In the Richmond, Virginia there is an investment firm named Kidder, Peabody & Co., Inc. who works tirelessly for its clients. In 1986, they created a secondly company named James River Capital to serve as an alternative for clients. By 1995, Paul Saunders and Kevin Brandt had risen to such prominent positions that were able to take control of the company. They first split it form its parent company, and then filled with the CFTC to independently work in the investment industry. In a recent blog post, they describe a series of tips to being an effective leader in the most day industry.
There is no singular definition to what a good leader entails. They are generally a person who commands the attention of their employees or teammates through status and respect. However, having a distinct personal charm is essential to being a leader in the modern age. A good first step for a perspective leader to is integrate themselves in the team. They should be a person who supports the team in completing the task, and acts as a role model of work efficiency. This tiny shift can have profound impacts on the closeness of the team. Learn more: http://jrccblog.net/
The next step would be encouraging free discussion. Studies have shown how many employees are often too afraid to speak their mind, and this can toxic to work culture environment. A good leader is someone who respects each and every option of its members. Research call this phenomenon the “psychological safety” effect, where members can freely without feeling negative consequences may result from what they say. Similarly, James River Capital encourages leaders to keep track of who talks and how often. The quiet members need an opportunity to speak and feel welcomed into the greater team.
James River Capital is a modern day example of how strong leadership can greatly alter the course of a company. They would not have able to become independent without a trusted team of individuals behind Paul Saunders and Kevin Brandt. They presently work with over $570 million of resources in their network. The company is a shining light in the modern industry, and they hope to share some of experiences with the next generation.