5 Steps to Winning Through Your Team

David S. Chang
Chairman and CEO, Chang Holding Co.

Photo: Courtesy of David Chang

Illustrations by Thinkstock

Leaders who thrive know the importance of having a strong team. David S. Chang offers these tips to position yourself for success:

1. Surround yourself with people who are smarter than you.

You can’t be an expert at everything, so don’t try. Don’t shy away from hiring somebody who knows more than you in certain areas; this maven could help your company be more strategic or open new markets.

2. Emphasize people development.

Give your employees the resources to grow and deepen their skills and expertise. Invest time and money in training and other education.

3. Trust your team.

Empower employees by delegating challenging responsibilities that help them grow. Avoid micromanaging so you have more time and energy to focus on strategy and vision.

4. Foster a team culture.

Employees need to hear that teamwork is valued and expected within your organization. Take time to make hiring decisions so you can ensure the candidate is the right fit for your team-oriented culture. The cost of replacing ineffective hires can be two-and-a-half times their salary.

Illustrations: Thinkstock

5. Establish team accountability.

Establish an effective rhythm of well-organized meetings to maintain focus and drive accountability with measureable statistics for the team. Successful leaders hold themselves accountable as well.

changholding.com

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