The first on a series of group sessions introducing the top Leadership Principles took place this past Friday in RTP. We had participants who filled the roles of both employee and managers in the room in addition to business owners and 1 college student.
The feedback from the participants was fantastic as we ran over our allotted time in the room and the discussion flowed into the hallway for the next 45 minutes. It became obvious to me as a presenter, during the course of our presentation, that the connection between leadership and profit growth was not as obvious as one might assume.
If the Leadership of a company or organization is not strong and have the principles in place that guide how to run an effective business, long-term success, growth, and profitability are not possible. It is possible to catch lightning in a bottle with the right product at the right time but that is called a fad and will not have the long-term shelf life to maintain a long term existence.
If you own a small business or manage a team within a medium sized business and are committed to the long-term success of your group and company, this series of discussions will be an eye opener for you. Knowing that only 1 in 5 employees is fully engaged with work and the average turnover rate in the US is 23%, business leaders should embrace these principles and look to put these business strategies in place in order to build companies and business that last and stand up to the test of time.