09 February 2012—
In today’s volatile economy, many executives have lost focus on one fundamental
business skill: effective leadership. When was the last time you thought about
whether you are leading your company and employees effectively? Has your
leadership suffered during today’s tough times? Will your current leadership (or
lack thereof) adversely impact your company when the economy gets better? Is
anyone really following you?
But should leadership really be a priority when so many are struggling to keep
their companies out of the red? After all, today’s economy has left everyone—ranging
from the c-level team to support staff—scrambling just to get by. The answer is yes—
leadership should remain a priority whether times are good or bad.
Despite the variety of tasks that go into building a strong company, nothing is
possible without people. Your employees move your company forward; their
productivity and performance are key to your company’s short- and long-term
success. But to be productive and effective employees, they need a productive and
effective leader.
Most business owners understand leadership fundamentals—that your employees
count on you to guide their work and to ultimately build a stronger company. And the
fact of the matter is that most people want to be led. They want to know what they are
doing right, what they are doing wrong and how they can contribute to the company’s
overall success.
Though it may not be easy to admit, you likely know if you’re not an effective
leader. So how can you become one? In this issue of Utah Business, Assistant Editor
Candace Little goes beyond describing why strong leadership is vital to a company’s
continued success to what today’s executives can and should do to enhance their
leadership skills. Her article, “Get Back on the Rock,” takes an in-depth look at how
execs can get out of their leadership rut and build a better team and company. Little’s
article, found on page 34, takes leadership out of the office and focuses on building
you, the leader, first.
Though Utah’s unemployment rate remains at an unprecedented 7.2 percent,
there are signs that the economy is slowly improving. And studies indicate that
more than half of all employees plan to leave their current position once the
economy rebounds, many citing poor leadership as the primary motive for their
desire to jump ship.
If you’ve been neglecting your leadership skills, it’s time to get to work. After all,
how can you expect your employees to remain committed to you and your company
if that commitment isn’t reciprocated? It’s time to turn around and see if you really are
being followed—and to do something about it if you’re not.
From the Editor,
Sarah Ryther Francom