Balance is an essential aspect of our lives. With relationships we balance the pros and cons to determine if that relationship meets our needs. We balance our budget to ensure that we have money for bills and what we want. We try to balance out time between families and professions so that we can have the best of both worlds.
In the business world balance is also essential. As stated yesterday a balance needs to occur within an organization between best for the organization and best for the employees. If the organization is significantly unbalanced toward the bottom line and profit, you will end up with a very high turnover rate as employees feel unappreciated. However, if the balance falls to favor the employees to much, the organization could have to downsize due to lack of profits. This would result in loss of jobs for the employees. A perfect balance needs to occur to be able to ensure employee loyalty and the profit margin adequate.
As leaders and managers inside of an organization we need to promote this balance. Leaders that focus solely on the employees will upset the balance. Managers that focus purely on the organization will upset the balance. However, having an even number of both, or having leaders that possess the skills of management or managers that possess leadership skills will maintain the balance.
Organizations need to have training for both skills, leadership and management. Business needs to promote the balance and lead, mentor and guide every employee to blossom the leadership and managerial skills to grow and develop the organization. The great thing about balancing an organization is a scale will constantly fluctuate and will require continuous rebalancing.
This requires an organization, leaders and employees to have a level of emotional intelligence. Emotional intelligence will be the topic of the next blog. Emotional intelligence is a trait that managers and leaders need to have!
Written by: Bradley Armentrout
Date: 15 September 2019