Leadership & Perfectionism
By Mike Myatt, Chief Strategy Officer, N2growth
This may be difficult for some the get their heads around, but perfectionism is not a leadership trait. Leadership requires attention to detail and a commitment to quality, but rarely does it require perfection. While leadership doesn’t require being perfect, it does require doing what is needed and necessary. Perhaps one of the biggest flaws with the concept of perfection is found in who defines perfect – the definition of perfection will almost always vary radically from person to person. In today’s post I’ll share my thoughts on the myth of perfection.
Why do business fail? Given the current state of the economy, I would say it’s a safe bet that many of you have pondered the answer to this question as we watch companies close their doors on a daily basis. The unfortunate reality is that well more than 50% of all new business ventures fail within the first three years, and especially during tough economic times, many mature, even once category dominant companies fail over time. In today’s post I’ll share my thoughts as to the real number one reason why businesses fail – It’s not what you think…
Leadership is a full-contact sport, and leaders that cannot effectively deal with conflict are not really very good leaders are they? From my perspective, the issues surrounding conflict resolution can be best summed-up in three words…”Deal With It.” Conflict Resolution is a skill set necessary for survival in today’s business world. While you can try and avoid conflict (bad idea), you cannot escape conflict…The fact of the matter is that conflict in the workplace is unavoidable. It will find you whether you look for it (good idea) or not. The ability to recognize conflict, understand the nature of conflict, and to be able to bring swift and fair resolution to conflict will serve you well as a senior executive or entrepreneur. In today’s post I’ll share my perspective on the art and science of conflict resolution.
“But my business is different!” Well actually, no it’s not. I cannot even begin to count the number of times I’ve had a CEO tell me that certain immutable business principles just don’t apply to his/her business because, “this business is different.” I don’t dispute that all businesses have certain unique characteristics or contextual differences - I don’t even dispute that recognizing and leveraging said differences are important. What I do vehemently dispute is the assertion that a particular nuance is reasonable justification for flawed business logic to prevail. In today’s post I’ll share why most businesses have far more in common than most executives and entrepreneurs care to admit…
Entrepreneur, CEO or Both? Which hat, or hats do you wear? CEO…that title sounds good doesn’t it? Okay, so you founded the company, but does that mean you should also be the chief executive? Did you bestow the title upon yourself simply because you had the authority to do so, or are you the right person for the job? Perhaps you were the right person for the job initially, but has the company outgrown your management ability? As the founder, can you, or should you, attempt to grow with the company? What does a CEO really do anyway? In today’s post I’ll assess what it takes to be an effective CEO and you can decide for yourself if you have what it takes to get the job done.
Confidence vs. Arrogance…is it merely a question of semantics? I think not. While confidence can be mistaken for arrogance, and vice-versa, they are clearly not interchangeable terms. When you think of yourself as a leader do you view yourself as having the quiet confidence of David or the boastful arrogance of Goliath? In today’s post I’ll describe the power that resides with the truly confident, as contrasted with self-destructive characteristics that plague the arrogant…
Opportunity and timing are inexorably linked. So much so, that if you don’t think timing is everything - think again. Anyone paying attention to current events has recently witnessed that it doesn’t really matter whether you’re a politician, investment banker, CEO, or just an average citizen, when it comes to making a simple decision, managing a crisis, or attempting to exploit an opportunity, timing is everything. I’ve often heard people quip that they would rather be lucky than smart. While intelligence and good fortune are certainly both valuable traits to possess, neither of these traits holds a candle to having a great sense of timing…Luck is a hit or miss proposition, and we’ve all known many a brilliant underachiever. However it has been my observation that you will rarely come across someone who possesses a great sense of timing that is anything other than successful. In today’s post I’ll take a look at timing as key success metric…
I have read some interesting articles and blog posts of late on the subject of CEO term limits, and felt this topic worthy of discussion. You should know from the outset that I fundamentally disagree with the concept of CEO term limits, and quite frankly I cannot really come up with a valid reason for supporting such a regressive concept. Any such argument in my opinion is rooted either in flawed business logic or politically correct rhetoric (usually one in the same). I would encourage you to read my arguments in opposition to CEO term limits, as well as to think through the ramifications on the corporate landscape if such thinking were to ever take hold…