Michigan Business Beat | Jennifer Maxson, Qualities Distinguish Great Bosses from Merely Good Ones

Michigan Business Network

Jeffrey Mosher welcomes back Jennifer Maxson, Founder and President of Jennifer Maxson & Associates, Belmont, MI. Questions covered in this interview: ● As a leadership coach, what do you believe are the most crucial qualities that distinguish great bosses from merely good ones? ● How can leaders effectively balance being approachable and maintaining necessary authority within their teams? ● In your experience, what are some common mistakes new managers make, and how can they avoid these pitfalls? ● Based on your outcomes, how does an improvement in leadership impact teams? ● Can you share two or three practical tips for bosses looking to improve their leadership skills that they can start using right away? Talking Points ● The impact of good leadership on employee retention: Studies have shown that approximately 57% of employees have left a job due to poor management. Good bosses can significantly reduce turnover rates, saving companies both time and money in recruitment and training. ● The ripple effect of effective leadership on team performance: Research indicates that teams led by high-performing managers are 50% more productive and 44% more profitable than those led by average managers. Good bosses elevate their entire team's performance. ● The connection between leadership quality and company profitability: Companies with high-quality leadership development programs have been found to outperform their competitors financially. Investing in leadership pays off. ● The role of emotional intelligence in effective leadership: Leaders with high emotional intelligence scores are responsible for 58% higher productivity and 70% higher employee retention rates compared to those with lower EQ scores. ● The importance of continuous learning and adaptability for leaders: In a rapidly changing business environment, adaptable leaders who prioritize ongoing learning are 25% more likely to outperform their peers and lead their companies to long-term success. About Jennifer Maxson: Jennifer Maxson is a highly driven and influential figure in networking, communication, leadership development, and public speaking. With her extensive experience and expertise, she serves clients by offering tailor-made individual coaching, executive coaching, and group training services. As a Certified Professional Coach, she is dedicated to delivering exceptional consulting services that empower clients to achieve their goals. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN’s YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/