills that are crucial to many aspects of life: personal values, business, social relationships. Head over to this blog for more updates.
Productivity is always the main priority in business growth. This is why entrepreneurs invest in several strategies to boost efficiency in almost every step of operations. According to Patrick Dwyer of Merrill Lynch, improving workplace productivity is essential in today’s rigorous market. Here are some effective strategies people managers and business owners can deploy to improve productivity.
Give your employees the right tools
If you want your cook to cut onions evenly, you don’t give them a spoon. Equipping your workers with the right tool is the first step toward improving productivity. Giving them the wrong tools would reflect poorly in the judgment of management and would also be a waste of company resources.
Use technology to your advantage
There are several applications today which can be utilized to great effect by people managers. Apps keeping track of time and activities can help monitor your business and pinpoint areas of improvement. Likewise, collaboration tools can help eliminate rough edges in simplifying teamwork.
Employ regular training
Employees who don’t look forward to their next position often end up neglecting their responsibilities. This is why people managers should constantly challenge their staff through regular training sessions. By giving them sufficient training, you are opening doors to more responsibilities and better positions in the company.
According to Patrick Dwyer of Merrill Lynch, micromanagement offers very little benefit in managing people. Not only will you end up doing the bulk of the work, it can also be discouraging for your staff. In place of micromanagement, encourage workplace autonomy and accountability.
An advocate of lifelong learning, Patrick Dwyer of Merrill Lynch believes that education and hard work are the keys to success in the ever-changing world of business. For more reads on leadership, visit this blog.
Effective managers always have an exit strategy ahead of their promotion. Leaders who commit their work into building great teams have an exit strategy that encourages team members to be ready to fill in bigger shoes. It’s integral for managers to instill leadership skills in their team members by doing the following:
Help them build their network. Networking is an important skill for career growth. There can be instances where an employee would need a manager’s help to get their name out there, and leaders must make a conscious effort to assist.
As for Patrick Dwyer of Merrill Lynch, managers must coach team members to become future coaches. One of the unspoken responsibilities of managers is to help build a culture of teamwork in the workplace.
Develop a support system that would help in the attainment and sustenance of skill mastery among team members. Leaders must remember to delegate more challenging tasks to members who show great potential and train their teammates to improve their respective skills in preparation for leadership tasks. Challenge them in their work to teach members how to operate even in tight situations.
A leader himself, Patrick Dwyer of Merrill Lynch says that another key to help employees become great leaders in the future is taking opportunities to create an ownership mindset among the team. Potential leaders won’t put their skills into practice unless they are given tasks requiring the trust of their managers.
Patrick Dwyer of Merrill Lynch urges everyone to continue learning and discovering new things everyday as education is one the fundamentals of growth in the world of business. For more updates about leadership, subscribe to this blog.
Procrastination seems to be a problem many people have to address. Whether it’s in the workplace or in personal matters, people seem to be putting off important tasks instead of accomplishing them. Patrick Dwyer of Merrill Lynch believes that there is nothing more fulfilling than attaining success after applying what one has learned. To reach this, preventing delays and boosting efficiency is the key. Here are some helpful techniques:
The 2-Minute rule
Don’t put something off if it can be done in two minutes. Procrastinators are often faced with small tasks that could have been finished quickly but has now transformed into an overwhelming pile. Whether it’s sorting out the documents, forwarding an email, or washing a single cup in the sink, it’s better to get these minor tasks out of the way so a person can focus on more serious assignments.
Patrick Dwyer of Merrill Lynch is an advocate of skills development for professionals. This includes improving one’s time-management habits. In recent years, many have discovered the beauty of time-blocking. This technique is about defining high-priority and low-priority tasks and then dedicating chunks of time to accomplish them in a day. For example, drafting a report due the next day can be considered a high-priority task. Blocking off at least two hours will help a person focus on the task alone. Setting aside an hour for brief project updates can also help speed up progress. This technique motivates individuals to approach the day with a direction and goal.
Facing tasks head-on can be challenging especially if it is unfamiliar. But to keep up the progress, one must be willing to eliminate distractions and find new ways to be more efficient especially at work.
Patrick Dwyer of Merrill Lynch believes that education is one of the fundamentals of growth in the world of business. For more insights on the value of learning and work, visit this blog.
Some days are just better than others. At work, an employee can’t choose whether the day will have lots of challenges or hours of downtime. There can be days wherein an employee will have a hard time finishing one task before working on another. The only thing over which a worker can have control is their attitude.
The difference between a good day and a bad day is a person’s attitude. Maintaining a positive attitude at work can be beneficial for an employee’s career; it can even steer one toward a promotion. A positive attitude is an integral quality that employers look for in a candidate and their team members. However, maintaining it at all times can be difficult.
Having a pleasant vibe accompanied by optimism in the workplace reflects in the manner employees do their work. Their attitude then plays out in the outcome of their projects, as it is a form of self expression. The Mayo Clinic found that a good attitude, along with positive thinking, improves a person’s psychological wellbeing, and could be an effective coping mechanism to stressful situations in the workplace.
Signs of good attitude are identified by employers and other company leaders who are in search of good leaders in a group, or those to whom they want to confer projects. Positive employees are dedicated to volunteering some of their extra time, are enthusiastic, appreciative, kind, ready to help others, and work overtime.
In business, it is important that people first invest in their self-growth through education. Patrick Dwyer of Merrill Lynch believes that it is never a waste of time to learn new skills. To read similar articles, visit this blog.