Collector - November 2020 - 37

BUSINESSOPERATIONS

and solve any outstanding issues within
that quarter.

TALK IT THROUGH
Explain how the leadership development
plan will help your future leader grow. Show
where your organization wants to go with
that particular position and outline their
role in the organization.
Minus a plan-it can be a just a one- or
two-page document-success will be elusive.
It's also important to build on that success by
working to turn problems or weaknesses into
positives. Finding new responsibilities or new
duties for someone who is having issues can go
a long way in their professional development.
It's never easy when you have to be candid
with someone about their development
needs. An employee may have a different

perspective, but if you have the interaction
and address the issues, both parties can grow
from the experience.
Don't use email or text messages to
discuss problems. Instead, meet in person
or over a video call to talk about the future
leader's continued growth inside your
organization. Your future leader will be
more receptive to feedback or constructive
criticism when you show you have his or
her interests in mind.
For example, let's say you're working with
a future leader who is a bit introverted. That
person may be very good at understanding
strategy but lacks the communication
skills or doesn't have enough confidence
to speak to these things. As a leader of an
organization, you can help home in on and
improve their skill set.

In our industry, it often feels like there
are never enough hours in the day to get
everything done, but developing the next
generation of leaders is important. Face-toface interaction is the best way to discuss
future leaders' development needs and
build a plan to make improvements in a
constructive manner.
Michael Lamm is managing partner
at Corporate Advisory Solutions
(www.corpadvisorysolutions.com),
a boutique merchant bank with
offices in Philadelphia and Washington,
D.C. He can be reached at mlamm@
corpadvisorysolutions.com or
(202) 904-7192. This article is based
on an episode of ACA Cast's Leadership
Fuel with Michael Lamm.

Unsupported?
A
Feeling

t Debt$Net®, we are proud to offer

affordable, professional tech support

plans that are second to none in the industry.

It is our incredible service, attention to customer

Abandoned?
Alone?

satisfaction, and dedication to problem solving
that have kept us in business for over 25 years.

We know the importance of investing in a
company that will always meet your needs.
With Debt$Net® on your side, you will never
be alone again.

800-552-8397 * www.debtnet.cc
New Unsupported Ad 2016.indd 1

COLLECTOR 11.20

2/23/16 2:03 PM

37


http://www.corpadvisorysolutions.com http://www.debtnet.cc

Collector - November 2020

Table of Contents for the Digital Edition of Collector - November 2020

Collector - November 2020 - Cover1
Collector - November 2020 - Cover2
Collector - November 2020 - 1
Collector - November 2020 - 2
Collector - November 2020 - 3
Collector - November 2020 - 4
Collector - November 2020 - 5
Collector - November 2020 - 6
Collector - November 2020 - 7
Collector - November 2020 - 8
Collector - November 2020 - 9
Collector - November 2020 - 10
Collector - November 2020 - 11
Collector - November 2020 - 12
Collector - November 2020 - 13
Collector - November 2020 - 14
Collector - November 2020 - 15
Collector - November 2020 - 16
Collector - November 2020 - 17
Collector - November 2020 - 18
Collector - November 2020 - 19
Collector - November 2020 - 20
Collector - November 2020 - 21
Collector - November 2020 - 22
Collector - November 2020 - 23
Collector - November 2020 - 24
Collector - November 2020 - 25
Collector - November 2020 - 26
Collector - November 2020 - 27
Collector - November 2020 - 28
Collector - November 2020 - 29
Collector - November 2020 - 30
Collector - November 2020 - 31
Collector - November 2020 - 32
Collector - November 2020 - 33
Collector - November 2020 - 34
Collector - November 2020 - 35
Collector - November 2020 - 36
Collector - November 2020 - 37
Collector - November 2020 - 38
Collector - November 2020 - 39
Collector - November 2020 - 40
Collector - November 2020 - 41
Collector - November 2020 - 42
Collector - November 2020 - 43
Collector - November 2020 - 44
Collector - November 2020 - 45
Collector - November 2020 - 46
Collector - November 2020 - 47
Collector - November 2020 - 48
Collector - November 2020 - Cover3
Collector - November 2020 - Cover4
http://online.collector.com/collectormagazine/202012
http://online.collector.com/collectormagazine/202011
http://online.collector.com/collectormagazine/202010
http://online.collector.com/collectormagazine/202009
http://online.collector.com/collectormagazine/202008
http://online.collector.com/collectormagazine/202007
http://online.collector.com/collectormagazine/202006
http://online.collector.com/collectormagazine/202005
http://online.collector.com/collectormagazine/202004
http://online.collector.com/collectormagazine/202003
http://online.collector.com/collectormagazine/202002
http://online.collector.com/collectormagazine/202001
http://online.collector.com/collectormagazine/201912
http://online.collector.com/collectormagazine/201911
http://online.collector.com/collectormagazine/201910/
http://online.collector.com/collectormagazine/201909/
http://online.collector.com/collectormagazine/201908/
http://online.collector.com/collectormagazine/201907/
http://online.collector.com/collectormagazine/201906/
http://online.collector.com/collectormagazine/201905/
http://online.collector.com/collectormagazine/201904/
http://online.collector.com/collectormagazine/201903/
http://online.collector.com/collectormagazine/201902/
http://online.collector.com/collectormagazine/201901/
http://online.collector.com/collectormagazine/201812/
http://online.collector.com/collectormagazine/201811/
http://online.collector.com/collectormagazine/201810/
http://online.collector.com/collectormagazine/201809/
http://online.collector.com/collectormagazine/201808/
http://online.collector.com/collectormagazine/201807/
http://online.collector.com/collectormagazine/201806/
http://online.collector.com/collectormagazine/201805/
http://online.collector.com/collectormagazine/201804/
http://online.collector.com/collectormagazine/201803/
http://online.collector.com/collectormagazine/201802/
http://online.collector.com/collectormagazine/201801/
http://online.collector.com/collectormagazine/201712/
http://online.collector.com/collectormagazine/201711/
http://online.collector.com/collectormagazine/201710/
http://online.collector.com/collectormagazine/201709/
http://online.collector.com/collectormagazine/201708/
http://online.collector.com/collectormagazine/201707/
http://online.collector.com/collectormagazine/201706/
http://online.collector.com/collectormagazine/201705/
http://online.collector.com/collectormagazine/201704/
http://online.collector.com/collectormagazine/201703/
http://online.collector.com/collectormagazine/201702/
http://online.collector.com/collectormagazine/201701/
http://online.collector.com/collectormagazine/201612/
http://online.collector.com/collectormagazine/201611/
http://online.collector.com/collectormagazine/201610/
http://online.collector.com/collectormagazine/201609/
http://online.collector.com/collectormagazine/201608/
http://online.collector.com/collectormagazine/201607/
http://online.collector.com/collectormagazine/201606/
http://online.collector.com/collectormagazine/201605/
http://online.collector.com/collectormagazine/201604/
http://online.collector.com/collectormagazine/201603/
http://online.collector.com/collectormagazine/201602/
http://online.collector.com/collectormagazine/201601/
http://online.collector.com/collectormagazine/201512/
http://online.collector.com/collectormagazine/201511/
http://online.collector.com/collectormagazine/201510/
http://online.collector.com/collectormagazine/201509/
http://online.collector.com/collectormagazine/201508/
http://online.collector.com/collectormagazine/201507/
https://www.nxtbookmedia.com