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Components of Leadership

Components of Leadership

The moral purpose has to do with both sides: the client and the team itself. A good leader will understand the Components of Leadership that he/she should make a difference in both parties’ lives. A leader must treat everyone fairly and understand the purpose of being in his/her position. Apart from benefiting the organization and producing sales, their core duty is to help other people personally through emotional and career support. He/she should strive to work together so that everyone is satisfied and happy in their work life. When the team is mentally pleased and happy with their work-life, they will do better, which will benefit the organization.

Building Relationships by using components of leadership

A leader does not only have to build a personal relationship with everyone on his/her team, but he/she must ensure that everyone in the group has a good relationship with each other. A unified team that cares about each other works better collectively than a team that cannot stand each other. When the team has good relationships, they help each other in their work, brainstorm together, help each other when the deadlines are close, protect each other, and look out for each other. A healthy environment within the team builds close relationships and produces good results.

Leaders can create communities within teams with the core aim of learning together. This initiative enhances the knowledge and skills of the team members. Still, it will also help them become closer and have a good relationship and understanding of the organization’s people. Learning communities eventually help promote innovations within the organization, and the team that was innovating together shares the success; hence, it will bring them closer. You will see that when learning together, the team will develop a common culture among them. Not only will the leader be able to produce desired results and improvements in goals, but he will also be able to have close-knit relationships within the team. These learning communities can be a team-building exercise!

Components of leadership

Trust

A good leader will always have a personal relationship with their team, where the team does not fear contacting him/her during a time of need or when there is a problem. There are times when the team feels accomplished and confident. At other times, the team might feel lost, challenged, devastated, and even confused. These are the times when your leadership will be tested. If you have been an understanding and helpful leader in the past and were there for your team, your team will not hesitate to come to you when they need your support, which is a good sign.

However, if your team is scared that you will have an angry reaction, they will not come to you when they need you. This means you have to work on gaining their trust. When your team cannot reach out to you when in need, they get frustrated and will make wrong decisions, which might take things to an unfixable level. However, if they come to you at the right time, without the fear of being judged or scolded, you can fix things and teach them the right thing to do before anything gets worse.

Rather than someone they cannot reach out to, your teammates must see you as a person they can confide in. Not only will this help you create a better relationship with them, but it will also help the organization to refrain from disasters from which they cannot recover.

Wisdom

Components of Leadership

Wisdom is defined as your ability to understand and distinguish between your internal feelings, thoughts, reactions, and behaviors. You can manage your thoughts and feelings with your actions. It is the control one has over themselves and their behavior towards things.

There might be times as a leader when you will find you did not react in a situation how you wanted. You might have been angry at someone but chose not to show your emotions and instead made them understand where they were wrong. You dealt with someone with the utmost patience when you had no room for more. You had to rise above some actions of your teammates when you were having a bad day. You will often see yourself not acting upon your thoughts and emotions and making your body do the opposite of what your mind wants you to do. That is true wisdom! Knowing how to react in a situation when your emotions tell you to do something else is wisdom.

Having the sense to say what is needed and when it is needed comes in handy when dealing with many people. Often, dealing with a handful of people may frustrate you, but if you start to take out your frustration on them, it will demotivate them, and they will stop confiding in you. At times, it is better to be patient rather than throwing your emotions all over the place because an emotional reaction creates tension among your employees, and it might not work well for the organization and or their personal life.

Act. No Procrastination!

There might be days when you feel down and do not feel like going out in the world, let alone dealing with people. You are a human, and that is fine!

You will note that when you do not regulate your goals and have the tendency to get lost in irrelevant problems and less critical decisions, you will eventually procrastinate. The key is to develop consistent working habits that will help you focus and not lose your sense of concentration. Leaders who have organized workspace and consistent functional patterns that involve goal setting are less likely to procrastinate. You will see that the environment you work in also affects your decision making. If you are in a working condition where you’re not comfortable, you will find it hard to focus and feel less confident to execute your ideas. We hope you can learn from these components and find some of the attributes in yourself!

If you need more information, you can contact us.

What is Social Impact? How can you make social impact?

What is Social Impact? How can you make social impact?

Nobody has been able to put their finger upon the correct or most relatable definition of what is social impact? However, there are many ways we can define the term; it can be known as the effect of an activity or mindset on an individual or a community. It can be a change that occurs in a person’s personality due to a significant social challenge. The difference can be either positive or harmful, depending on how society takes it. Social impact can also be defined as an effect of an organization’s actions for the well-being of the community.

We cannot have a fixed definition of what is social impact because social impact depends upon the perception of a community depending upon their norms, rather than a person’s perception.

When talking about businesses, social impact is when companies, organizations, or different individuals  effect the environment and the community around them. The product can be in the form of some program that they are conducting, some activity, a policy, or even an event taking place to benefit society. The social impact can affect the people working in that specific organization, people who are living close to those businesses, different communities, states, or even countries. Any act of a company or an organization that positively affects the people around it, intentional and unintentional, is social impact. It can also be labeled ‘social good’ because these actions bring good to a community.

How can you make a social impact?

Take Action for social impact.

What is Social Impact?

You can always make a difference by talking about things that you believe in, talking about the changes that should occur in the world, and what people should do to help the transition. But it would be best if you understood that creating a social impact does not only require discussion or talking about a difference; it needs work. It needs action rather than debates. If you believe in something and want to change the community, you will have to take a stand and start making a difference by putting your plans into action!

It would help if you took note that no individual action is small or goes unrecognized. Your little efforts can bring about a ripple effect that has a significant impact on the community. Yes, there are many problems in the world, and you cannot cater to all of them. But even if you address the smallest problem, you can bring about a positive change in someone’s life. Sometimes, when you take the first step towards making a difference, many people follow, and you end up doing a lot for the community, even more than you had imagined.

So, never hesitate in taking the first step towards positivity. You might be the first person to do so, but you will see that many people will start following in your footsteps, and in the end, a whole community will be contributing to making it all better.

Help with the Money

You can also get active in your local community, whether it be with a political organization with whom you share a vision or a charity you feel strongly about. Often charities have enough people power but not enough money, so your social impact can be raising funds or a personal donation.

You should know that contributing even the smallest amount can make a big difference in someone else’s life. Even if you cannot contribute in the form of money, you can always give away things that you do not use anymore. The best way to create a social impact through charity is to make the people around you realize that it is their responsibility towards the environment.

Your aim should not be to help an organization with money. Your purpose should be to raise funds for that organization. You can ask around to people, friends, or family when you see a cause you think can use your help. Raising money for an organization that aims to contribute or give back to society could be the personal and best kind of social impact you can make.

Be a net-giver, not a net taker.

Organizations should encourage their employees to become net-givers than net-takers because this enables a collaborative environment, teamwork, better ideas, etc.  Helping each other out always brings more value to the company. For example, a colleague helping another colleague without any expectation is a net giver and creates a social impact at their workplace. The more net-givers in an organization, the higher the success rate would be because people are thinking in each other’s best interest. Being a net-taker means that you only think about yourself, which does not impact the environment except for you.

In today’s era, customers do not expect brands and companies to only take from society and not give anything back to them. CSR has become more of a responsibility rather than being an opportunity to build a better reputation. Now, the customers expect more prominent brands to give back to society. Companies can support charity organizations that already exist, create their own charity organizations, or raise money for a cause they believe in by carrying out charity drives or awareness events.

Previously, brands used CSR as an opportunity to build their brand image, but with the changing world, CSR has become more of a responsibility. Customers want brands and companies to contribute to the community they earn from, and this thinking has led to a lot of improvement in our societies!

 Social impact marketing

The art of making a difference in the environment is something that many organizations have achieved or are trying to achieve. This strategy is closely linked to tapping into the hearts of consumers. It focuses on nurturing relationships and communicating between businesses, their potential consumers, and the community. This concept encourages a company to market their product or service and positively impact the city. This is how companies can make a real, measurable difference while building a brand that supports and ensures a better community.

 Individuals as social and political actors

Every individual has a perception and judgment that supports social movements which positively or negatively impact the community. We want society’s contribution from our brands and companies, but we expect it from our political leaders. So, if you’re in a place where you think you can significantly impact your position in society, you should go ahead and ask the people around you to do so too!

  Measure your social impact

 Let’s start with an example that you are planning to cook pasta today. For that, you would probably need to buy the required ingredients, which could be said to be your ” input.” Once you have put in your ingredients, you will get your desired output, of course, the cheesy pasta!  The same is true in this scenario. To create change, one needs to think of parameters that could be determined. Here are numbers of factors that should be kept in mind while making an impact: 

  • Who to benefit?
  • How many benefited from the social drive?
  • How do they benefit?
  • What changes should be made?
  • Who will make these changes?

Moreover, you will need a plan to make the changes to want to make. You cannot just go out in the world, start talking about your beliefs, and expect people to join you in your venture to make a difference. You will need a plan and a strategy to attract people towards your goal, give society an incentive, and then act on it to make a difference. Having a plan for your mission is one of the keys to success in making a difference. You might be able to reach some of your goals without a plan, but in the long-run, you will surely need a program to help you make a significant change in society that everyone will benefit from and everyone will remember!

Who are the industry thought leaders? and how to become one.

Who are the industry thought leaders? and how to become one.

As noted in our previous articles, industry thought leaders are people or individuals who are regarded as experts in their field. They are people of immense knowledge and skill who have, over the years, added good value to their field. In 1994, Joel Kurtzman defined a thought leader as “Someone who had ideas THAT MERITED ATTENTION”. Thought leaders are also visionaries with a mission of expanding and enlightening their field. They are often regarded as people who look into the future of a field, reform existing practices, and set a course for others to follow. You could also say that they are people who contribute greatly to their field or industry through ideas, information, and production success in a way that they become trusted. What are industry thought leaders?

To be an industry thought leader, it means you have contributed to the growth and development in your area of expertise, proven your relevance over the years, and have disseminated vital information other people might leverage for the advancement of your industry. Industry thought leaders are a steady and reliable source of information, opinion, and insight to their specialized field, and are mentors to the young and growing colleagues in their industry. Before you can be regarded as a thought leader in your industry, you must have provided vital information, built people’s (consumers’) trust, and gained standing in the industry beyond a reasonable doubt. There are many examples of industry thought leaders today, and we can find them in numerous fields.

For example, John F Kennedy, the former president of the United States of America, was regarded as a thought leader because he was the first president to ask the Congress to approve more than 22 billion dollars for space exploration when he said men could walk on the moon. In the tech industry, we have lots of thought leaders who have made the world easier with their ideas and development of smart gadgets. The first two people that come to mind are Steve Jobs and Bill Gates. Both have contributed immensely to what the computing world is today. Although, they did not have the same idea, their goal was the same; one believed that the closed computing system is the way, while the other believed that the open computing system is better. They both gained millions of followers over the years and this has birthed several other computing systems

INDUSTRY THOUGHT LEADERS

A similar example is Mark Zuckerberg, who is the CEO of Facebook. Before its existence, there was nothing like an app or website where people could connect and make friends, but a person had this thought and gave everything to develop and make his idea a reality. It was met with criticism, as many other ideas you have might be, but he did actualize his dreams, and he has made it easy to make friends and even talk to them without extra charges from network providers. Facebook, at the moment, has over 2.7 billion active users per month and is still growing.

One of the common things about thought leaders is that they are known for their crazy ideas. In this article, I will focus more on the tech and business industry because they are well known and a few of them even made the list of the world’s richest people compiled by Forbes magazine.

  1. Elon Musk – Elon Musk is an engineer and also a businessman. He is notably known as the CEO of Tesla, Inc. He was an adept reader from a young age and developed an interest in computer programming with his first programming product coming at the age of 12.

Growing up was hard for him because his parents divorced, and he had to live most of his young life with his father. Elon Musk did not like his dad. He described his father as a terrible human being, and he suffered from bullying in his schooling days. His business career started as early as 1995 when himself and his brother started a company named Zip2. In an interview, Musk said even with him owning a company, he couldn’t afford an apartment. He had to sleep on the office couch

INDUSTRY THOUGHT LEADERS

His efforts began to pay off when Compaq acquired Zip2 for US$307 million in February 1999 with Elon Musk receiving US$22 million personally, a 7% share of the company. Later that year, Musk co-founded the X.com company with US$10 million out of the money he received from the sale of Zip2. That company later merged with another company that has an internet payment gateway called PayPal. PayPal was later acquired by eBay in October 2002 for US$1.5 billion and Musk received US$165 million because he was the majority shareholder of the company.

Elon Musk didn’t relent at his early wealth. He invested US$100 million in the establishment of Space Exploration Technologies (SpaceX) in 2002 and Tesla Motors in 2003. His dream was to have a company that builds electric sports cars. In 2019, he was ranked joint-first on the Forbes list of the Most Innovative Leaders in that year. In November 2020, Elon Musk became the third richest man in the world, as listed by Forbes Magazine, with his wealth quadrupling what it was before the start of the COVID 19 pandemic.

  1. Jeff Bezos – Another example of a thought leader is Jeffrey Preston Bezos. He is an American entrepreneur and investor. He is the founder of Amazon, an internet e-commerce company. Similar to Elon Musk, his parents divorced and his mother married  a man from Cuba. He began his working career at a telecommunications company with the task of building a network for international trade. He later joined a couple of companies where he worked as head of development, director of customer service, and product manager.

Jeff decided to start his own company, which was meant to be an online bookstore and planned to expand to other products later. He started this company in his garage and later moved to Seattle. In the early stages of Amazon, some investors warned Jeff that there was a high and unavoidable chance that it would fail and go bankrupt, because there was no future for such business.

He later expanded to the sale of music, videos, and later in 1998, he added a variety of consumer goods. Jeff Bezos invested a lot in Amazon with him collecting loans from banks, though the company struggled with debt and financial instability which almost led to the company folding. In 2003, Amazon bounced back making a profit of $400 million. Over the years, Amazon has developed to become one of the most valuable companies in the United States of America.

Jeff Bezos became the first person in the history of mankind to have a net worth exceeding US$200 billion and is listed as the richest man in the world according to Forbes.

HOW TO BECOME AN INDUSTRY THOUGHT LEADER?

  1. Cultivate a Leadership Strategy: To achieve the feat of being recognized as a thought leader in your field and industry, you must develop both short-term and long-term plans which support your ideas and goals. From there, you can develop a working strategy which will synchronize your long and short-term plans. You can start by producing content (articles, podcasts, videos) weekly or monthly to tell people your ideas and values.

You must represent your values well in the industry. Therefore, you must develop a working strategy. The short-term plans are plans you want to accomplish within a short time while the long-term plans are plans for the future. The long-term plans, in most cases, say a lot about your values and ideas.

  • Be a Solution Carrier: One of the best ways to make it to the top is by providing solutions to the problems people are facing. In most cases, it might not be a problem-solving solution but a solution that reforms the normal way of doing things. There are lots of companies in the world today investing in artificial intelligence because it seems to be the future.
  • Develop Meaningful Relationships and Trust: Before you can become a thought leader in your field, you must have a meaningful relationship with your followers and customers of your products. You must have high credibility in terms of the trust, your content must be met well by followers and customers, and you must always do things that ensure you retain the trust of your customers.
  • Be Flexible: The world is moving, and for you to stay relevant, you must be flexible. Some changes are occurring with time and the best thing to do is to be prepared for the changes. There were times of analog systems, and now we have moved to the era of digital systems; we have seen a little of smart gadgets (although it has not been fully explored).

Looking to build thought leadership? Join the Black Sheep community today. The Black Sheep community is an online platform for future thought leaders. They develop their wisdom and put it into practice by completing assignments and series of questions. The platform helps them to communicate their thoughts in an appealing way, so it becomes easy to make an impact.

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