What’s Your Leadership ROI?

Leaders need to do a better job of how they invest their time and energy. You can’t get a return on those investments if you’re not mindful of where you’re investing and the results you’re getting from those investments (your leadership ROI).

You make investments every day, likely without realizing it. You’re investing time and energy in the members of your team. The often-unanswered (or even unasked) question is what is the return you’re getting on that investment?

Allow me to introduce the concept of “leadership capital” which is one of the core concepts in my book Lead Inside the Box which I co-authored with Victor Prince. I was fortunate to have the opportunity to discuss the topic of leadership ROI Chris Taylor on Actionable Books’ podcast The 21st Century Workplace. During our conversation, we covered “how smart leaders guide their teams to exceptional results”. During our chat we dive into many areas, including:

– What it was like co-authoring a book virtually with someone I hadn’t met in person

– Triaging where you invest your time as a leader

– The Leadership Matrix performance approach (and how we can best use it to drive performance)

– How much time should leaders allow between performance reviews?

– Defining Leadership Capital

– Why if something you say during a performance review surprises your direct report, you’ve failed as a leader

At first blush some of the ideas discussed in this conversation may sound a little counter-intuitive, but I’m certain they will help you better invest your time as a leader.

Listen to the podcast here:

The process I share on the podcast is the basis for our book, Lead Inside the Box: How Smart Leaders Guide Their Teams to Exceptional Results. I also teach these methods in our Leading Inside the Box course. I hope you’ll grab a copy of the book and apply the methods therein. I’d be delighted to speak with you about the course too and see if it’s a fit for you and your team. Just contact me and we can discuss that possibility.

I hope you enjoyed my conversation with Chris. I certainly enjoyed speaking with him. I encourage you to give the tools we discussed a try and see how it impacts how well you invest your leadership capital and get the ROI on it that you deserve.

– Mike Figliuolo at thoughtLEADERS, LLC

Chris Taylor is the host of The 21st Century Workplace podcast. I encourage you to subscribe to the podcast here.

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Photo: Adding to Piggy Bank by OTA Photos