Leadership and share Price
impactnow
6/21/2011 12:25:37 AM
While I agree with the points in this article I have lived in a number of Fortune 500 companies and have worked for CEOs before they became CEOs. While the theory of leadership and innovation is on target the reality of getting leaders in place is still marred by politics, personal agendas and favors owed. IF the decisions were objective based on specific criteria for all management more companies would be more productive and efficient. Bad managers suck the profit out of companies by abusing their talented employees, making myopic decisions and causing upheaval through reorganizations and stalling techniques. Great leaders can make employees go the extra mile, create positive work environments elicit high productivity and develop successive leaders. Unfortunately, some very bad leaders can still elicit bottom line results through their techniques and at the end of the day when the results are reported to the street and the investors are happy the road to get there is overlooked.
Re: Integrity & Innovation
TelecomFreq
6/21/2011 12:15:40 AM
I would say that a great leader can inspire innovation, they are the ones who push their people to think outside the box and push the limits. It could be innovating technology or innovating policy, or some other field, great leaders drive others to greatness and innovation is part of that.
Ok. So a great leader has intengrity and inspires other managers and employees. What role does innovation play, and how do we define what we mean by innovation?
Re: Integrity, intelligence, and Energy
Broadway
6/20/2011 11:53:57 PM
Another way to look at a leader is inspiration. Does he or she inspire your employees and your customers. Heck, does he or she inspire investors too. Make all stakeholders believe in his or her megalomaniacal vision for the company. If not, then all you might have is a good manager.
Check out the latest research from consultancy Mercer by the way. It appears that US companies are leadership deficient. I think that's an explanation for a lot of the low morale and why one-third of all surveyed employees wants to leave their job immediately.
Integrity, intelligence, and Energy
Value Hiker
6/20/2011 11:28:29 PM
The above are the 3 characters Mr. Buffett considers important for a leader.Without integrity, person with the other two characters will kill you.
Jefferey Skilling, the former president of Enron, is a very good example. Skilling is both smart and energetic.
During his admissions interview for Harvard Business School, he stated that he was asked if he was smart, to which he supposedly replied, "I'm fucking smart."
Mr. Skilling is also full of energy, He became one of the youngest partners in the history of McKinsey, considering the exhausting work load for a new partner.
Unfortunately, Mr Skilling has little integrity. When he was talking, he was lying through his teeth, when he was silent, he was stealing.
If you take a look at the video of Mr. Skilling's testimony at Congress, you know what kind of leader you will have when you choose an intelligent, energetic person without integrity. Smart but disgusting.
Undertsanding your customer's need
tokyogai
6/20/2011 9:18:18 PM
In addition I would add that understanding your customers and what they really want is a key. Many tech companies sell what they want to in their own vision of the world and become less than relevent to their own customers. Apple and others have avoided doing this by having a vision that aligns with their users. That comes from the leadership.
Decision making
ProfR
6/20/2011 6:50:30 PM
I would add decision making. In IBM and Apple, leaders understand their markets and make often difficult decisions to keep their companies on course.
Noreen,
In my view, integrity deserves more consideration in choosing our leaders. Too often the board (or the coach) is willing to over-look ethical lapses in the candiate who is seen as an otherwise exceptional performer.
Dee Hock, who founded VISA, expressed it well in explaining why he considered integrity to be the first thing to look for in any hiring decision:
"Hire and promote first on the basis of integrity; second, motivation; third, capacity; fourth, understanding; fifth, knowledge; and last and least, experience. Without integrity, motivation is dangerous; without motivation, capacity is impotent; without capacity, understanding is limited; without understanding, knowledge is meaningless; without knowledge, experience is blind. Experience is easy to provide and quickly put to good use by people with all the other qualities."
Chaos
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