Business Management is Changing: What Makes a Great Leader?

It's official: the days of "dictator" managers are over. You know, the traditional business model, where the people in power mattered more than everyone else, and you wouldn't dare question anything your boss said or did?

Now, it's all about positive workplace culture. And democratic decision-making, where all voices matter. Employees aren't going to keep quiet if treated unfairly, or be so "thankful" for their jobs that they won't demand better pay or working conditions.

It's 2019, and employees have more power than ever before. They can destroy a brand by sharing their grievances on social media. They can give a business a poor rating on workplace review sites, and scare off good applicants.

In the end, your team members will just up and quit if they feel mistreated or undervalued. People won't stick around in a job they don't like. The average person changes jobs 10-15 times during their career! And everyone knows the cost of replacing and training new employees is extremely high.

So what do people expect from their supervisor, team leader, or business manager in 2019? What are the leadership qualities and skills you need to succeed in these roles?

Take a look at 4 major ways business management is changing, and how to stay ahead of the curve.


1. Employee "engagement" is now a top priority

It's not enough to just tell people what to do, and then sit back and judge their performance from afar. These days, managers are much more focussed on getting to know their team members—really connecting with them in meaningful ways.

It's all about employee engagement—motivating people to feel passionate about their work and give 110%. Whether you're overseeing 3 workers, or running a whole department, you'll want to aim for things like:

  • sharing management goals and inviting team members to contribute ideas
  • chatting with and getting to know your staff (building positive relationships)
  • openly praising employees for hard work and great performance
  • organizing activities for your team (volunteering for a local charity or cause, theme days at work, birthday celebrations, team lunches, etc.)
  • bringing in treats to share with the office, once or twice a week
  • showing you actually care about employee's concerns and are available to talk

Engagement can range from simple acts (bringing in donuts) to more profound gestures—like calling staff members your "partners" and really treating them as equals. The point is to inspire employees to invest in their jobs and feel proud of the business. Isn't that what we all want?

Remember: The benefits of employee engagement aren't just more warm and fuzzy moments at the office. This approach has proven financial benefits. Research shows that businesses who really connect with their workforce perform 200% better than those who don't.

So, as you tackle your first leadership job after business management training, keep in mind that engaging with your team is definitely worth the time and effort.


2. Regular performance reviews that go both ways

Gone are the days when managers did performance reviews once a year, and that's the only feedback employees ever got. These days, people (especially millennials and Gen Z-ers) expect regular feedback on how they're doing, and recognition of hard work.

As a manager, it will be your job to set weekly, quarterly, and yearly targets for your team members. You'll have to get personal, and figure out where their strengths lie, what weaknesses they need to work on, and how to share criticism in a positive way.

This includes steps like:

  • setting individual performance goals, and ensuring each team member understands what's expected of them
  • asking employees about their own goals, things they'd like to achieve at work
  • having both formal (sit-down reviews in private) and informal (casual daily check-ins) to see how your team members are progressing

Remember: In 2019, performance reviews go both ways. You should also be asking your staff what they think about your management style. Do they have any concerns? Are there areas where you could improve? Do they have the tools they need to do their jobs well?

Asking employees to give feedback on your management technique is an excellent way to help them feel engaged, included, and respected.


3. Helping Your team members grow

Let's say a team member tells you they really want to learn a new skill, or take on a new challenge at work. Do you just ignore their wishes because you're happy with the role they're in, and don't want to shake things up?

Or, do you take the request seriously, and start looking for ways to help them reach their goal? If you want the employee to stick around, you'll definitely go for option 2.

Research shows the number one reason people quit their jobs is because they don't feel fulfilled, challenged, or listened to. They're bored, and don't see a future for themselves at the company.

Listen carefully to what your team members want. Pay attention to their goals, and find ways to help them tackle new challenges, and feel like they're growing at work. This is definitely a key objective for all modern business managers.


4. Being a role model for company values & leadership ethics

Hoping to get hired by a truly inspiring company after business management training? Want to work with a company you can believe in? Where your boss has a strong set of professional values, and really sticks by them?

Trust us—your future staff will want the same thing. More than ever, people want to work with organizations that stand for something. When you become a supervisor or team leader, you'll need to walk the talk.

You'll be representing the values and ethics your company stands for. And your employees will be watching closely, to see if you're authentic. For example, if you say you really believe in open communication, helping your team members succeed, and listening to feedback on your performance—you'd better make sure you act that way!

Managers who pretend to care, but don't, lose respect at lightning speed.


Learn more about becoming a business manager

Considering Business Management training? Herzing College offers a comprehensive 12-month Business Management diploma, which includes a 4-week internship.

Talk with Admissions to learn more. An Admissions Advisor can guide you through tuition costs, class schedules, financial aid, and how to apply.

Chat live with an Advisor now. Or click below to explore the Business Management program in more detail. We're here to help!

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