Young Leaders Programme (YLP)
Management Development Institute ,GurgaonOpen For Admission
The term “Effective Board Leadership” is considered one of the most significant phrases used in the modern world of business. According to some studies regarding SEO (Search Engine Optimisation), this particular term yields circa 2.87 million results in a Google search.
In any field, a leader is of utmost importance to ensure order, discipline, camaraderie, and productivity. Good leaders are required for enhancing the performance of the corresponding team members and also help them evolve to their best possible version. Let alone business organisations, fields like sports, disaster management, army, or anywhere involving a team, the team members need someone to show the right way. Otherwise, the situation would become absolutely chaotic and there would be laissez-faire.
In this article, you will be provided with the nuances of board leadership so that you can implement them later in your company in order to make sustainable improvements.
An effective board leadership depends on numerous factors. Among them, five elements stand out and provide the bastion needed for this process. These five elements are –
An efficient board leader must expect compliance from his/her team members. Unless the employees or team members aren’t compliant to their leader, they wouldn’t be committed to the particular jobs assigned to them. This will lead to malingering, procrastination, and eventually less productivity. The best way to ensure compliance is to bond with them personally so that they get a healthy working environment. Here, one thing must be remembered which is leaders are not dictators. So, if the leader approaches too authoritatively to ensure compliance, things are more likely to go wrong.
A good board leader must be strategic in his approach. To excogitate the best possible strategy, the key is to involve everyone in the process. A team has a number of members with different skill sets. Each of them would be able to contribute to devise a strategy that would ensure profitable consequences. The board leader must take everyone’s vantage point into account and make the most of it.
An evaluation procedure is the best way to judge the capabilities, fortes, and weaknesses of your team members. An effective evaluating process would mitigate the difference in quality among the members and would ensure an overall amelioration in their performance. This procedure can be made even more interesting by rewarding the best employee with something useful – such as a certain amount of money as bonus or various additional perks.
One of the most important entities of a good board leadership is the availability of fiscal, cerebral, and other resources. A good board leader must extract the maximum result from the resource available and eventually increase them in future.
To construct an impregnable board structure and system, the board leader should implement an efficient hierarchical system and a general set of rules which would not be exacting but energising for the board members.
Board leadership comes with manifold responsibilities. Taking care of these responsibilities requires certain skills. Below are some tips that might be helpful to lead the board members efficiently –
This is the first step of board leadership. The board members along with their leader must have a clear idea about the objective of their mission and the purpose of the labour they are about to put for the project.
The effectiveness of a plan depends on the participation and involvement of the board members. A good board leader must involve all his/her team members to actively take part in the planning process and later manoeuvring the plan efficiently.
After the implementation of the plan, monitoring is a very important part of the leadership. With proper monitoring, the actual efficiency and fructification of the plan will be judged. Consequently, the board leader would be able to figure out the loopholes in the plan and bolster it by taking necessary measures.
Ensuring sufficient resources is important because it will help the board members to fulfil their project in time and maintaining a desirable quality till the end.
Board members are indubitably the most valuable assets of a board involving in a major project. Therefore, the board leader must prioritise the safety and security of the board members along with other assets like monetary resources and various other facilities. Unless the assets are protected properly, the whole system would be susceptible to external threats and would fall apart eventually.
The whole working procedure and the execution of the plan devised must follow a legally and ethically correct path because otherwise, the focus will be on handling other exasperating issues rather than the project itself.
This is one of the most important matters that a board leader must keep in mind. Every member of the board must feel themselves as an integral part of the team. One of the most vital qualities of good leadership is to make every team member understand their individual worth and contribute accordingly.
A good leader must engage all of the board members to participate actively and contribute as per their individual abilities. Unless every single member is involved with their utmost commitment, small factions and cliques will form inside the team which will eventually gnaw it down from inside. Therefore, engaging all of the members including the slightly lethargic ones, is one of the key factors that a board leader should consider.
After engaging all the members, now it’s time to enable them to reach their maximum potential and exhibit maximum productivity. The leader should ask questions and take care of the minuscule issues associated with every employee to achieve their best possible version.
Life is not a bed of roses and an individual would inevitably face failure in their life sooner or later. If any of the group members fail to achieve the desired level, it is the team leader’s duty to encourage them and get rid of the depression.
There are infinite ways written in myriads of books about how to become a good leader. Although every one of them comes with some unique vantage points, there are some common qualities that a board leader must possess which are humility, honesty, passion, reflectivity, and patience. Ergo, it can be concluded that a person must be a decent human being at first to be a good leader.
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