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LEADERSHIP: AVOIDING BLACK-SWAN DISEASE

published:2010-07-26 01:00:00

Nassim Nicholas Taleb, the best-selling economist and author of The Black Swan, is famous for his arresting insights. His recent postscript to The Black Swan is no exception: presenting ten lessons from the Global Financial Crisis. Above all, he recommends learning from “Mother Nature” – by making our

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LEADERSHIP: FOR SUCCESS – AND HAPPINESS

published:2010-07-19 01:00:00

Like Professor Clayton Christensen, I’ve faced a life threatening cancer and found it a crucible for clarifying my thinking about what’s important. The day

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LEADERSHIP: TRAINING AND DEVELOPMENT - BUT HOW?

published:2010-07-13 01:00:00

Due to a backlog of new registrations to work through this Potshot has been delayed by a day. Our apology to our regular readers

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LEADERSHIP: THAT ONE KEY LESSON

published:2010-07-07 01:00:00

How do you rate yourself on the following five actions? Showing self-awareness?. Demonstrating authenticity, integrity and compassion? Understanding and engaging people as

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LEADERSHIP: WHAT'S YOUR PLAN?

Prioritise your leadership actions to achieve unique leverage and strategic contribution
Don't waste time on low-impact activities where others can and should take charge

High (often unreasonable) expectations await newly appointed presidents - whether taking the helm of a company or a country. For President Obama, this is multiplied manyfold. His personal story, and the dreams it creates for others, breaks hugely with the past. And, he steps up in the face of challenges of hurricane proportions. How will he go? Sadly, if his current economic and financial initiatives fail, the dreams of many may end almost before they're born. So, let's take stock of your leadership (of your team, project or business): how difficult are things going forward? And, what the hell are you doing about them?

President Reagan arrived in Washington with many people seeing only the B-grade actor and hearing his seemingly banal simplifications. But, as he retired many (of the same people) admitted he'd done a great job, and made the Presidency doable again. How come?

Let me list five strands that can help us all as leaders, whatever the scale and specifics of our role. On each, mark yourself out of ten; and, identify what you're going to change!

  • Find the few critical issues, where you (as leader) have a unique opportunity - and responsibility - to take charge. Top for Reagan's list was winning the Cold War. But, there were domestic ones as well.
  • Verbalise these top issues in simple, memorable terms, for example, Reagan's "evil empire". It was new then, but didn't copy well in the mouth of GWB.
  • Take tough decisions, as he did with the air traffic controllers' strike.
  • Delegate once you've created the sense of purpose and given a lead on the critical issues. Give others the implementation - and the power to do it.
  • Share or deflect credit as Reagan did to Gorbachev for ending the Cold War.

There are more things we can all do driven off the specifics of our business challenges and the strengths and weaknesses of the team we lead. But, the above five can get you started.

But, there's also two more. Higher level ones that are often overlooked. The first is not Reagan's style, but I think he'd agree with the second.

  • Develop a Leadership Action Plan (an LAP) - of personal actions through which you can exert unique leverage and inspiration. Yes, have a plan. Or, risk losing the dream.
  • Wish for luck - and exploit it when it comes. Just thinking about where you need luck will also help you plan more carefully in that area, and minimise the need!
For all our sakes, President Obama deserves good luck; and, he has an LAP. For the present, it's all about driving the economic and financial turnaround. What's yours?

Categories for this Potshot:

Great-leader Potshots, GFC Potshots, Develop plans and actions lists, Communicate key messages, Take tough decisions, Create accountability, Deliver performance rewards, Design structures and roles,



Dr. Timothy Pascoe AM
PhD (Cambridge), MBA (Harvard), BE & BEc (Adelaide)
Creator, V|E|C|T|O|R Leadership®

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