20 May Leadership in Business
One of my favorite books I try to read every year is Jim Collin’s classic, “Good to Great.” In this book, he teaches and reminds us of many things that are very valuable to understand and apply. I want to focus on one of the principles he shares – that of Level 5 Leadership. He doesn’t just speak of being a great leader, but rather – the highest level of leadership.
Collins begins the process of identifying and further explaining the unique factors differentiating good vs. great companies. One of the most significant differences, he asserts, is the quality and nature of leaders in the firms he studied. Collins then describes “Level 5 Leadership” as a common trait of the great companies of his study.
By diving into his research regarding these Level 5 leaders, Collins found that many of those designated in this group displayed an unusual mix of “intense determination and profound humility.” These leaders often have a long-term personal sense of investment in the company and its success, often cultivated through a career-spanning climb up the company’s ranks. The personal ego and individual financial gain are not as important as the long-term benefit of the team and the company to true Level 5 Leaders.
Quotes shared during the event:
- “A culture of discipline is not a principle of business, it is a principle of greatness.” Jim Collins
- “A leader is one who knows the way, goes the way, and shows the way.” John Maxwell
- ” If your actions inspires others to dream more, learn more, do and become more, you are a leader.” John Quincy Adams
- “Leaders become great, not because of their power, but because of their ability to empower others.” John Maxwell
- “The key to successful leadership today is influence, not authority.” Ken Blanchard
- “The quality of a leader is reflected in the standards they set for themselves” Ray Croc
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Videos we shared at the event are below: