“Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people will not feel insecure around you. We are all meant to shine, as children do. It is not just in some of us; it is in everyone, and as we let our light shine, we unconsciously give others permission to do the same. As we are liberated from our fear, our presence automatically liberates others.”
Leaders solve a coordination problem. Thus, a ‘price leader’ may be a small firm but if it is considered to have a good understanding of the market, then its actions are followed by other firms in the industry and this behaviour may not trigger alarm bells for Competition Policy. A ‘dominant firm’ which is the price leader, on the other hand, is more likely to be manipulating prices for a strategic purpose so as to increase or exploit market power.
Merkel will be the cause of populism rising and dominating in the next 10-20 years. A decade ago, the National Front received a fraction of the vote. This year, made it to the final round with a significant share. Populism is on the rise throughout Europe as well. Maybe not winning today, but the seeds have been sown.
Leadership is the timeless practice of guiding others in pursuit of a goal, destination or desired outcome. At the most fundamental level, a leader is someone who motivates, inspires and guides others toward pre-established goals.
When it comes to leading a team, you have to be willing to go out on a limb for your employees to show you have their back. Exhibiting a genuine interest in your team’s well-being shows you care and are willing to protect them when necessary.
Break your goal into small steps. Does the goal of starting a technology company seem impossibly unattainable? Break it down into smaller goals. Focus on streamlining your idea; then focus on getting funding; then move onto building a prototype, etc. If you have the vision to attack your goal piece by piece, it’s easier and less daunting to execute.
The Marine four-star general and leader of NATO’s coalition in Afghanistan “is probably the most complete warrior-statesman wearing a uniform today,” says a former Marine commandant. Dunford tells Fortune his first battalion commander told him the three rules to success. The first? Surround yourself with good people. “Over the years,” says Dunford, forgotten the other two.”
Alongside strategic thinking, therefore, go organising and action planning, both essential for delivery of your vision and strategy. Project management and project planning are also helpful skills for both managers and leaders. Good risk management is also important, to help you avoid things going wrong, and manage when they do.
If you keep doing what you’re doing, you’ll keep getting what you’ve got. The only way to get different results is to change the approach from what isn’t working to what is. That’s where flexibility comes in: “Whilst persistence is an important quality, persistence without flexibility can indeed be futile because, without some flexibility in your approach, you could end up trying to move an immovable object for the rest of your life.”
Walt Disney (1901-1966), had his share of hardships and challenges; and like any great leader, he managed to stay positive and find new opportunities. In 1928, Disney found that his film producer, Charles Mintz, wanted to reduce his payments for the Oswald series. Mintz threatened to cut ties entirely if Disney didn’t accept his terms, and Disney chose to part ways. But in leaving Oswald, Disney decided to create something new: the iconic Mickey Mouse.