Why it is so hard for companies to find great leaders???
By Dan MacDonald
??????????????????????????????????????
When leaders are chosen, the decision is often based on the wrong criteria. Many look to people with strong, charismatic personalities, or passion for personal achievement. They look to people who are commanding or who manage the efforts of others well. Some people even look to physical attributes as an indication of leadership ability.
?
The misconceptions of what makes a person a good leader are not limited to these factors. They also include our choices of personality characteristics. Some see great leaders as people who can mesmerize a crowd with their stage performance Kemoko Turay Colts Jersey , who can make those around them relax with their confidence, or who can think circles around other senior people in the organization. In reality, these traits and characteristics are not indicators of great leaders. Rather, great leaders are characterized by their focus on integrity over stage performance, passion for what is best for the company over self-importance Justin Reid Packers Jersey , humility and passing forward credit over ego, and empowering their people over making decisions on their behalf. There have been numerous books written, researches conducted, and data compiled that point to these findings; however, even extraordinary companies with insightful Josh Rosen Cardinals Jersey , intelligent, and experienced boards of directors and senior executives have erroneously chosen leaders based on their perception of leadership capabilities.
?
Take Hewlett Packard for instance.? In January of 1999, Hewlett Packard?s board of directors met in the Garden Court Hotel in Palo Alto, California to discuss, among other things Josh Jackson Packers Jersey , the rapid changes in business caused by the unsubstantiated growth of internet IPOs. There was concern among the board that changing times may call for a leader better suited to lead the company into the future. In his book, How the Mighty Fall, Jim Collins summarizes this concern best, stating that, ?HP?s stalling growth and languishing stock price relative to the skyrocketing technology sector lend credence to a growing worry that HP needed an entirely new type of leader?. At the meeting Josh Allen Bills Jersey , Lewis Platt, then CEO of HP, suggested he retire early to make room for an appropriate leader. The board accepted and replaced him with Carly Fiorina, announcing, in July of that year Joseph Noteboom Chargers Jersey , that she would become the next CEO of Hewlett Packard.
?
Lewis Platt and the board of directors believed that a new CEO with a fresh perspective would help mobilize the company towards the rapidly-changing landscape of the technology industry. Fiorina, who once held Forbes magazine?s ?Most Powerful Woman in Business? title and had an impressive background as Executive VP at AT&T, was just the type of executive HP was looking for. In retrospect, it seems as though the board of directors may have erred on its judgment; during Fiorina?s tenure HP realized its first loss, its stock price fell from $45.36 to $20.14 and heavy job losses were incurred. In comparison Jessie Bates Bengals Jersey , Platt, the Ford Taurus-driving down-to-earth former CEO, grew HP from $16.2 to $42 billion and earned Chief Executive Magazine?s distinction as the 11th all time wealth creator.
?
After closely examining HP, it becomes evident that leadership plays an important role in the rise or fall of an organization. Leaders can either drive organizations to market capitalization of hundreds of millions dollars or to losses as equally great. It is hard to dispute that leadership does not play a vital role in the success of a company, yet many organizations do not have systems in place to identify and develop potential future leaders.
Tierforum
Thema drucken
23.09.2019 08:50
Antworten
