Intellectual honesty • The capability of a leader is to adapt to new realities
• The capability of a leader is to adapt to new realities.
• Strategic leaders are not bound to strategies, products or processes of the past.
• Leaders are not afraid to break free of their comfort zone and recognize that times have changed and that the competitive advantage of “the way we have always done it” or “our best product” is now obsolete.
• Kodak’s inability to adapt to the digital age is one notorious example of lack of intellectual honesty.
Accountability, which Finkelstein describes as “the capability of motivating teams to deliver world-class results.”
• Motivation requires more than accountability, however leaders who prove themselves accountable ,who are willing to put on themselves the responsibility for achieving the best results and are those who will motivate others to do likewise.
• Employees in the organization are not working because that is what they are paid to do, they are driven by accountability ensuring that the end results are achieved.
• The ability to understand why we make the decisions we make.
• People are subject to biases that influence how they make decisions and respond to problems and those who are self-aware of who they are will be less likely to fall into the traps generated by these biases.
• Captain Chesley Sullenberger, who famously landed a passenger jet on the Hudson River, continuously responded to the changing set of circumstances before him without ever thinking of what was theoretically not possible.
• Strategic leaders recognize talent, attract talented people to their teams, and develop this talent and build not only a leadership pool for their own organizations , often forming leaders that go on to become leaders in their own right.
• Lorne Michaels of Saturday Night Live and Jack Welch of GE are two leaders whose many subordinates have become leaders in their fields.