Spotlight on Culture and Leadership at ARRtist’s Annual Conference Ellen Marie Nyhus, CEO of Verdane Elevate, recently spoke at ARRtist’s annual conference for the DACH B2B SaaS community, hosted in Berlin. Ellen discussed the crucial role of culture in driving business success, offering practical insights on why leadership and culture matter to anyone seeking to build an enduring business, including: - Leaders, great and bad, create feelings based on behaviours and behavioural patterns. For talent, that means you should focus on finding the right leader more than the right job; 75% of talented high performers who decide to leave do so due to poor leadership. Meaning they don’t leave the company, they leave the leader. - One way to define great leaders is to look at the characteristics of the employees reporting to them. High intrinsic motivation – emotional and personal attachment to the job, and working because they genuinely want to deliver – is the key hallmark of these employees. Leaders of such employees stand out in two respects: result orientation (“what you do”) and interpersonal effectiveness (“how you do it”). One fosters respect, the other trust. With the advent of AI, the new “smart” has been redefined from cognitive intelligence to social intelligence - the quality of your listening, collaborating, communicating – promoting emotional engagement. With most leaders today rising to their positions due to a high degree of result orientation, there is significant potential to improve on interpersonal effectiveness and soft skills. - Therefore, make a habit of recognising the contributions of your team. Recognition is one of the top three things that European businesses fail to deliver to their employees, making it one of the biggest lost business opportunities today. Employees who don’t feel seen or recognised are twice as likely to leave, and it holds to reason that someone who doesn’t feel important won’t consider their work important. In turn, that impacts business outcomes. What accomplishments are most significant to your wanted business outcomes? And what behaviours are contributing most significantly to the culture you want to create? Define these, recognise and celebrate them, and you will make the right people and the right kind of work seem important. Ask other leaders “Who has impressed you the last week”, or “Who on your team has made an extra effort”? Then act on it. Across teams, this is a collective effort. For more insights, don't miss Ellen's sessions at future conferences we'll market here on Linkedin! Through our Elevate team, Verdane actively support our portfolio companies in achieving the competitive advantage and team development potential that each company’s unique culture possesses. Many thanks to Julius Göllner, Matthias Ernst, Julia André and the ARRtist team for an excellent conference! #Culture #Leadership #SaaS #software #privateequity #technology #growth
Absolutely love this! “Seeing” people and recognize their contributions is so important in building a genuine and trusting relationship at the workplace, which is fundamental in order to increase performance 👏💚Love the insights! Ellen Marie Nyhus Verdane
Ellen Marie Nyhus keep sending the positive energy! Such a great picture 🤩
Thank you so much, Ellen and Verdane for your insightful contribution at ARRtist Summit 2024! It was our pleasure!