Management practices are evolving. Check out this provocative article from Inc. and ask yourself if you need to update the way you manage people.
Here’s my list of “old school” practices you ought to chuck, and “new school” practices to champion instead:
1. Out: Micro-management, or the need to control every aspect of your company. In: Empowerment, the ability to give your people some rope–even rope to make mistakes without blame.
2. Out: Management by walking around the office; it is no longer enough to be visible. In: Leadership by watching and listening, engaging in conversation, implementing the ideas presented to you, and distributing the results.
3. Out: Pretending you know everything. You don’t have all the answers, so why try to make people think you do? In: Knowing your leadership team members and trusting them. Choose great people who have the right skills and fit the culture. And get out of the way.
4. Out: No mistakes, or a “no tolerance policy” some still think works. In: Learning from mistakes, or being the first to admit an error.
5. Out: The balance sheet drives the business, and informs all other decisions. In: People drive the business, boosting customer loyalty, and profit.
Check out the rest of the article for the remaining 5 items. I think this is a great list that will make you more effective with your team and also help you relate better to today’s employees.