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Good to great (Level 5 leaders (Their ambition is first and foremost for…
Good to great
Level 5 leaders
Their ambition is first and foremost for the institution, not themselves
Model and willful, humble and fearless
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Credit to factors outside themselves when things go well, and take responsibility if things don't go well
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Who then what
It's not how you compensate your executives, it's which executives you have to compensate in the first place.
To have the right people, put greater weight on character attributes than on specific educational background
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Unfair to wait too long before acting: wasting the other person's time and also dangereous for the good people in the team
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People want to be part of a winning team, they want to feel the excitment
Hedgehog idee: SIMPLE concept flowing from the intersection between what are you deeply passionate about, what you can be the best in the world at and what drives your economic engine
foxes see the world in all its complexity, hedgehogs simply it to a single organizing idea
What can you be the best at, but also, what cannot you be the best at?
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Not only focus on what to do, but also what not to do, and what stop doing
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Great to Last
Not important what your core values are, but that you built on them and that you preserve them
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