The two components are 1) Professional Will and 2) Personal Humility
Personal Will – Looks in the mirror not out of the window to apportion responsibility for poor results never blaming other people , external factors or bad luck
Personal Humility – Looks out the window not in the mirror to apportion credit for the success of the company – to other people , external factors and good luck
Adopted from Jim Collins’s book Good To Great
Level 5 leaders look out of the window to apportion credit to factors outside themselves when things go well , if they cannot find a specific person to give credit to , they credit good luck.
At the same time , they look in the mirror to apportion responsibility never blaming bad luck when things go poorly.
Adopted from Jim Collins’s book Good To Great
Adopted from Jim Collins’s book Good to Great
Ten out of eleven good to great CEO’s cited in the book came from inside the company and took the company to great heights.The comparison companies who failed turned to outsiders with six times greater frequency yet failed to produce sustained great results.
This expodes an important myth on leadership
“Level 5 leaders are fanatically driven infected with an incurable need to produce results.They will sell the mills or fire their brother if that is what takes to make the company great”
Adopted from Jim Collins’s book Good to Great