what makes a great boss
Mellody Hobson Ariel Capital Management Ariel prides itself on its slow and steady approach to investing. The Chicago-based investment firm, which runs three mutual funds and has $17 billion in assets under management, uses the same strategy to advance its social mission: educating African-American kids about investing. Its 97 employees reach out to Chicago children through Ariel Community Academy, a public school that the firm helped the city found and that it supports with help from two financial firms: John Nuveen and Lehman Brothers. Each first-grade class receives $20,000, which Ariel invests equally in its Ariel fund and the Nuveen Rittenhouse Growth fund. President Mellody Hobson, 37, gives regular lectures at the school to both students and their parents on topics such as saving and investing, and she came up with the child-friendly statements that each student receives on the $20,000 investment. Says Hobson: “Ariel Community Academy allows us to attract like-minded employees w
by Melanie Joy Douglas, Monster.ca Bosses are often the primary reason for people either loving or leaving their jobs. A boss, as Joan Lloyd writes, is the umbilical cord that connects employees to an organization, and if that cord is damaged, the employees will eventually leave. If you are one of the lucky employees who has a great boss, don’t take that relationship for granted. Here’s what makes a boss great: 1. Sets clear expectations A great boss sits down with a new employee right from the beginning and identifies priorities. She discusses the performance review, and how she defines “excellent performance.” She holds discussions regularly in regards to expectations from that point on. An effective boss doesn’t tell her employees how to get the work done. She talks about outcomes and results with them, and the employees are entrusted to execute the details and the process in the way they see fit. Expectations are set in different ways — sometimes in a formal planning session, othe
Just as it’s important how the employees treat their boss it is equally important how a boss treats their employees. A boss who overworks their staff, criticizes them, and has an unfriendly demeanor will be left standing alone. A boss needs to create a positive and cheerful environment so his/her employees will want to come to work and do their best. Here are some simple tips to being a great boss in addition to the usual skills of motivation, communication, and organization: Great bosses make their staff feel smart. I get presented with all sorts of enthusiastic ideas—yes many are misguided ideas, but when presented in a meeting or in private conversation with a misguided bit of nonsense, you should listen carefully for the tiniest bit of potential usable information. Seizing that tidbit of information, listening to them talk it through—tweaking it until they produce something workable and smart—great bosses understand this transformation instills belief in each staff member and has t
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- what makes a great boss
