by Brianna Crandall — March 12, 2014—In the words of American business icon Jack Welch, “When you were made a leader you weren’t given a crown, you were given the responsibility to bring out the best in others.” So how best to do this? A new white paper from the Institute of Real Estate Management (IREM) promises to provide some top-line answers.
Titled simply Leadership Development: Coaching and Developing Others, the publication is the seventh in a series of IREM white papers that focus on various leadership-related competencies critical to real estate management and general business success. It lays out some of the most valuable techniques to help others develop their skills and also addresses common mistakes leaders make—e.g. focusing on poor performers at the expense of the good ones—that undermine their efforts.
Among other important take-aways, readers will be introduced to six steps to coach for development, steps that IREM says will yield these outcomes:
- Support employee engagement and job satisfaction, reducing turnover;
- Enhance performance and improve productivity;
- Allow employees to understand their value;
- Build a more effective, cohesive, and trusting team;
- Give themselves more time to do strategic, leadership-oriented work because their team will be productive and engaged;
- Understand the fundamental difference between managing and coaching; and
- Enhance their reputation as leaders.
Leadership Development: Coaching and Developing Others is available from the online IREM Bookstore at no cost for members, or $5.99 for nonmembers. To access all seven of the white papers in the series, which are available to nonmembers as a package at a 20 percent discount, visit the Leadership Competencies White Papers Web page.
The Institute of Real Estate Management (IREM) is an international community of real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing. An affiliate of the National Association of REALTORS, IREM serves both the multifamily and commercial sectors. IREM credentials include: Certified Property Manager (CPM), Accredited Residential Manager (ARM), Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO). Founded in 1933, IREM promotes best practices in real estate management, with 19,041 individual and 580 corporate members.
