Risk & Business Magazine Atlas Insurance Risk & Business Magazine Fall 2017 | Page 12

LEADERSHIP Leadership E verything in business begins and ends with leadership. And because it’s a complex topic, no one expert has a complete formula for what makes a better leader. Therefore, here are five important bodies of knowledge for those who are trying to sharpen their leadership skills. All have been developed by true students and teachers of leadership. Master these lessons and you’ll be far more effective. In a future column I’ll look at a similar set of skills and attributes of effective management. Though leadership and management are related, they are different sides of the same coin – and a person tends to be stronger in one than the other TRUST AND TEAM HEALTH Pat Lencioni, author of the classic Five 12 Five Critical Aspects Dysfunctions of a Team and his latest, The Advantage, emphasizes the importance of team health. There are plenty of smart teams that have failed; in turn, a healthy team free of politics and confusion will discern the right decisions and be able to align and execute on a common vision. Lencioni outlines five dysfunctions that damage team health, each impacting the others in a cascade of challenges: • Absence of Trust – unwilling to be vulnerable within the group. • Fear of Conflict – seeking harmony over constructive and passionate debate. • Lack of Commitment – feigning buy- in for group decisions, resulting in no aligned direction. • Avoidance of Accountability – failing to hold people (and each other) accountable to a high standard of performance. • Inattention to Results – more interested in status than outcomes. The key is identifying your primary leadership dysfunction and focusing on correcting it. FIVE PRACTICES Jim Kouzes and Barry Posner, based on research involving more than 3 million employees and leaders, have identified five practices that are common among effective leaders as outlined in their bestseller The Leadership Challenge (5th Edition out this summer). The specific practices: • Model the Way: More is “caught” than taught, so know your values and live them through your actions.