Archive for the ‘leaders’ Category

Thursday Thoughts: The 10 qualities of a true leader

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People often ask me to share the secret to successful leadership – the one magical thing that propels people to positions of responsibility and respect.

But there is no “secret” and there is no one thing I can impart. The truth is the recipe for true leadership is a complex blend of qualities that shift in importance with time and circumstances. This is not an easy answer, but then leadership is not easy, is it?

Here, in no particular order of importance, are the 10 qualities I believe every leader must understand, cling to and put to practice.

It’s a list I reflect on often myself. I hope you will too.

  1. A desire to be recognized, and a commitment to achieving that recognition through unfailing honesty
  2. Resilience: the capacity to overcome setbacks, adversity, rejection quickly – and with grace
  3. An awareness that the extremes of your personality will be the drivers of your success (but may also be talked about at company parties!)
  4. A boundless willingness to work hard – not only to achieve your personal goals, but to inspire tenacity in those around you
  5. An ability to alternately employ passion and common sense to solve problems.
  6. The confidence to rise above fear of strong colleagues. Famed marketer Guy Kawasaki said, “A players surround themselves with A+ players – it’s the only way to get where you want to go.”
  7. A willingness to make unrecognized sacrifices for those you lead. It is often the smallest kindness or most private act of generosity that has the biggest impact.
  8. A passion to succeed that is matched only by a desire to see those who work for you succeed
  9. An ability to recognize that you are unfinished work that can be constantly improved upon by learning
  10. An abiding sense of humility that keeps you down to earth no matter how far you rise

As you think about your career – indeed, your life – ask yourself which of these qualities you might work more diligently to cultivate. Your progress toward leadership will accelerate to the extent you answer with honesty and conviction.


Thursday Thoughts: Want to lead? Be prepared to take the bad with the good

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That sounds obvious, doesn’t it? And, theoretically, it is. But in the real world of real estate management things don’t always work out that way.

Have you ever worked for a manger that couldn’t make a decision? Or, when presented with a failure, sought to deflect responsibility?

There is nothing more unsettling to agents and employees than being under the command of a manager who shows a lack of commitment in his or her responsibility as a leader. Someone who wants the perks of leadership without the challenges.

These failed leaders don’t understand that it is better to make a bad decision than no decision; more admirable to accept responsibility than to avoid it.

In accepting responsibility for the Bay of Pigs fiasco – a military disaster of massive proportions – President Kennedy said, “Success has a thousand fathers; failure is an orphan.”

It’s true. But leaders accept the good with the bad.

Bob Moles has always said, “Show me a great leader and I will show you a successful office.” Realtors will choose to follow only those managers who demonstrate a desire to lead.

Such leaders may be as different from one another as agents are different from one another. They will not have every human virtue, nor will they possess a flawless character.

But they will be distinguished by their good judgment, sincerity, compassion, authority and courage. They have a human quality, a strong commitment to their cause – and to those they serve.

In the next issue of Thursday Thoughts on Leadership, we will examine the question: “How do you know if you Possess Sufficient Desire to be a Leader?”


Thursday Thoughts on Leadership: Measure leadership by those who follow you

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Every true leader understands the value in measuring the caliber of people in their organization. It doesn’t matter what kind of group or organization you are leading, or the size; the caliber of people you lead speaks volumes about you, your organization, and your direction.  As Dennis Peer put it, “One measure of leadership is the caliber of people who choose to follow you.”

There is a great relationship that is developed within a great organization, the leader motivates, and guides, but eventually the group matches the challenge and catches up, and now they push the leader forward so that the whole company can grow. Against that push, the leader must strive to find new objectives, new models and new goals in order to once again bring the organization forward in its development. The French diplomat Tallyerand, once said “I am more afraid of an army of 100 sheep led by a lion, than an army of 100 lions led by a sheep.”

At the 2007 NAR Conference & Expo Bob Moles and I were recognized and awarded the prestigious RISMedia National Home Ownership Award for “outstanding achievements among residential real estate’s most influential and charismatic leaders.”  Often, as President of Intero, I accept such awards, but these awards are truly achieved because of the team that I lead. The Intero team of agents, staff and management are the highest caliber in the business, and I have the privilege of leading them.

Soon, it will be time to turn the spotlight back on those who push me every day to be a better leader by once again recognizing the best within our group through the Intero Achievement Awards. Every year it is a nice benchmark for where we stand as a company and as individual members of the whole.

It has been demonstrated that people’s motivation to increase their productivity only increases when they have a challenging goal and receive feedback on their progress. The awards are a very public way to give that feedback. It lets us know if we are still climbing, and it lets me know how much more I need to do to meet the challenge.  As described above, the leader pulls the group forward, and the group rises to the challenge and pushes the leader to still greater achievements, the group’s momentum never stops.


Thursday Thoughts on Leadership: Recognition helps lead the way.

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In previous weeks, we have discussed how effective leaders can guide their organizations to success. A key leadership trait is the ability to inspire followership. The most effective leaders cannot simply create a shared vision and direction for the organization, leaders must develop a relationship with the people they inspire to follow them and then guide them. Following an effective leader, people accomplish and achieve more than they may ever have dreamed possible. One of the tools that the most effective leaders can employ to inspire people to follow them is recognition.

Like any trailblazer, a leader must leave tangible markers to ensure that those who follow are headed down the right path. Recognizing and publicly rewarding the most successful members of an organization accomplishes this. This can take many forms, from simple “thank yous”, and small prizes or certificates of accomplishments to monthly or yearly awards. A good leader never forgets to make other people feel important and appreciated. In order to accomplish this, the leader excels at creating opportunities to provide rewards, recognition and thanks to all members of the organization.

As Jim Kouzes and Barry Pozner write in their book, “The Leadership Challenge”, “Leaders are constantly on the lookout for ways to spread the psychological benefits of making people feel like winners, because winners contribute in important ways to the success of their projects. Leaders often serve as a mirror for the team. They reflect back to others what a job well done looks like, make certain that members of the team know that they have done well, and ensure that others in the organization are aware of the group’s effort and contributions”.

I first learned how powerful this was when I served as a Manager at Contempo Realty where our Chairman, Bob Moles, served as President and CEO. I can still recall that every time we gathered to recognize and reward the achievements of our top agents, Bob took the time to publicly acknowledge his managers, including me. Despite my own drive to be the best I could be, that type of recognition inspired me to go above and beyond my own expectations.

A study of the winningest high school and college athletic coaches reveals that they pay great attention to providing real-time feedback on their players’ performance and will, as appropriate, recognize and reward outstanding contributions.

But what of those that do not achieve that success. The answer is simple, don’t reward them. You cannot minimize the achievements of the superstars by recognizing those that just do enough to get by. To do so undermines the leader’s credibility and that of the role of recognition for outstanding achievement in your organization.

Besides the many other things that we do here at Intero to recognize achievement, we send an email out every week titled “Intero’s Top Weekly.” It lists the top producers in our organization for a given week. In an organization as large as Intero, it serves to publicly acknowledge and thank those individuals who have done the most to push forward the goals and the success of the organization. I often find that the individuals who make it on those lists are not typically the kind who would boast or trumpet their own successes, but private rewards do little to set an example.

Each week, at the bottom of each email, I include the phrase, “Grow for it! This is in recognition of everyone else who has contributed to the success of the organization and a reminder that we can all strive to achieve the status of top producer.


Thursday’s Thoughts on Leadership: High Expectations Lead to High Performance

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Leaders know high expectations lead to high performance. Leaders know that the more people believe in themselves, and their leaders believe in them, the more they will accomplish – at all levels. To ensure that people achieve their best, leaders have to take steps to bring forth the best from others. The first step is setting an expectation of high standards, which then becomes a self-fulfilling prophecy. Successful leaders have high expectations, both of themselves and of their charges. It is amazing to see how people react when high expectations are placed on them. If we expect them to succeed, they probably will.

Bob Moles, who has always played a large role in my professional development and success, has always driven me by expecting my absolute best. He expected me to succeed. Where his expectations aligned with my determination and my performance, success followed. Those expectations became my own standard of success and thus they became my own expectations.

I used that as a foundation to set high expectations for everyone at Intero based on the expectations I have of myself. Leaders have to show the way. They cannot point in a direction and ask you to go, they have to take the first steps and ask you to follow. A leaders’ expectations are credible only if they are a reflection of their own record of achievement and dedication, and daily demonstrations of what and how things need to be done.

Leaders recognize the impact of self-fulfilling prophecies. Leaders treat people in a way that bolsters their self confidence, making it possible to achieve more than they may have initially believed possible of themselves.  The German writer Goethe, once penned the line, “Treat a man as he is, he will remain so. Treat a man the way he can be and ought to be, and he will become as he can be and should be.” Success starts with leaders with the vision to set high expectations, it is reached by individuals with the drive to prepare and work hard enough to reach them.


Thursday Thoughts on Leadership: To Lead is to Serve

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As we enter into the heart of the holiday season and we are surrounded by reminders of the spirit of giving, we should not forget what that implies; namely, that there are so many in need.

At Intero, we have always strived to create a different kind of real estate company – a company that focused on more than corporate profits and selling houses, one that endeavors to create an atmosphere that allows its people to continuously grow personally and professionally.

A center point of that philosophy is the Intero Foundation. We understand the universal law that you “must give in order to receive.”  And by that we mean contributing to our communities. One of our core values is commitment, and we therefore take great pride in belonging to a company in which everyone is encouraged to donate to the Intero Foundation. We earn our living by serving our community and this gives us an opportunity to give back to them.

As a company and as individuals participation in the Intero Foundation allows us all to serve the communities we live and work in. It also serves as a foundation of leadership. In his book The Other Side of Leadership, Eugene B. Hacker writes, “The true leader serves. Serves people. Serves their best interests, and in doing so will not always be popular, may not always impress. But because true leaders are motivated by loving concern, than a desire for personal glory, they are willing to pay the price.”

As we give without expecting to receive – be amazed how the universe will reward your generosity.


Thursday Thoughts on Leadership: Creating a Company of Leaders

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As we head into the New Year; full of promise despite these challenging times, I look forward to sharing with you, each Thursday some weekly leadership thoughts. Ralph Nader once said, “I start with the premise that the function of leadership is to produce more leaders, not more followers.” At Intero, we strive to embrace this concept. It is always with great pride that we share with all of you, the remarkable growth and pre-eminent position Intero has achieved since it was established in 2002. Central to that success has been our principal of empowering people, more specifically, our agents, employees and customers.

A quick peek at our website to read the bios of our Executive Leadership demonstrates a well rounded and dynamic class of leaders from the Chairman to our Managing Officers. Just because these men and women hold titles that are associated with leadership, that does not prevent each member of the Intero family from becoming a strong and effective leader in their own right.

At Intero, we are blessed with incredible leaders, recognized around the country and in fact the world, for their expertise and accomplishments in the Real Estate industry, but our true strength is in the leadership exhibited by each of our agents.

The truth is that at each client visit, as you sit across the table from your prospective client, you are the face of the organization. You are in charge. The success of the organization lies in the result of those individual meetings. Our market share is an impressive number but it is only impressive because it is built on the very real victories realized by each one of you one client at a time.

Your presence and participation at conferences and training events locally, regionally and even nationally allow each of you the opportunity to represent Intero. It brings to life the ideals of continual forward thought, always investing in the future, and always looking for innovative opportunities that make it possible for Intero to grow.

Thousands of times over each year, you are leading Intero.

If you embrace this principal, that each of you can be a leader, you will find within yourself a greater desire to succeed and to perform at a higher level because you represent something larger than yourself. My hope is that each of you has your most successful year ever in 2010. Strive to make it so and recognize yourself as a leader in this company; a company of leaders.