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.”
Quoting Sir Richard Branson: “Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” Garg did not understand this principle. CEOs need to treat employees with dignity and respect.
Every business school is responsible for teaching future leaders the importance of ethics, integrity and the right tone at the top. It’s ironic that the Fox Business School rankings scandal could be a business school case study.
The adage, “don’t tell me it can’t be done, find a way to do it” describes the attitude needed to break paradigms. You’ll be surprised at what you can accomplish if you think out of the box and adopt new approaches.
Some of the causes of the great employment disruption of 2021 are beyond the influence of employers. However, initiatives that can be implemented to retain employees and attract those who are looking for a change.
Leaders, expose your employees to new, meaningful experiences. Get them out of their comfort zones. There is no better way for them to develop. It will help them build confidence.
A key leadership principle is to avoid adverse unintended consequences of decisions, especially when those consequences could undermine the credibility and trust that others have in you.
Are the silos in your company impeding your ability to accomplish initiatives with colleagues in other departments? People should talk with each other directly to make the right things happen.
Effective leaders celebrate employees for doing the right thing even if it violates a company policy or procedure.
Employees who on occasion violate company policy for the right reasons are your change agents and future leaders. Celebrate them.
Terminations are never easy. Informing a direct report “we are going to part company” takes some of the sting out of them being informed of their termination.
Be open to new opportunities that come your way and create your own opportunities. Embrace change, the only constant in life.