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FORBES – David Novak, CEO of Yum! Brands, emphasizes continuous learning as essential for leadership. He advocates uncovering truth through data, embracing diverse perspectives, and learning from failures. Novak stresses asking insightful questions and fostering trust to create a culture of innovation and personal growth.
By Rodger Dean Duncan | JUL 2, 2024
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1. Balance Autonomy and Support: Give clear instructions and regular check-ins to guide your team without micromanaging. Example: Instead of dictating every step or leaving them completely alone, provide project details and schedule brief check-ins to ensure progress and address roadblocks.
2. Focus on Team Needs, Not Perceptions: Lead with a purpose to help your team grow, rather than worrying about how you’re seen. Example: If worried about appearing too controlling or too lenient, ask what your team truly needs—resources, guidance, or autonomy—and act accordingly.
By Carole-Ann Penney | AUG 2, 2024
Read the original article at HBR
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1. Break Patterns to Create Unique Choices Instead of competing directly, successful companies redefine the market. For example, Airbnb turned the predictable hotel experience into a unique, local stay. This forces consumers to choose instead of compare, creating a new market segment.
2. Build a Movement Beyond Business: Successful startups often resemble social movements, appealing to a minority passionate about change. For instance, Airbnb’s vision went beyond accommodations, aiming to transform how people experience travel, thereby creating a dedicated user base.
By SHERIN SHIBU | JUL 19, 2024
Read the original article at ENTREPRENEUR
ENTREPRENEUR – Darian Shimy, Founder and CEO of FutureFund, discusses the significance of delegating properly to ensure team growth. A story from Darian’s experience at Square illustrates how lack of proper delegation led to misunderstandings and inefficiencies. Empowering team members with the right knowledge and information is crucial for effective decision-making. Darian also introduced a three-level framework for effective delegation, emphasizing trust in the expertise of team members.
By DARIAN SHIMY | JUL 2, 2024
Read the original article at ENTREPRENEUR