Top Mistakes Today's Executives Make in Leading Their Organizations

In today's uncertain economy, many organizations have been making some drastic changes to stay competitive and productive. This means that CEOs and other executives must hone their leadership skills to make the most of what they have and inspire their teams to new heights of achievement.

But not all executives have leadership down to a science, according to the experts at leading career services company Lee Hecht Harrison. Leaders might be armed with plenty of technical skills and experience, but may still be making critical mistakes in managing their teams that can negatively impact their organization's bottom line.

"An employee-centered culture ensures a customer-focused culture," says Susan Howington, senior vice president and managing director of Lee Hecht Harrison's southern California offices. "One common leadership mistake is a lack of team-building skills. If, as a leader, one of my primary concerns is not the welfare of my team, then I'll never know just how successful we can be. Positive regard for your people leads to the best customer service, the highest level of contribution by each team member and the highest profits."

Here are four other common executive leadership mistakes from the experts at Lee Hecht Harrison:

  • Failure to make decisions or delaying the process and losing a competitive advantage. Perhaps being too afraid of making a mistake is a mistake! Most executives make good decisions when they actually make them, but many are fearful of taking any risk and lose important opportunities.
  • Lack of people skills. Your employees are your most valuable asset and give an organization its competitive edge. The ability to listen, be consistent and evoke trust is crucial in managing a team and creates an atmosphere of commitment and pride.
  • Not investing in your people. While most executives see the return on investment in maintaining and improving equipment for their company,the investment in one's employees through providing career development and coaching opportunities pays off even faster.
  • Wasting time on the insignificant. Use your employee resources and trust your key people with decision-making responsibilities. Giving more autonomy to responsible employees will free you up from putting out fires that can be handled by others.

You may like these other stories...

From May 20-23, the Association for Accounting Marketing (AAM) held its annual conference. Frequent contributor Sally Glick picked up some ideas that she will be sharing with us in the coming days, as she has done in...
Success, for a practitioner in a busy CPA firm, requires the ability to handle multiple tasks effectively. To get everything done, CPAs typically track their agenda with a "to do" list or other open-item systems to...
Everyone loses clients. You've seen the statistics. Clients and heirs often change accountants, attorneys, and advisors after a death or divorce. That's understandable. What about ongoing relationships when the...

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.