|Leadership (Photo: glennharper)|
About Michael Yardney: Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy.
He has been voted Australia's leading property investment adviser and his opinions are regularly featured on radio as well as in major newspapers and magazines throughout Australia. Visit Metropole.com.au
Want to lead others? Psyblog recently carried a great blog summarizing the factors that psychologists consistently find make a good leader.
Here’s what they said:
- Decisiveness: good leaders make frequent decisions and stick with them. When there is uncertainty (and when isn’t there?) good leaders choose and take responsibility.
- Competence: leaders should provide resources for their group. The headman in prehistoric times was often the best hunter in the group. Nowadays being competent often means having the knack of influencing others.
- Integrity: leaders you can trust increase followers’ performance, satisfaction and commitment. Integrity breeds respect.
- Vision: projecting a vision of the road ahead is vital, this gives people a common purpose and motivation to persevere. Without a vision, the followers are lost.
These four factors were confirmed in a study of Fortune 1000 companies that had been turned around by their CEOs (Collins, 2001). That research also found two further factors that lifted leaders from ‘good to great’:
- Modesty: the most effective leaders weren’t grand-standing show-offs; they were incredibly modest and humble.
- Persistence: the leaders who transformed their organisations the most never gave up. That doesn’t mean they were inflexible, but that they never stopped pushing towards their goals.