thoughts

Sunday, November 9, 2014

"Is there a formula for successful Leaders?"

William W Kooser, Associate dean for Global Outreach, the University of Chicago Booth School of Business, answers this questions thus:

  • Successful global business leaders today need key capabilities and attributes such as solid analytic; global mindset; an appropriate dose of humility, curiosity and a bit of luck.
  • The age of Big data (customer and competitor data) is upon us and leaders need to understand what that data tells.
  • "Informed gut" is a valuable tool .
  • Do not delegate all the analytical wok and understanding to others.
  • CEO need to rely on others -- both within and outside the company -- to generate the information and ideas they need and challenge their decisions and strategies.
  • Humility fosters a sense of curiosity; constantly seek out new ideas and adjust the company's direction.
  • Therefore the characteristics of successful leaders include skills that can be taught in the classroom; attitudes that are learned in life/job; personality traits that are developed through life and a element of happenstance* that can't be taught, developed or predicted.

*a chance happening

Source: Economic Times , 4th Nov. 2014. p.8

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