Leading and Developing Successful Teams
I have been fortunate to have had a distinguished career with a very reputed professional services firm and also a second love in my life, which is sports. Both these have one thing in common – Leading and Developing Successful Teams
Being a cricketer myself and an ardent cricket fan, let me take an example of a couple of great leaders who developed very successful teams. In 15 years of the IPL, 2 teams have together won the trophy 10 times – CSK and Mumbai Indians. Two great leaders – MS Dhoni and Rohit Sharma.? How were they different??
They were excellent cricketers – role models whom the team members would look up to. Both these men had a clear and measurable goal – to win the IPL. They created ‘Trust’ in the team and gave team members discretion to perform once a plan was agreed upon. They created an atmosphere of ‘Engagement’ within the team. Did these 2 teams have the best 15 players playing IPL – Clearly No. Were they the 2 best teams – By a long way.
What are the lessons learnt? A good leader should be very good in his trait – he ‘deserves’ to lead. The importance of Planning has generally been underestimated. An important differentiator of Successful teams is the importance given to meticulous planning.? Goals are set and the Results are defined. It is easier to set Goals but defining measurable and objective Results
An integral part of leading teams is to Develop the team members too. In sports, good coaches are known for the teams they developed – Sir Alex Fergusson is regarded as one of the finest coaches in the history of football and his team Manchester United won more trophies than any other football club. What did he do different? He developed a great team.?
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How do you develop teams – Easier said than done. Lots of answers but let me keep it simple and talk of 2 specific things. – Building Trust and Engagement. Let us talk about Trust. It is important to know your team well. This helps to build Trust and also identify their strengths and weaknesses. Every individual has a unique strength or quality and understanding this and leveraging this is a hallmark of successful teams. Recognizing excellence
People at high-trust companies report:?74% less stress,?106% more energy at work,?50% higher productivity,?13% fewer sick days,?76% more engagement,?29% more satisfaction with their lives,?40% less burnout.?
Lastly, Engagement with teams is very important. Good leaders recognize that it is not possible to develop and lead successful teams by sitting in their glass cabin. High engagement—defined largely as having a strong connection with one’s work and colleagues, feeling like a real contributor, and enjoying ample chances to learn—consistently leads to positive outcomes for both individuals and organizations. The rewards include higher productivity, better-quality products, and increased profitability.?
Empathy is important. Knowing more about the personal life of team members helps. Knowing without interfering. It is common to receive invitations for personal events of team members – say their engagement or marriage or achieving a milestone. I realized that treating these events as priority and attending them made so much of a difference even when it came to working together in office.
To summarize some of the ingredients of Leading and Developing Successful Teams – Be a deserving leader, Prioritize Planning, Build Trust, Recognize Excellence, give people discretion to do things their way, engage with teams and empathize.
Strategic Growth & M&A | Expert in Managing Projects for Financial Excellence
9 个月Wow, what an insightful post, Amit Sir! Your reflections on leadership and team development are truly inspiring. It's evident that your wealth of experience and passion for both professional services and sports have shaped your understanding of what it takes to lead and develop successful teams. Your emphasis on trust, engagement, and recognizing excellence resonates deeply. Wishing you all the success in your new venture in learning and development! Your expertise will undoubtedly make a significant impact in shaping future leaders.
Head Passive Investments & Products. Previously: CEO & CIO - DSP BlackRock Pension Fund Managers
9 个月Great advice! Thank you Amit Majmudar ?? ~ it had been great working with you in early days of my career - lots of learnings ??
Accountant and Tax expert | Crypto Tax Specialist | Board Member | Co-founder of The Kapuhala Longevity Retreats
9 个月Your strategy for building productive teams and directing them is excellent! ?? Important pillars include; > establishing trust, >praising excellence, and >exhibiting empathy. ? How can you make sure that everyone on your team feels appreciated and acknowledged for their contributions Amit Majmudar ?
Risk and Control| Audit & Assurance|BIG4|GroupM|Ex Ebiquity ( FirmDecisions )| Ex-BSR & Affiliates (KPMG)| Ex- SR Batliboi & Associates(EY) | Ex- Dalal and Shah(PwC) -Views are Personal
9 个月Very well articulated leadership trait. Fortunate to have worked under your leadership. Point 3-5 is very crucial and has greater weight.
Director(Reinsurance),Bharat Re Insurance Brokers Pvt.Ltd.
9 个月Hi Amit, brilliant article.congrats.