Tuesday, September 23, 2008

The Key Issue Facing Business is ...

Leadership.

Fannie Mae, Freddie Mac, Lehman Brothers, Morgan Stanley, AIG and others have dominated the news over the past several weeks. Unfortunately, it wasn’t just the CEO’s who failed these and the other organizations who are struggling or going under in our current economic situation.  Leaders at all levels failed all of the stakeholders; customers, employees, shareholders, etc.

I’ve spoken to many groups about the 3C’s of leadership. Character plus Conduct equals a Consequence. I wasn’t always the greatest math student growing up, but remember this basic rule; two negatives equals a negative, and two positives equals a positive. So what is going on in American business?

Leaders at all levels are not remembering this basic mathematical equation. If leaders don’t keep their character and conduct aligned and positive there are untold consequences to be faced. The issues facing the failing companies are not national secrets. It wasn’t just the CEO who knew what was going on. Leaders at all levels had to have been aware to some degree. Where has all the leadership gone in our country.

My challenge for you today is to look within yourself and your organization. Does your character and conduct align. What little thing(s) are you overlooking, turning a blind eye to, or just flat out ignoring that could be, and should be done right or better? Fix it. There is incredible inspiration that comes from making a decision, even a tough one. Employees will respect you and it will help build an unwavering loyalty.

What action will you take today?

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