Best Buys CEO says he uses 5 criteria to decide whether someones a leader

Best Buys CEO says he uses 5 criteria to decide whether someones a leaderBest Buys CEO says he uses 5 criteria to decide whether someones a leaderBest BuysCEO has five criteria to determine whether someone is a leader.Ive spelled out the five bes of leadership, CEO and chairman Hubert Joly told Business Insider. I think it resonates with what were trying to do.Joly has led Best Buys turnaround efforts since taking on the role of CEO in 2012. By all accounts, his work has paid off, with the companys share price increasing271% over the past five years. Best Buy reported that comparable ausverkauf grew 5.6% in fiscal 2018.According to Joly, reducing turnover and promoting internal leadership in the Best Buy workforce has been a major part of the companys recent success. As Best Buy develops its leaders, here are the bes that Joly says every leader needs to meet.1. Be a purposeful leaderBe clear about your purpose in life, what drives you, and make koranvers its connected with the purpos e of the company, he said.If youre driven by making money or career advancement, thats fine for some roles. But, many people want a deeper purpose in their career. You need to make sure that your purpose lines up with that of where you work.Most of us want to do something meaningful, Joly said. We want to live a purposeful life.2. Be clear about your role as a leaderDo you believe your role as leaders is to be the smartest person in the room, and make sure everybody knows that? Joly asked. Or is it to create an environment in which others can be successful and, you know, blossom and flourish and so forth?Most companies need a leader who is willing to help others succeed - even if it doesnt immediately benefit the leader.3. Be clear about who youre servingA good leader is focused on serving the customers, not the boss, Joly believes.If you believe youre serving the servants, meaning people on the front line, and your role is to help them be successful, then youve got it, he said.4. Be a values-driven leaderIntegrity is really important, Joly said.Joly admits that some of his criteria can sound like propaganda. However, he says that proof is in the results. As a result of an emphasis on ethical, values-driven leadership, turnover at Best Buy has significantly decreased over the last five years.These numbers with turnover and employee satisfaction, really, would not happen if were just going to tell people, Be happy, Joly said.5. Be an authentic leaderJolys final leadership criteria is being yourself.Work-life balance alfruchtwein has the connotation that your work is not part of your life, Joly said. So you can be an a, the most terrible person at work, and then you can be the most wonderful person outside - it makes no sense.Instead, people should strive to be their full, authentic selves at all times.Kate Taylor is a retail reporter for Business Insider. She has previously covered food and franchises for Entrepreneur. Find her on Twitter Kate_H_Taylor.This column was originally published on BusinessInsider.com.