4 Leadership Styles Flashcards

1
Q

What is the primary focus of Part II?

A

Exploring leadership styles, decision-making for revenue growth, and strategy alignment

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2
Q

Why do sales leaders fail to grow revenue?

A

They only lead with their default style

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3
Q

What is the democratic consensus-builder leadership style characterized by?

A

Approachability, positivity, encouragement, and team engagement

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4
Q

What is a downside of the democratic leadership style?

A

Some salespeople treat commands as suggestions

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5
Q

What behavior do salespeople exhibit when they resist change under democratic leadership?

A

They may ‘wait you out’ instead of taking action

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6
Q

What is the autocratic leadership style?

A

A style that relies on formal power and does not prioritize likability

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7
Q

What is a potential negative outcome of being an autocratic leader?

A

High attrition and only achieving compliance, not performance

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8
Q

When is it necessary to adopt an autocratic leadership style?

A

When defending nonnegotiable outcomes to protect revenue growth

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9
Q

What does laissez-faire leadership entail?

A

A hands-off approach allowing team autonomy

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10
Q

What is a challenge of the laissez-faire leadership style?

A

Allowing team members to fail due to lack of intervention

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11
Q

What is the role of a strategic leader?

A

To recognize strategies and tactics for better results and coach the team

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12
Q

What is a downside of being a strategic leader?

A

Team may not be ready for changes and can lose focus

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13
Q

What is the bureaucratic leadership style characterized by?

A

Emphasizing compliance with laws, rules, and guidelines

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14
Q

What is a downside of the bureaucratic leadership style?

A

Requiring tedious administrative tasks from the team

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15
Q

What defines a transactional leader?

A

A leader who operates on a purely transactional basis, expecting results in exchange for rewards

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16
Q

What is a major flaw in the transactional leadership approach?

A

Assuming all salespeople are motivated solely by money

17
Q

What is the transformational leadership style focused on?

A

Helping individuals and companies move toward their potential

18
Q

What mistake can transformational leaders make?

A

Not giving team members time to integrate changes

19
Q

What is the outcome of using a democratic leadership style for territory and account plans?

A

Increased engagement and commitment from the team

20
Q

What leadership style is effective for prospecting daily?

A

Autocratic leadership

21
Q

Why is prospecting essential for revenue growth?

A

It creates the necessary opportunities for reaching goals

22
Q

Fill in the blank: The democratic leadership style can lead to _______ when team members resist change.

A

revenue loss

23
Q

True or False: The autocratic leader is primarily concerned with being liked by their team.

24
Q

What is a key requirement for creating new opportunities weekly?

A

Being a benevolent dictator regarding prospecting

This emphasizes the need for leadership that combines professionalism with firm expectations for team prospecting.

25
What should a strategic leader do when their team is not generating quality meetings?
Monitor results and analyze sales calls to identify root causes ## Footnote This practice helps in developing new approaches and training the team effectively.
26
What role does a bureaucratic leader play in updating the CRM?
Sends reminders and enforces compliance with CRM data entry ## Footnote Bureaucratic leaders may impose rules like withholding commissions on unentered deals.
27
What is the role of a transformational leader in sales?
Realign the sales approach with client needs and foster new competencies ## Footnote Transformation requires new beliefs and skills to adapt to changing market demands.
28
What is the responsibility of a leader regarding their team's results?
Everything is the leader's fault ## Footnote Leaders must take accountability for their team's performance and outcomes.
29
What are the two big problems that prevent net new revenue?
Too few net new opportunities and too few won deals ## Footnote These issues must be prioritized to ensure revenue growth.
30
What is necessary for creating new opportunities in sales?
Creating more quality opportunities than believed necessary ## Footnote This approach acts as a hedge against the unpredictability of closing deals.
31
What is a common misconception among sales managers about their pipelines?
They believe they have plenty of opportunities available ## Footnote This often leads to missed goals when many opportunities fail to close.
32
What is the primary obstacle to winning deals in sales today?
Using legacy sales approaches that do not align with modern buyer needs ## Footnote Many salespeople are still trained in outdated strategies that fail to create value.
33
What must modern salespeople do to win deals effectively?
Help clients recognize their business needs and facilitate a needs-based journey ## Footnote This includes guiding clients to build consensus among stakeholders.
34
What should sales organizations focus on instead of investing in technology?
Training sales teams for effectiveness in conversations with decision-makers ## Footnote Effective communication is key to guiding clients in their buying process.
35
What is the first and most important variable to revenue growth?
Leadership ## Footnote Effective leadership is essential for guiding the team towards achieving growth.
36
What must leaders do to focus on net new revenue?
Lead their teams to create and win opportunities ## Footnote This involves overcoming distractions and implementing a cohesive approach to revenue growth.