September 20, 2022

Self-awareness: A Critical Trait for Successful Leaders

Why self-awareness is important for your business success and helpful resources for feedback

“Self-awareness” is a critical trait for successful leaders.  A study conducted by Green Peak Partners and Cornell’s School of Industrial and Labor Relations examined 72 executives at public and private companies with revenues from $50 million to $5 billion.  

The (very summarised!) findings:

“Leadership searches give short shrift to ‘self-awareness,’ which should actually be a top criterion.  Interestingly, a high self-awareness score was the strongest predictor of overall success.  This is not altogether surprising as executives who are aware of their weaknesses are often better able to hire subordinates who perform well in categories in which the leader lacks acumen.  These leaders are also more able to entertain the idea that someone on their team may have an idea that is even better than their own.”

Commitment

Conduct a brief 360 review to give you some very quick feedback of where your strengths and weaknesses lie.  Take the feedback constructively, don’t get defensive.  It’s simply another view on your leadership.  

What does “excellent service” in your organization look like. We all want to be great at everything but will achieve better results if we focus our staff on two or three core values as the highest of priorities.

What three words would you pick from the below list?

  • Fast
  • Efficient
  • Experts
  • Friendly
  • Cost effective
  • Reliable
  • Fun
  • Stable
  • Exclusive
  • Value for money
  • Clean
  • Consistent
  • Committed
  • The Best
  • Quality focused
  • Old fashioned
  • Creative
  • Loyal
  • Innovative
  • Experienced
  • Customer centric
  • Professional
  • Educational
  • Flexible

Now do a mini test and get your staff to pick three. Are you aligned?

Rate yourself :

What direct or indirect messages you are sending your staff through the following processes?

  • Interviewing new staff
  • Inducting new staff
  • On job training
  • At staff meetings
  • During performance reviews
  • Operational systems
  • In your daily staff interactions
  • Reward and recognition
  • Staff social gatherings
  • Promotions
  • Staff room/amenities
  • Sharing of information
  • Business goal achievement

At your next tool box meeting, workshop with the staff your business values.  If you have clearly defined values list them out and ask the staff to do a quick SWOT on how well you are ‘walking the walk, talking the talk’ in regards to values.

The idea is to obtain buy in from your staff in regards to your values and get your staff to start thinking about their actions and responses to colleagues.

What are our strengths?(we demonstrate we are innovative, specialist and work as a team....)

What are our weaknesses? (we need to improve in the following areas......)

What are our opportunities? (we have an opportunity to do better by....)

What are our threats? (we could fall down with our company values if......)

Download our self awareness review template here!

What are my main strengths? 

 

1.__________________________________________________________________________________________ 

  

2.__________________________________________________________________________________________ 

  

3.  __________________________________________________________________________________________ 

  

 

What are my development areas?  

 1.__________________________________________________________________________________________ 

  

2.__________________________________________________________________________________________ 

  

3.  __________________________________________________________________________________________ 

 

Need help conducting performance reviews? Reach out today! Contact (07) 4051 737 or send us an email at hello@hrdynamics.com.au

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