James River Capital was founded in 1986. Paul Saunders and Kevin Brandt took the next step into making it an independent firm by acquiring the business from Kiddy, the company whom James River Capital was originally owned under. From there, they greatly expanded their business from its base in Richmond, Virginia. As of this summer, the company has raised over $570 million in funds over across its products. The company website recently published an article giving a series of tips for readers to change their leadership style.
The role of a leader is a vital component to any team. They need to be an individual who commands respects of their team, but is also beloved by all who under them. Research has shown that there are a few things an individual can do to become a more effective leader. The first step can be taking a support role, over a leadership style position. It gives a greater comradely among the team that you are one of them. This has proven successful at major companies such as Facebook.
Another step an individual can take is to encourage transparency in the workplace. An employee who feels that reporting an incident would lead to harmful side effects, will likely keep it to themselves. This is not conducive for sustained growth and team building skills. The concept of “psychological safety” is something a team leader needs to keep in mind when forming bonds between members. Likewise, a leader should make it clear that everyone’s opinion matters. At each meeting, every team member should be given an opportunity to speak freely. A team that doesn’t communicate, is a team that will not grow to work together effectively.
James River Capital has become a well respected company within the financial community. They have teams who work extremely well together, but there is always room for improvement. The recent article servers as a reminder to current leaders, and advice to perspective leaders rising. The dynamic between a team and its leader can make or break a project. It’s critical to keep in mind that everyone is human, and has a voice that deserves to be heard. A great team is one that respects each other around them. Learn more: http://jrccblog.net/