leadership and effectiveness skills
taklin
JimCollins1.pptxJim Collins
Good to Great and More!
Jim Collins
Distinguished management and leadership researcher from Stanford- top 5 business school in US
Has written 5 books and cited in over 100 scholarly journals
Good to Great, Great by Choice, How the Mighty Fall, Built to Last, Beyond Entrepreneurship and a chapter in Harvard Business Review on Building Your Company Vision.
Research Method
Good to Great book research based on long term stock return
Those CEOs who had 3X the market average had certain characteristics
Only 11 CEOs from the Fortune 500 met standards for being in the study
Characteristics of “Good to Great” CEOs
Maybe not what you think!
They never wanted to become larger than life heroes.
They never aspired to be put on a pedestal or unreachable icons- ie never had real big egos!
They wanted to quietly produce great results!
Had a ferocious resolve!
A stoic determination to do what was needed to make firm great!
5 Level Leadership
These CEOs all had high, Level 5 Leadership qualities:
Humility
A problem solver
A hard worker
A futuristic planner
Chose right employees and put in place
Listened to customers
Stayed focus on one thing firm was great at (Hedgehog advantage)
Created a Flywheel- built on successes after learning from failures
Was this innate or learned?
Can be both, but most learned and evolved
How?
Self reflection
Personal development
Had a mentor and teacher!
Had loving parent(s)
Significant life experience
A level 5 boss
Leading in an Out of Control World
They embraced a paradox of control and non-control.
Understood that they face continuous uncertainty and cannot control or accurately predict significant aspects of the world around them.
They rejected the idea that forces outside their control or chance events will determine their results and they accepted full responsibility for their own fate.
Along with this, they had fanatic discipline, empirical creativity, and productive paranoia.
They all led their teams with a surprising method of self-control (emotional intelligence) in an out-of-control world!
How Do Good Leaders Help Firms Last?
Promote a strong vison based on values and purpose
Sticks to a mission with passion and resources
Has continuous leadership with a strong core ideology, drive for progress, experimentation and continuous improvement, and an integration of culture into company values
Use of homegrown CEOs who don’t deny negative data, don’t take high risks, aren’t reactive and erode financial strength- especially cash flow
Are aware of threats that may turn against them
Follow an envisioned future with passion emotion and conviction!
Jim Collins
Jim Collins talking about great leadership!
