Entelechy Speaks to Bill George about Authentic Leadership
byon 06-25-2012 at 01:47 AM (184 Views)
"Ive had the pleasure and honor to meet some of the worlds greatest leaders and leadership gurus, from Sir Richard Branson, Common Tommy Franks, and Captain Mike Abrashoff to Dr. Warren Bennis, Dr. Henry Mintzberg, and Tom Peters.
I recently had the opportunity to meet with Bill George, former chairman and chief executive of Medtronic, Inc., the worlds top medical technologies firm, and author of the best-promoting book, Authentic Leadership: Rediscovering the Secrets to Creating Lasting Value.
Bill George speaks boldly against the shareholders are king philosophy that has created a lot of of the troubles facing businesses these days. With corporate accounting scandals rampant and CEOs being handsomely rewarded even while their firms are rushing headlong to failure, George believes that leaders should reexamine their values and principles and refocus their businesses on the factors that produce accurate sustainable worth: happy customers serviced by way of valued staff.
In the pursuit of shareholder not customer value, CEOs have been driven to pursue swift riches nearly constantly at the expense of long-term growth and customer service. Worse, this misguided pursuit of shareholder earnings has led some as evident in Enron, WorldCom, Adelphia, and others to generate the illusion of profitability and growth.
Wheres the leadership? In several cases, the leadership is as vaporous as the long-term earnings.
Bill George calls on all of us to demonstrate authentic leadership, to return to the core values of sound company. He argues that taking very good care of employees and buyers will result in a greater stock cost than focusing on shareholder value. And his arguments are persuasive. In the course of his tenure as CEO at Medtronic, revenues grew from $750 million in 1989 to $five billion in 2001. The companys market capitalization rose from around $1 billion to far more than $60 billion a 37.5% growth rate compounded annually.
Bill George has faced many of the same pressures all leaders face: the CEO cult of character, the 24/7 workday, the passionate pursuit of earnings, the excesses of ego, and the breach of trust by far too many corporate leaders in the 1990s. In his book, Mr. George draws from his rich experiences as well as from those of leaders he admires and disdains to illustrate his five dimensions of authentic leaders:
Understanding why you want to lead
Practicing solid values
Leading with a heart
Establishing connected relationships
Terence R. Traut is the president of Entelechy, Inc., a organization that helps organizations unlock the prospective of their people by means of customized coaching programs in the regions of sales, management, customer service, and education. Terence can be reached at 603-424-1237 or firstname.lastname@example.org. Examine out Entelechys internet site at www.unlockit.com. http://balisongknives.net/balisong-knives-knife"