{"id":1781,"date":"2022-02-22T20:39:10","date_gmt":"2022-02-23T03:39:10","guid":{"rendered":"http:\/\/leadershipchoice.com\/?p=1781"},"modified":"2022-02-22T20:39:10","modified_gmt":"2022-02-23T03:39:10","slug":"increase-profitability-with-one-change","status":"publish","type":"post","link":"https:\/\/dev.taylorsolutionsinc.com\/lc\/increase-profitability-with-one-change\/","title":{"rendered":"This One Change Could Increase Your Company’s Profitability by 48%"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” admin_label=”Section” _builder_version=”3.22″ transparent_background=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”off” custom_width_px=”1080px” custom_width_percent=”80%” global_colors_info=”{}”][et_pb_fullwidth_slider show_arrows=”off” show_pagination=”off” admin_label=”Fullwidth Slider” _builder_version=”3.16″ parallax=”on” custom_padding=”|||” custom_padding_tablet=”|||” custom_padding_phone=”|||” box_shadow_style=”preset6″ box_shadow_blur=”10px” box_shadow_color=”rgba(0,0,0,0.1)” remove_inner_shadow=”off” hide_content_on_mobile=”off” hide_cta_on_mobile=”off” show_inner_shadow=”on” button_letter_spacing_hover=”0″ global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”on” button_letter_spacing__hover=”0″ button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off”][et_pb_slide heading=”This One Change Could Increase Your Company’s Profitability By 48%” use_bg_overlay=”on” bg_overlay_color=”rgba(0,0,0,0.23)” use_text_overlay=”off” _builder_version=”3.16″ header_font=”||||” body_font=”||||” background_color=”#ffffff” background_image=”https:\/\/dev.taylorsolutionsinc.com\/lc\/wp-content\/uploads\/2017\/01\/Leadership-change-to-increase-revenue.jpeg” button_icon_placement=”right” button_on_hover=”on” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”off” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”off” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”off” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”off” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off” sticky_transition=”on”]by Patrick\u00a0Bosworth
\n[\/et_pb_slide][\/et_pb_fullwidth_slider][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ custom_padding=”||-40px|” transparent_background=”off” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” custom_width_px=”1080px” custom_width_percent=”80%” global_colors_info=”{}”][et_pb_row admin_label=”Row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” make_fullwidth=”off” use_custom_width=”off” width_unit=”off” custom_width_px=”1080px” custom_width_percent=”80%” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Social Media Share” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_style=”solid” global_colors_info=”{}”] [feather_share] [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”3_4,1_4″ admin_label=”Row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”26.03125px|0px|0px|0px” make_fullwidth=”off” use_custom_width=”off” width_unit=”off” custom_width_px=”1080px” custom_width_percent=”80%” global_colors_info=”{}”][et_pb_column type=”3_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Blurb” _builder_version=”4.14.8″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” use_border_color=”off” border_style=”solid” global_colors_info=”{}”]<\/p>\n

Improving Leadership Development<\/h1>\n

Whether your 2022 business goals include increasing your revenue or sales and making your team more efficient, or delegating more responsibilities and opening up more time to grow your company, chances are your organization will be better equipped to achieve those goals with one crucial improvement: designing a more effective leadership strategy.<\/span><\/p>\n

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Companies that prioritize developing their leaders<\/a> can see up to a 48% increase in profitability, 22% increase in productivity, and 17% increase in client engagement, and it’s no mystery why. Better leaders are more engaged and more effective and lead teams of more engaged and more effective employees.<\/p>\n

But what exactly makes a better leader and how can you empower your leaders to perform at those high levels of performance?<\/p>\n

Leaders Are Made\u2014Not Born\u2014And That Means You Have A Huge Advantage<\/h3>\n

Take the following into consideration:<\/p>\n

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  1. According to a recent study by Gallup, only 10% of people have the natural talent to lead<\/strong> at a high level of performance.<\/li>\n<\/ol>\n
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    1. 87% of the time<\/strong> the people in leadership positions don\u2019t have these high levels of natural leadership talent.<\/strong><\/li>\n<\/ol>\n
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      1. Research conducted by our leadership experts through decades of experience shows that high-performing leaders have 5 key leadership traits in common\u2014all of which can be learned.<\/strong><\/li>\n<\/ol>\n
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        1. The first 90 days of a manager or senior leader\u2019s tenure define how he or she will perform as a leader; however even mid-career every leader, regardless of experience level, can improve his or her leadership capabilities<\/strong> with ongoing leadership training and coaching.<\/li>\n<\/ol>\n

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          1. 98% of leaders say they wish they had more opportunities to participate in leadership development programs.<\/strong><\/li>\n<\/ol>\n
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            1. When a leadership team transforms to attain these high levels of leadership skills, companies can see improvements such as over 40% increase in revenue, over 20% increase in efficiency, <\/strong>and more.<\/li>\n<\/ol>\n

              What Do All These Facts And Figures Mean?<\/h3>\n

              The bottom line is if you don\u2019t currently have a strategy for developing your leaders, then you have an outstanding opportunity to achieve measurable results in key areas of company performance.
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              4 Steps To A Successful Leadership Development Strategy<\/strong><\/h2>\n

               <\/p>\n

              Step 1: Determine The Leadership Qualities Your Company Needs<\/h3>\n

              The first step of harnessing the power of your leaders to achieve company goals is to get a better idea of what leadership qualities your leaders need to have to help you achieve your company goals.<\/p>\n

              The best way to define these traits is to consider your long-term business goals. You probably already know which steps need to be taken to achieve these goals. What skills do your leaders need to have or be stronger in to help you acheve each step.<\/p>\n

               
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              Stay in Touch<\/h3>\n

              Receive monthly\u00a0insights & articles from our leadership development experts.
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