Just as manual data gathering and management no longer serves the needs of most tax departments, the tax executive’s traditional leadership toolkit may not be enough to address the current state of corporate tax — one of constant technological and regulatory change.
Traditional leadership requires managers to monitor and respond to their direct reports’ daily activities constantly — consuming an unsustainable amount of time and energy. Transformational leadership, on the other hand, exerts a much broader influence over the entire organization and all its stakeholders. With less micromanaging and more higher-order leadership skills, tax leaders can accomplish more while inspiring even greater work from those they lead.
In this whitepaper by Vertex Chief Tax Officer Peggi Rockefeller and Director of Client Relations Dr. John Wilson, you’ll learn the four main pillars of transformational leadership, how to accomplish them, and how they’ll benefit your organization:
- Idealized influence: serving as a role model for the change the leader is guiding
- Inspirational motivation: stimulating a sense of purpose and excitement around shared goals
- Individualized consideration: treating all stakeholders and those you lead as individuals and providing for their needs
- Intellectual stimulation: inspiring curiosity and the drive to learn in others