Every year, CEOs and CMOs attend conferences and events across the nation where they’re inspired, empowered and educated as leaders and within their respective industries. These figure heads live out the maxim that leaders are readers.
Typically these insights and learnings are applied to the company as business development strategies or initiatives to open up new markets, or develop new product lines. But as 2016 is the year of authenticity, we think it’s an incredible opportunity that’s being missed all too often for leaders to report the things they’ve learned to their teams on a regular basis.
The Academy Management Journal recently published a study that found that it actually hurts a company when new ideas and information are kept hidden instead of shared within teams. Here’s why it matters.
- Inspire. Sharing new things with your team can inspire them. Not just because it’s new information within their industry, but because enthusiasm is contagious. If you’re excited, they’ll be excited. Even the act alone of sharing something new in a transparent and vulnerable way could be enough to inspire, as your team will see you investing yourself in their professional development.
- Educate. Have you ever heard the phrase, “If you’re not moving, you’re dead?” It applies to education within your industry as much as it does any other active means of survival. As you continue to lead the pack within your industry, you want a team that is educated and knowledgeable on what’s fresh, exciting and new.
- Empower. Knowledge is empowering. In addition to inspiration and education, sharing new learnings with your team gives them a sense of establishment, identity and strength. It’s when your team members feel empowered that they’re better able to innovate, experiment and even fail. If you’re empowered to fail you don’t fear losing your position and standing. You’re able to fail strong and rise even higher when you succeed.
Inspiring, educating and empowering are three of the most important characteristic abilities of a leader. As you continue on into this second quarter and into the summer season, take stock of what qualities you’re known for and what qualities you’d like to be known for as a leader within your company.