MADISON, Wis. (6/4/13)--A new Filene Research Institute Report finds that good leaders combine both transactional traits--such as goal setting and rewarding exceptional performance--and transformational traits, such as trust, respect and the ability to motivate employees.
The report, "Leadership and Results: A Study of Canadian Credit Unions," recommends training and talent rotation to nurture both types of traits.
The report was compiled from a study of 22 of Canada's 30 largest credit unions. The study included the collection and analysis of 485 leadership surveys, and data on growth in membership and assets under management for each credit union. The study answered three core questions:
What leadership behaviors do the most effective leaders exhibit
Is there a relationship between leadership effectiveness and financial results?
Among the recommendations for credit unions the report offers:
To download the report, use the link.