Three Pillars Every Leader Gets Wrong #Business #Management

I think that there are 3 really important components to any business's success or failure. One is to define a purpose that everyone can believe in. The second part is to have a strategy that everyone can commit to that relates to that purpose. And the third one is developing your people. And you can't out-strategy a lack of purpose and you can't execute any of the above without great people. Where I think most companies fall short and why I think that there is a tremendous amount of disengagement is that that middle management layer, which is so critical, is not fostered. It's not grown. And in fact, 60%, according to Gartner, 60% of new managers fail within 2 years because of insufficient training or lack of leadership skills or inability to delegate or, you know, poor emotional intelligence. You You name it, right? There's a laundry list. But that layer is so critical because there's the old saying, people don't leave companies, they leave their managers. And if you're not going to invest in that middle layer, that's going to help connect the dots between what the boardroom says is our purpose, our vision, our mission, and what our people are doing every day to understand how they fit into that. And you're not going to build that layer to help grow those people day after day, then you're going to lose them.