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Effective leaders create an environment that promotes a culture of accountability, trust, and respect. While many leaders around the world possess their own unique leadership style that serves them well personally, ethical leaders create a culture that is both functional and practical as a whole. The concept of ethics refers to the system of morals that govern a person’s actions. When it comes to business leadership, they are capable of completely altering the company dynamic in a positive way. To become a more ethical leader, practice engaging in the following:
If you are going to build your reputation on a strong set of ethics, you are also going to want to stand behind them. Identify your core principles and morals, then be prepared to communicate them with your team. Just remember to be respectful in your messaging.
Every individual at every company has a diverse set of beliefs, customs, and principles that guide their behaviors and actions. Do not allow your personal ethical values to interfere with the personal values of a team member or employee, but be clear about which standards apply specifically to your business. These should be non-negotiable.
Permit your employees to voice their opinions on the ethical standards of your company in order to identify conflicts of interest and consistently evaluate the need for ethical adjustments. Any boss or dictator can determine what takes place without considering a second opinion. However, a forum where all opinions are welcome can increase productivity and improve your capabilities as an ethical leader.
Stay Away From Bias
Unfortunately, it is not uncommon for a leader to conduct business according to their own agenda. This may seem acceptable if a leader knows that he or she has access to information that his or her team members do not, but it can create biases that drive a wedge between employers and employees.
The problem occurs when a leader’s internalized belief system takes precedence over the best interests of the company, thereby creating an unconscious bias that rears its head during any decision making process. Ethical leaders recognize their own biases and acknowledge their shortcomings. They work diligently to improve upon those flaws in a manner that is consistent with company values.
Hire Those Who Have Similar Beliefs
Let me preface this section by saying that when I refer to beliefs, I am specifically referring to the moral and ethical guidelines of an individual and/or company. This section is not intended to discourage inclusion or diversity.
The reality of business is that successful teams create successful companies, and successful teams often consist of cohesive team members. It is difficult to create this cohesiveness if every employee operates under a conflicting set or ethical guidelines. It is important for the vitality and longevity of your company that you hire individuals with a similar set of ethical principles in order to avoid such conflict. There can certainly be differences in opinion. In fact, they are expected. But hiring with ethics in mind should help you avoid confrontational disasters.
The current political climate has many people wondering what qualifications and personality traits we should require from our world leaders. After numerous studies and observations, experts have formulated a list of the best qualities that a world leader can possess. After reviewing the final list, I realized that nearly all of these qualities benefit not only world leaders, but business leaders as well.
Superb communication skills
As corporate diplomats, leaders need to have the ability to talk to other leaders in a way that conveys the correct message while maintaining a professional demeanor. Conflict is often the direct result of inappropriate communication between two or more individuals. In order to avoid escalation, excellent leaders should possess the ability to speak eloquently and in a way that captures an audience. They should also consider the viewpoint of the other party and structure conversations an communication styles accordingly.
A leader should have a quality education. While politics require world leaders to have a background in political science, economics, or law, business requires leaders to accumulate knowledge relevant to their field. In most cases, a good education begins with degree completion at a reputable institution and is supplemented with vast amounts of experience.
Furthermore, both world leaders and business leaders would do well to be versed in the practices and customs of diverse cultures. When we take the time to understand another culture, we are effectively developing our communication skills while building respect among colleagues, staff, and acquaintances. Respect often leads to more amicable relationships and more beneficial negotiations between parties.
Almost every individual in the world will experience some form of failure in their lifetime and leaders are not exempt. Skilled leaders should be able to accept failure as a lesson and utilize the experience to set a new, more-informed path. Perceiving complications as bumps instead of roadblocks helps keep leaders motivated while building perseverance and determination.
The world (corporate and political) is full of unexpected change. It is important for skilled leaders to anticipate and plan for such change. The best way to go about developing this particular skill is to practice being adaptable. Stop thinking of strategies as absolute, and start thinking of them as one pathway to a final destination.
Being a good leader is difficult regardless of your field. Working with a list of desirable skills and assets in mind is a great way to ensure that you remain in alignment with some of the best practices utilized by successful world leaders.
While America has long been a world business leader, that doesn’t mean that the standard practices of American business management are necessarily the only or even the ideal way to run a company. Different businesses have different demands and understanding how other managers conduct their business can be useful information, even if you choose not to implement their policies. Here are five of the most interesting leadership styles from around the world.
The especially high prevalence of younger workers educated abroad has created a system of business practices that are more individualistic and often anti-authoritarian in Latvia. This creates a non-hierarchical system with few top-down leaders but plenty of individualized managers who each focus on their own disciplines.
The Amicable Hierarchy of Norway
While Norway may resemble American business on the surface with its tiered levels of management, managers and bosses tend to be not as segregated and isolated from the rest of the workforce as they are in the United States. Business runs on the assumption that managers were assigned their positions for a particular reason, and their opinions are usually treated with seriousness further up the chain of command. Staff, similarly, will generally have free and open access even to the highest ranking executives in the company.
Germans are well known for running a tight ship, and that’s largely reflected in their corporate and leadership culture. If anything, the hierarchy apparent in German companies is even tighter and stricter than in America. Every single link in the chain serves a purpose, and information flows upward in an orderly manner. While this level of rigidity may be restrictive to more free thinking workers, German companies still tend to put a high emphasis on collective opinions, which is sometimes better facilitated by the orderly game of telephone that takes place.
In stark counterpoint to the egalitarian nature of Nordic leadership, the boss is the king of the castle in many French businesses. While this means that they can often overlook the opinions of their managers and circumvent concerns of specialists, the rigidity of this structure ensures that many French leaders are uniformly well-informed about a wide range of issues within their business.
Swedish businesses are run on the premise that an open and honest discussion yields the best results, so decision making tends to be decentralized from the leader and focused on intense and meandering conversations that pull in members throughout the company. There’s no tight chain of command cordoning off information, but the genial and inclusive approach to decision making means that conclusions are reached more slowly.
About Jason William Kumpf
Jason William Kumpf has worked in international business for over a decade. With involvement in global real estate sectors, the expat sector, ecommerce, and finance, it is safe to say that Jason William Kumpf is a well-rounded businessman. By having a hand in multiple sectors of various international and national markets, Jason has built an incredible network of global professionals that include recognizable Fortune 500 companies as well as young, burgeoning startups.
Jason William Kumpf is Co-Chairman for an international California Trade and Business Networked called Cal Trade. To expand his reach, he also serves on the Young Members Board for FIABCI International Real Estate Foundation, a French entity with active chapters in 48 different countries. In addition to these positions, Kumpf is the Director of Alliance Partnerships at USForex Inc which works toward creating better exchange rates for several international ecommerce markets. Similarly, Jason William Kumpf is the Director of Partnerships at OFX, also in the international currency exchange rate industry, working towards the acquiring the best exchange rates available for his international clients.
In addition to Jason’s work internationally in the foreign exchange markets, he has also taken a great interest in tech startups. He has a passion for taking an outside look at complex issues and creating tangible solutions to better the overall structure of a new company. Because of his extensive training in a wide range of industries, and because of his energetic and positive spirit, Jason William Kumpf is able to not only craft great business strategy but motivate his teams as well.
Having spent nearly 20 years studying abroad and working internationally, Jason William Kumpf has seen many sides of business, negotiating, and leadership. For this reason, he feels it is incredibly important that he pass on the information he’s gained over the years to those looking to grow within the international exchange rate markets. Having a strong leadership style is valuable, but having the ability to adapt that leadership style to meet the needs of any market you’re working in is a priceless skill that will take anyone with the right drive far in life. Jason William Kumpf hopes to inspire some of this leadership in a new generation of young and talented industry members.
As Jason William Kumpf enters the next stage of his career, he looks towards opening new doors for leadership training and business strategy opportunities. If you’re a young tech startup or just looking for some leadership style advice, Jason William Kumpf’s new blog will act as a great resource. Without sharing what works, progress cannot be made, and Jason William Kumpf is dedicated to not only continuing a successful career for himself, but to see this reality happen for others.
For updates on Jason William Kumpf, be sure to check back often as new blog content will be added regularly.