It is a delicate matter to find the balance between demanding that your people perform at their best and not instilling in them the fear of failure.
We must instill in our people a fail fast and learn faster mentality.
Just finished reading The Ride of a Lifetime by @RobertIger.
Incredible life and work advice from his perspective on @Disney distilled into 250+ pages.
Here's a thread of my top 10 takeaways:
It is a delicate matter to find the balance between demanding that your people perform at their best and not instilling in them the fear of failure.
We must instill in our people a fail fast and learn faster mentality.
At work and in life, you will earn the respect and trust of the people around you if you sincerely acknowledge your mistakes.
There's nothing bad in being wrong, but an error becomes a mistake unless you refuse to correct it.
Be aware of what you don't know and trust what you do.
There is nothing that inspires less confidence than a person who pretends to know something they don't. True leadership and authority come from knowing who you are and not pretending to be someone you are not.
We all like to believe that we are indispensable. You have to be realistic enough not to cling to the idea that you are the only person who can do the job.
Great leadership is not about being indispensable, but about helping others to be ready to take your place.
Don't let your ego stop you from making the best decision possible.
Ego is about who's right. Truth is about what's right.
Surround yourself with people who are good as well as being good at what they do.
Never underestimate the power of a group of people working towards a shared vision.
In any negotiation, there is no short-term advantage worth the loss of confidence that occurs in the long term, when you lose the expectations that you initially created.
Promise on what you can deliver extraordinarily.
Hold on to that awareness of yourself, even if the world tells you how powerful and important you are.
The moment you start to believe it too much, the moment you look in the mirror and see a title inscribed on your forehead, you will have lost your way.
More from Business
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This isn't just PR - bad politics is bad for business. Here, the Harvard Business Review makes the business case for democracy (leading essay by
Historically, business has been a crucial ally for democracy. Mark Mizruchi shows how business helped secure democracy after WII, through organizations like the Committee for Economic Development (see also his @NiskanenCenter paper: https://t.co/xoqUUN1nCD)
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My book examines how business groups formed to lobby against patronage and corruption, and in favor of institutional reform, in the 19th c. (https://t.co/FnNhZUupBG)
For a summary of business’s role in American democracy over the 20th century, see
Today, corporations are cutting off PAC $$ — Wall St banks (JPMorgan Chase, Goldman Sachs, CitiGroup), big tech (Microsoft, Facebook). Many more corps have suspended donations to members of Congress who contested the certification of election results last week
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1/
This isn't just PR - bad politics is bad for business. Here, the Harvard Business Review makes the business case for democracy (leading essay by
Historically, business has been a crucial ally for democracy. Mark Mizruchi shows how business helped secure democracy after WII, through organizations like the Committee for Economic Development (see also his @NiskanenCenter paper: https://t.co/xoqUUN1nCD)
3/
My book examines how business groups formed to lobby against patronage and corruption, and in favor of institutional reform, in the 19th c. (https://t.co/FnNhZUupBG)
For a summary of business’s role in American democracy over the 20th century, see
Today, corporations are cutting off PAC $$ — Wall St banks (JPMorgan Chase, Goldman Sachs, CitiGroup), big tech (Microsoft, Facebook). Many more corps have suspended donations to members of Congress who contested the certification of election results last week
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This is a GREAT argument to pull up when talking to people about minimum wage. Some others nested below
A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.
Raising minimum wage helps things not directly related.
Helps Infant mortality? Yup.
Lowers Suicide? Yup.
Reduce smoking rates? You bet.
It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!
Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.
"it doesn't affect me if companies pay low wages"
— Dan Price (@DanPriceSeattle) February 11, 2021
In reality, you're paying for it. Over 50% of people on food stamps are actively working. The leading employers are Walmart, McDonald's and Amazon.
As taxpayers, you're subsidizing corporations to pay literal poverty wages.
A large number of new jobs being created are minimum to low wage, so looking for a new job generally won’t increase pay.
Raising minimum wage helps things not directly related.
Helps Infant mortality? Yup.
Lowers Suicide? Yup.
Reduce smoking rates? You bet.
It also boosts the local economy! Minimum to low wage earners spend more % of their money, so an increase means more is spent, often in community!
Low paying jobs are often in sectors which would gain from this. More people spending money in your shop makes your business more money! Now you have more profits and increased labor costs are covered.
