Archive for the ‘Management’ Category

What is Leverage?

Wednesday, March 11th, 2009

What is Leverage?

Leverage is explained by webster in 2 ways which is the following

Leverage (noun) 

 as 1 : the action of a lever or the mechanical advantage gained by it 2 : power , effectiveness <trying to gain more political leverage> 3 : the use of credit to enhance one’s speculative capacity

Leverage

Main Entry:
2leverage
Function:
transitive verb
Inflected Form(s):
leveraged; leverag·ing
Date:
1957

1: to provide (as a corporation) or supplement (as money) with leverage ; also : to enhance as if by supplying with financial leverage2: to use for gain : exploit <shamelessly leverage the system to their advantage — Alexander Wolff>

Realistically if you put it all together you combine any numerous amounts of techniques, tactics, to get what you want. Hunh?

Ok let me put another way for you by actually addding a short list of things of which you can leverage but not limited to following list:

True and Real Assets

Time

Money

Contacts

Mailing List

Products  (Ebooks, Audio Ebooks, Videos Either on DVD or Downloadable online, Software)

Services (In Exchange for something else of equal or more value)

Content

Knowledge and Skills

Marketing Ability

Salesmanship

Alright I think that give you some kind of idea of what leverage is and how you can maximize your ability to achieve what you want, if you cannot do something find someone willing to partner with you and leverage each others ability to get things done.

Now choose someone where he fills in your weaknesses and you are able to fill his, that way you both are able to correct each other’s weakness through leverage, this will allow for you both to be a better structured and successful partnership.

If you have a group whereby you all lack the same abilities, find someone to help eliminate that gap of that group and you will see that your group will become so powerful through the art of Leverage.

So many people miss out on the real efforts and strength of what leverage can do for you both personally and business and as well as financially, friendships, etc.

All of it can deliver so much value to you and your goals, missions, plans.

This will be touched upon a little bit later on and should not be thought of as not valuable, because it will show you that you are not really using your head. Why do I say that here?

Think about all of the successful people who has come before us and are currently popping up all over the place, do you think that success just falls into their lap, no it doesn’t and if you believe that they are lucky, yes they maybe but not completely.

They used a variety of connections to the above list and helped them Leverage their past failures and turned them into successful leveraged leaders. Remember no matter who you are and what you do, even if you do not believe me, you are using leverage.

Do you use a alarm clock in the morning, tooth brush and tooth paste, fork to eat your food, keys to lock your door at night, I do believe I have given you a few examples here.

That’s how powerful Leverage is and how it can help you really achieve success.

Start thinking of ways of using the above list to start t achieve your desired lifestyle and take it from me, you will be hearing about how I am applying this strategy to both my personal and business lifestyles as well.

I have always loved this word but never really took that massive action that helps this really come alive for me until last year and now I am taking massive action and will unleash the power of leverage.

All the best,

Julio R. Mattos

Why Coaching is the Way to Go in Team Management

Sunday, November 11th, 2007

Why Coaching is the Way to Go in Team Management
When you hear the word “coach”, what comes first into your mind? Do you picture a basketball team with a man/woman shouting out directions? Or perhaps a football team with a man/woman pacing to and fro and calling out the names of the players?

Coaching is no longer reserved to sports teams; it is now one of the key concepts in leadership and management. Why is coaching popular?
 
Coaching levels the playing field.

Coaching is one of the six emotional leadership styles proposed by Daniel Goleman. Moreover, it is a behavior or role that leaders enforce in the context of situational leadership. As a leadership style, coaching is used when the members of a group or team are competent and motivated, but do not have an idea of the long-term goals of an organization. This involves two levels of coaching: team and individual. Team coaching makes members work together. In a group of individuals, not everyone may have nor share the same level of competence and commitment to a goal. A group may be a mix of highly competent and moderately competent members with varying levels of commitment. These differences can cause friction among the members. The coaching leader helps the members level their expectations. Also, the coaching leader manages differing perspectives so that the common goal succeeds over personal goals and interests. In a big organization, leaders need to align the staffs’ personal values and goals with that of the organization so that long-term directions can be pursued.

Coaching builds up confidence and competence.

Individual coaching is an example of situational leadership at work. It aims to mentor one-on-one building up the confidence of members by affirming good performance during regular feedbacks; and increase competence by helping the member assess his/her strengths and weaknesses towards career planning and professional development. Depending on the individual’s level of competence and commitment, a leader may exercise more coaching behavior for the less-experienced members. Usually, this happens in the case of new staffs. The direct supervisor gives more defined tasks and holds regular feedbacks for the new staff, and gradually lessens the amount of coaching, directing, and supporting roles to favor delegating as competence and confidence increase.

Coaching promotes individual and team excellence.

Excellence is a product of habitual good practice. The regularity of meetings and constructive feedback is important in establishing habits. Members catch the habit of constantly assessing themselves for their strengths and areas for improvement that they themselves perceive what knowledge, skills, and attitudes they need to acquire to attain team goals. In the process, they attain individually excellence as well. An example is in the case of a musical orchestra: each member plays a different instrument. In order to achieve harmony of music from the different instrument, members will polish their part in the piece, aside from practicing as an ensemble. Consequently, they improve individually as an instrument player.

Coaching develops high commitment to common goals.

A coaching leader balances the attainment of immediate targets with long-term goals towards the vision of an organization. As mentioned earlier, with the alignment of personal goals with organizational or team goals, personal interests are kept in check. By constantly communicating the vision through formal and informal conversations, the members are inspired and motivated. Setting short-term team goals aligned with organizational goals; and making an action plan to attain these goals can help sustain the increased motivation and commitment to common goals of the members.

Coaching produces valuable leaders.

Leadership by example is important in coaching. A coaching leader loses credibility when he/she cannot practice what he/she preaches. This means that a coaching leader should be well organized, highly competent is his/her field, communicates openly and encourages feedback, and has a clear idea of the organization’s vision-mission-goals. By vicarious and purposive learning, members catch the same good practices and attitudes from the coaching leader, turning them into coaching leaders themselves. If a member experiences good coaching, he/she is most likely to do the same things when entrusted with formal leadership roles.

Some words of caution though: coaching is just one of the styles of leadership. It can be done in combination with the other five emotional leadership styles depending on the profile of the emerging team. Moreover, coaching as a leadership style requires that you are physically, emotionally, and mentally fit most of the time since it involves two levels of coaching: individual and team. Your members expect you to be the last one to give up or bail out in any situation especially during times of crises. A coaching leader must be conscious that coaching entails investing time on each individual, and on the whole team. Moreover, that the responsibilities are greater since while you are coaching members, you are also developing future coaches as well.

By Mr. Julio Mattos

Getting Up and Taking Action

http://www.mrjulio.com