Every year,
Americans celebrate Presidents Day as a day of remembrance — a day to look back
and learn from our nation’s leaders. In today’s competitive market, business
leaders are looking for the edge that will put their organization and workforce
ahead of the curve.
This Presidents
Day, Monday, February 17th, I think it would make sense to look at the
leadership qualities by one of the greatest political comebacks in history
Donald Trump. Whether you love him or loathe him, there’s no denying that President
Trump has valuable lessons to offer business leaders.
Prioritizing Downtime
Trump is
famously fond of golf. If a man with such a demanding role on the world stage
can carve out time for leisure, why can’t you?
Many small
business owners believe they can’t afford to take time off, convinced that
everything will fall apart in their absence. As a result, many haven’t had a
real holiday in years.
But, if you’re
a business owner, there’s a lesson here: prioritize time for yourself and your
family. You’ll return refreshed, and your organization will benefit from it.
Effective
Delegation
A key element
of effective leadership involves delegation of responsibilities to followers.
This serves to free up the leader to work on important projects, but it also
helps develop the followers’ own leadership capacity. A truly good leader
develops followers by giving them increased responsibilities and supporting
their efforts. This is a cornerstone of transformational leadership.
Many business
leaders struggle with delegation due to various factors, including fear of
losing control, a desire for perfection, lack of trust in their team, and a
fear of losing significance or influence. This fear of failure can lead leaders
to try to control every aspect of a business, which can be overwhelming and
lead to burnout.
Management
By Exception
President Trump
uses more of the “sink or swim” type of leadership, what is referred to as
“management-by-exception.” This type of leader allows followers to take on
responsibilities, but only intervenes to correct poor performance. In fact,
Trump seems to allow subordinates a lot of leeway, but if they step out of
line, or disagree with him, “You’re fired!”
Throughout his
time in office, Trump became known for his willingness to swiftly fire
underperforming staff. His administration saw a higher turnover rate than any
in recent history.
Most business
owners, by contrast, are slow to let go of employees who aren’t a good fit,
particularly in times of low unemployment. The mindset of “a warm body is
better than nobody” often prevails.
Trump, however,
understands that if an employee’s values or behavior don’t align with the
organization, it’s best to part ways. While your values may differ from
Trump’s, there’s merit in his approach: firing someone from a role that isn’t
working can be mutually beneficial.
If you have
employees who aren’t meeting expectations despite your best efforts to support
them, helping them transition to a new career path might be the kindest and
smartest move.
Playing to Win
Complacency is
a common pitfall in small businesses. Leaders often get bogged down in
day-to-day operations, too exhausted to focus on long-term goals.
Trump, by
contrast, has always played to win. While his tactics and ‘win-at-all-costs’
attitude may be contentious, his focus on success is undeniable.
The lesson here
is not about emulating his methods but rather his mindset. Business owners who
clearly define their goals and commit to achieving them are more likely to
succeed. Unfortunately, many have only vague ideas of what success looks like
and lack a concrete plan to measure it.
There are
plenty of debates surrounding Trump’s leadership, and most people have formed
strong opinions about him.
However, as
leaders, it’s crucial to remain open to ideas from various perspectives – even
those we may disagree with – and apply the lessons that make sense for our own
organizations.