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A new business book has been published titled What it Takes: Lessons in the Pursuit of Excellence. It has been authored by Steve Schwarzman, who is the CEO of the Blackstone Group. He founded the company with his fellow Lehman Brothers outcaste- Pete Peterson. Bucking the trend of several Wall Street giants crumbling, Blackstone has kep growing stronger. In this book, Schwarzman explains how culture is the key to any organization’s success. This culture in turn has to be anchored from the very top. As any company grows bigger, the challenges to maintaining that conducive culture, increase many fold. That is why it is advisable to include the same, as a key component within the corporate strategy itself. Schwarzman also believes that for several team leaders, a challenge arrives when they need to delegate or share credit with their team members. This needs to go. Some of the great lessons Schwarzman learnt early on in life at Wall Street, turned out to be the negative ones. They reinforced his understanding on things to avoid.

Source:https://www.strategy-business.com/article/Blackstones-builder?gko=d2c08

Uploaded Date:25 May 2020

Communication is often described as the life- blood for quality leadership. Communicating the reasons for any act undertaken is often what sets aside truly proactive leadership and equally good talent management. In order to seek the right question, one may introspect with some “what” questions as this will help one understand the process. One this is done, the questioner might as well, follow up with some reason for the same. This may be termed as a “because”. Alternate perspectives could then be offered up as further explanation. A mistake communicators are often guilty of is that they attach greater importance to the “what” and the “how” rather than the “why”. The latter is often mistakenly considered self- evident.

Source:https://hbr.org/2020/05/good-leadership-is-about-communicating-why?utm_medium=email&utm_source=newsletter_daily&utm_campaign=dailyalert_not_activesubs&referral=00563&deliveryName=DM79287

Uploaded Date:20 May 2020

Some leaders have made headlines for their proactive and empathetic brand of leadership displayed during the ongoing COVID- 19 induced pandemic. One such standout case has been the Prime Minister of New Zealand- Jacinda Ardern. Another one has been that of the NBA commissioner- Adam Silver. Both took strong measures when the crisis was only at the surface. This helped them avoid the larger crises that other countries or organizations faced. Good leadership during this phase can go counter to the instincts that one normally works with. While usually leaders wait for the complete business intelligence to filter in, now they need to act with urgency. Their communications too need to be transparent. Those that have deliberately withheld the bad news or downplayed the crisis, suffered as a result of this. One needs to take complete responsibility and focus on solving problems. Instead of staying on the course, leaders now need to remain constantly engaged and updated.

Source:https://hbr.org/2020/04/what-good-leadership-looks-like-during-this-pandemic?utm_medium=email&utm_source=newsletter_monthly&utm_campaign=leadership_not_activesubs&referral=00206&deliveryName=DM79314

Uploaded Date:13 May 2020

A study was recently conducted jointly by the Barrett Values Centre and Merryck & Co. to identify the areas where business leaders typically possess their blind spots. The areas were broadly divided among two categories. One of these was in “connecting with others” while the other one was for “driving performance”. The lack of people skills or emotional intelligence proves to be the biggest obstacle among present- day business leaders. Their communication skills and listening abilities were two others. Visibility and access was one more. Leaders’ ability to trust and their belief in delegation too is one such obstacle. Under the second category, it is time management where leaders lack the most. Many are seen to be as not- so- good in their abilities to draft a proper corporate strategy, or to display any vision. Their executive presence is another key factor. Employees also value leaders with accountability and conflict resolution abilities. Some leaders are superior at management training. Such leaders are valued more, as their team mates tend to learn a lot from them.

Source:https://www.strategy-business.com/article/Revealing-leaders-blind-spots?gko=e2a16

Uploaded Date:30 April 2020

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