Leadership Adaptability and Efficacy: Dr. Pat emphasizes the importance of adaptability for leaders, highlighting awareness, diligence, accommodation, proficiency, and transience as key elements He introduces the Leader Efficacy Model, a quadrant-based approach to mentoring and growing leaders within a business.
Enjoy the final section of Dr. Pat's presentation at the Black BRAND Summit, focusing on leadership and business acumen. He emphasizes the importance of adaptability, awareness, diligence, proficiency, and being transient for leaders. Dr. Pat introduces his Leader Efficacy Model, which categorizes individuals into potentials, promoters, producers, and performers, providing guidance on how to nurture and deploy talent within an organization. He further addresses cultivating essential leadership qualities like accountability and advocates for training to empower teams. Dr. Pat underscores the importance of knowing both your own and your employees' strengths and weaknesses, as well as the need to cultivate core values in a company through training and by leading by example. The presentation concludes with a question-and-answer session that explores strategies for developing leaders, properly placing employees, and addressing underperformance.
Key aspects of Dr. Pat's leadership insights include:
Adaptability: Every leader needs to adapt by being aware, diligent, and accommodating.
Awareness: Leaders should know their brand's position in the marketplace, similar to how stockbrokers monitor market happenings.
Diligence: Diligence drives passion and enables leaders to excel, requiring accommodation for circumstances and individual strengths and shortcomings.
Leader Efficacy Model: This model involves four quadrants: potentials (identify, design a path, and develop), promoters (retain and restore), producers (engage and empower), and performers (develop, direct, and deploy).... Leaders should aim to have these four types of people on their team to scale their business.
Accountability: Dr. Pat stresses that leaders must be accountable to themselves and their teams, taking responsibility for their actions to enhance credibility4.
Individual Leadership Development Plan: Every leader needs a plan to attain their vision alongside an accountability partner. Great leaders understand their weaknesses, empowering strengths and delegating challenges.
The 10/80/10 Modification of the Pareto Principle: The top 10% are the performers making things happen, the 80% are just there riding the wave, and the bottom 10% are not working out. Give the bottom 10% a mutually agreed upon time with a training process to attain specific milestones and goals.
Hiring and Placement: Use assessments like DiSC to align individuals with appropriate roles based on their strengths. If someone is not performing, consider if they are in the proper position and provide training to help them excel.
Leading by Example: A leader's core values and how he leads himself will determine how the organization is led.
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