Question

1.   "The first opinion which one forms of a prince, and of his capability, is by observing the people he has around him." Explain if you agree or not about this chapter’s and book’s suggestions on what the leader must do in order to retain competent partners. Yet, explain why it is important to not just focus on a single leader but also in his/her whole team, and why a business leader must be wise to identify and retain competent partners. (300 words for the answer) ¬   Answer:

Answer 1

Yes, we agree with the opinion. Mostly people make opinion about the leader from the people selected by him to be a part of his business.

A leader must do the following in order to retain competent partners -

(1) Make your offer magnetic

Leaders know the term “employee value proposition,” : what employees get for what they give. “Gives” come in many flavors—time, effort, experience, ideas. “Gets” include tangible rewards, the experience of working in a company, the way its leadership helps employees, and the substance of the work. If your EVP is truly stronger than the competition’s, you will attract and retain the best talent.

(2) Make expectations and goals of the company clear.

One have job descriptions so your employees know what is required of them. If there are changes that need to be made, don’t expect them to learn that by osmosis. You must communicate directly and clearly. Good employees want to please you, but they need to know what it is they need to do to make that happen.

(3) Makes them feel like an asset to your company.

Don’t make them feel like overhead. Allow them to feel secure in their job. Let them know what their contributions are to the company.  Get their input about rules or changes that may need to be made. Encourage goal-setting and let them make their own choices as often as possible.

Importance of focusing on whole team rather single leader

(1)Team work is essential in corporates for better output and a better bonding among employees.

(2) No organization runs for charity.

(3) Tasks are accomplished at a faster pace when it is done by a team rather than an individual.

(4) Work never suffers or takes a backseat in a team.

(5) There is always a healthy competition among the team members

Why a Business Leader must be wise to retain competent partners

(1) Superior talent is up to eight times more productive

(2) The relationship of quality of talent and business performance is dramatic

(3) It is necessary to Focus on the less percent (Competent persons) who deliver maximum percent of the value.It is a key to a successful business.