🧭 How to Build World-Class Leaders

Good Day, and welcome to The Growth Compass. We are like that first spoonful of soup on a cold, winter day because we provide the warmth and comfort that you need for the rest of the day.

Here’s Where We Are Headed Today:

• Jack Welch on Leadership

• What Being a Multiplier in Leadership Means

• How to Be a Multiplier

• Jon Gordon and the Experts on Leadership

• Free Mental Fitness Links 👇

• Quick Takeaways from Today’s Newsletter (TLDR) 👇

What Being a Multiplier in Leadership Means

What it is: Multiplier Leadership refers to a leadership style that amplifies the intelligence and capabilities of your team members, as opposed to a Diminisher who suppresses them. It's about leaders who use their intelligence to foster a culture of learning and empowerment, allowing everyone to contribute their best.

Why it matters: This approach is crucial because it creates an environment where team members feel valued and are encouraged to grow, leading to increased innovation and productivity. By maximizing the collective brainpower, organizations can solve complex problems more efficiently and adapt to changes more effectively. Five benefits of this leadership style are:

• Enhanced Team Creativity

• Increased Team Engagement

• Improved Problem-Solving

• Accelerated Development

• Higher Performance

What the Science Says:

1. Harvard Business Review Study: A study published in HBR highlighted that teams led by Multipliers were up to 2.3 times more productive than those led by Diminishers.

2. Gallup Research: Gallup's extensive research on leadership and management found that leaders who empower their employees see a significant increase in employee engagement, which correlates strongly with higher profitability and productivity.

How to Be a Leadership Multiplier

Today’s one great thing is an analysis of the book Multipliers by Liz Wiseman and Greg McKeown. It highlights the concepts of great leaders and how they create a multiplier effect within their organization versus a diminisher who suppresses that effect. In their research, they found 5 leadership disciplines that signified great leadership:

1. Be a Talent Magnet - Attract the best talent and optimize that talent. Create a place for growth and success.

2. Be a Liberator - Create space for the best thinking for your team. This means allow open discussions, be humble, and communicate mistakes that you have made in the past.

3. Be a Challenger - Extend stretch challenges and set the direction of the team. This means asking hard questions, giving the team support, and setting stretch goals.

4. Be a Debate Maker - Debate decisions as a team. Create a safe environment where people can brainstorm, take risks, and share their knowledge.

5. Be an Investor - Instill ownership and accountability in the team. This means giving ownership to others, investing in their success, and holding them accountable to their responsibilities.

Not everyone choose to be a diminisher on purpose, but look at your actions to see where you are helping or hurting the team. It is always a journey to find the right balance, but 5 questions to ask yourself are:

• Am I creating energy and sharing positivity?

• Am I setting people up to succeed to grow and learn? How much did people grow last year?

• Am I bringing belief and optimism to the team?

• Am I drawing others in to help or taking on too much myself?

• Am I getting enough input from people? Or do I just shut down ideas and use my own?

Jon Gordon and Other Experts on Confidence

That's a wrap for today. If you want to spread the joy, make sure to refer the newsletter to someone you think would benefit!