The lessons of Chernobyl for all political and business leaders are the same lessons relearned over and over again after many disasters and scandals. Always face the brutal facts of reality.
How can you rise above destructive office politics? Meet your commitments to others. Build trust with your peers. Develop alliances. Keep your adversaries close. Build relationship capital. Most importantly, do your job and achieve results, and let those results and your reputation speak for themselves.
“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”
Business leaders will never face the challenges of Zelensky. However, the traits needed to inspire your organization are the same: superb communication skills, inner fortitude and a laser focus on the challenge. With these traits, you can rally your organization to accomplish goals thought to be unachievable.
“Your comfort zone is your own worst enemy … If the thing you’re doing appears to be working, your natural inclination is to do more of it … When you’re comfortable, you have no motivation to look around and think about what might need to change.”
In real time, entrepreneurship students hire employees, attract investors, sell to customers, execute business strategies, learn how to de-risk their decisions and manage a P&L statement. These are valuable skills whether one starts a business, works for a startup or works for an established company.
Can a CEO who was asked to step down by the board due to their toxic leadership traits ever return to that position and be successful? Can trust and confidence in their leadership be established? Can talented and experienced people be recruited?
A question every new product development team must ask is, “Why will customers want to buy our new product?” Addressing this and the questions outlined in this article will raise the probability of a new product’s success.
Business schools that teach to maximize shareholder value but don’t emphasize the importance of ethics, integrity and the need to be a good corporate citizen are shortchanging their students and the companies they will work for.
In the words of renowned Brazilian novelist, Paulo Coelho, “If you want to be successful, you must respect one rule: Never lie to yourself.” Leaders, remember to listen to your experts, establish a challenge culture and value the lone wolf within your organization.
After the Elizabeth Holmes guilty verdict, venture capitalist Greg Gretsch, tweeted, “Ambition, drive, vision and optimism are all a part of the Silicon Valley ethos. Outright lies and deceit are not. Fraud is fraud.”
Why don’t all lawmakers hold themselves to the same conflict of interest standard as decision makers in corporate America?