Why Some Finance Managers Aren’t Good Leaders

We’ve all had them – poor leaders.

But what makes them ineffective?

With bad managers impacting an organization’s ability to retain staff and achieve outcomes, here are some of the main traits that can make employees consider trying their luck elsewhere.

Not Invested
Good finance leaders understand that quality staff require an investment of time and energy. Ineffective managers, however, don’t typically mentor, help staff evolve or encourage top talent to advance.

Poor Communication
The best managers communicate collaboratively, with an open door policy and a willingness to answer questions. Poor leaders have subpar communication skills and the result is a team who doesn’t understand its role in achieving the company’s vision.

Lack of Accountability
Capable leaders understand the need for personal accountability. Finance Managers who don’t step up and take ownership of decisions limit team buy-in – a recipe for disaster.

Not Modeling Traits
Bad managers don’t model the traits they want to see in their team. Great managers, on the other hand, walk the talk, demonstrate integrity and inspire their team to produce their best work.

Micromanagement
Nothing can limit creativity and problem solving faster than micromanagement. Whether it’s a fear of losing control or being shown up, a leader who micromanages can engender a culture of stagnation, not progression.

With so much of a team’s morale and production tied to management, it’s imperative to offer management training and support to develop your future leaders. Doing so helps an organization to retain quality staff and meet its bottom line.

Do you have an example of poor management directly effecting your ability to deliver in your job? Share your comment below!

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