Level 5 Leadership Level 5 Book Report

PAGES
1
WORDS
343
Cite
Related Topics:

¶ … Level 5 leadership?

Level 5 leaders blend deep personal humility with professional will and determination to get things done

Level 5 leadership is credited with leading 11 companies to true greatness, as defined by Jim Collins as taking an organization with a mediocre market share to out-performing the market and/or dominating its industry

These Level 5 leaders often shun the public spotlight and put their company's success above their egos and personal financial interests. Lee Iacocca was a showy leader, but after his initial success, his focus got diverted. Chrysler stock fell 31%. Iacocca also demanded stock options, a private jet and other company perks that had little to do with real success.

Example of a Level 5 leader: Darwin Smith of Kimberly Clark

Upon assuming the helm of the company, Smith made radical decisions to make the company solvent and modernized.

Smith sold the company's signature mills, got out of the coated paper market and focused instead upon consumer products like Kleenex and Huggies.

Despite Wall Street's initial downgrade of the company stock, Smith held his ground, and now Kimberly Clark beats rival Proctor & Gamble in 6 out of 8 product categories.

Level 5 leadership is not enough

Company vision must be clear

Must be a belief in the future ( POW "Stockdale Paradox")

Change is often slow and incremental ("Flywheel")

Simplicity of direction and goals (hedgehogs, not foxes)

Judicious but forward-thinking use of new technology

Discipline

Level 5 leaders have tremendous personal will combined with a lack of personal self-serving egotism

Abbot Labs: ending nepotism, by company insider and family heir George Cain. Risky, radical move but resulted in Abbot outperforming Merck and Pfizer

Cork Walgreen turning the modern Walgreen's into a pharmacy rather than a general store/soda shop

These leaders made necessary decisions and risked their personal popularity for the sake of their companies

Level 5 leadership is difficult to embody: Difficult to change a person's character

Selflessness seems, in many ways, innate in these leaders

Many had personal turning-points before becoming Level 5, such as Smith's battle with cancer

However, all leaders can try to put Level 5 values into action

Cite this Document:

"Level 5 Leadership Level 5" (2010, November 18) Retrieved April 19, 2024, from
https://www.paperdue.com/essay/level-5-leadership-level-5-6662

"Level 5 Leadership Level 5" 18 November 2010. Web.19 April. 2024. <
https://www.paperdue.com/essay/level-5-leadership-level-5-6662>

"Level 5 Leadership Level 5", 18 November 2010, Accessed.19 April. 2024,
https://www.paperdue.com/essay/level-5-leadership-level-5-6662

Related Documents

Leadership Theory in a Changing and Globalizing Marketplace Modern business practice is permeated by the complexities of a changing world. The impact of globalization on the cultural makeup of companies, the effects of the global recession on the conventions of daily business and the evolutionary shifts brought on by emergent technology all call for an orientation toward simultaneous stability and adaptability. Only under the stewardship of a qualified, communicative, flexible and

Leadership Portfolio Political tactics are essential for quality leadership. It is important to be tactful in all situations, and to understand the confounding variables that can impact communication clarity. Politics refers to skillful communications and strategic decision-making. Compromises are critical to good politics. For example, we were working with a large team of over 25 people. Each person had a clearly defined role, but there came a time when egos started

Leadership Evaluation Introduction to Award Program Any discussion of employee incentive programs will make use of many different terms, most of which will mean different things to different people. In order to ensure the discussion has apples-to-apples clarity, this paper begins with a basic lexicon. Employee incentives are a form of payment that is tied to the performance of employees. The incentive payment can be either intangible or tangible, and with or without

Leadership and Organizations: Bill Gates and Steve Jobs The theories of leadership date way back to when dynasties existed and people were led by kings. The leader took control and made decisions whenever disputes arose. The question of leadership qualities may not have been all that important then, but people still considered some to be better leaders than others. It would be prudent to begin by giving the fundamentals of the

Leadership is defined as the procedures that individuals use as authority over others to achieve an objective. The action also provides direction in a manner that makes an organization more coherent and cohesive. Three-Skill Approach This approach refers to three skills including human, technical, and conceptual, which form the fundamental personal skills required in leadership. Technical skills involve proficiency in and knowledge about some defined activities or work. It includes analytical ability,

Leadership Technical, interpersonal, and conceptual skills Interpersonal skills entail knowing how to interact with others. No employee desires to have a boss who is inconsiderate or rude or one who has poor human skills. All these could reduce productivity and employee morale. Managers with effective human skills tend to have subordinates who have positive attitudes and strong desires to increase productivity. Managers are always expected in any organization to have harmonious relationships