BizBites by Ethique Advisory

What is Your Leadership Style? The Leadership Style of a manager significantly weighs on a firm’s performance. A study conducted across half a million firms showed that the top 10% of high-performing firms had managers and founders that scored in the top 20% in leadership effectiveness. In contrast, the companies that scored in the bottom 10% had leaders score in the bottom 30% of leadership effectiveness. Therefore, a company needs to evaluate its managers’ leadership effectiveness. For that, it is vital to understand the styles of Leadership. While there are several styles often discussed in this blog, we shall focus on two broad types that all leaders can we classified as Reactive Leadership & Creative Leadership. What are Leadership Styles? A leadership style refers to a leader’s approach when managing people/teams reporting to them. Leadership styles determine how managers execute the path to achieving the company objectives while meeting stakeholder expectations a...

  Is this the right decision to make? How often have you encountered this dilemma professionally or on a personal level? We all want to make the right decision. Entrepreneurs are no different. Here are some guidelines to prevent entrepreneurs from erring in making sound decisions Base your choices on your values:  Every successful business has a set of values that serve as a framework for employees to make decisions. Decide based on options consistent with your company's value sets. This helps narrow down the possibilities. Consult an expert -  An "expert" is the appropriate individual with knowledge and domain expertise.  Best Business coach in India  and industry experts make for an excellent option. One should explore both in-person advice and Research. Mind Mapping  - A visual method of organizing concepts and data is mind mapping. A mind map, which is a graph illustrating a major issue branching out to subtopics that elaborate on the central subject—in...