Posts Tagged ‘CEO’

Thoughts on Leadership: Learning from other leaders

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Last week, I attended a three-day meeting in Chicago with a CEO think tank group called Trendsetters, a network of real estate company owners who share their best ideas and advice with each other, as well as financials and discussion of changes in the business.

The Trendsetters strategy group meets twice a year and provides a wonderful opportunity to share ideas, brainstorm, and discuss trends with the heads of other brokerage firms. Topics for discussion included new tactics for improving revenues, effective recruiting in this market, improving productivity and the changing role of management.

Michael Golden and Thaddeus Wong from @Properties hosted this past meeting. I left with further insight about what I need to do as a leader.

Members of the group include 10 leaders from brokerage firms all around the U.S. The group’s executive director is Steve Murray of REAL Trends in Denver. Each leader noted that the Trendsetters meeting is something that they can’t do with direct competitors in their respective markets.

What exactly are these meetings like? Imagine getting confidential input and advice from other business leaders when you face a difficult decision. Imagine an open forum to discuss professional and personal goals. Imagine a group of peers who will not only support you but also hold you accountable to the commitments you make.

This illuminating think tank does just that. Every head of each brokerage firm is given uninterrupted time to focus and shed light on strategic issues that are vital to their company’s future. This small group of business peers offers diverse perspectives to support you in achieving goals. Taking part in the peer review critique twice a year has made me realize that we all share similar issues, similar leadership items to work on.

After three days, I walk away with creative business solutions, a stimulating community of peers, comradery and friendships, business and life strategies.

Throughout my real estate career, I’ve realized that what I learn from other leaders – such as my friend, mentor and business partner, Bob Moles, Chairman of Intero Real Estate Services – is what has had the biggest impact. I’ve learned a great deal of leadership skills from Bob and value his advice. This realization is why I became a member of the Trendsetters group. Networking and sharing with other leaders provides the kind of learning I just can’t get anywhere else.

You can use this same concept in your own leadership pursuits. Stop and think about what you can improve in your business. Who are the peers that you can meet with to discuss your success and struggles? Remember, the advice and information you receive from others can help the development of your own personal business and career and help you to become a more successful leader.


Thursday Thoughts: Crises and the Practice of Leadership

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“People with passion find a way to get things done and to make things happen, in spite of the obstacles and challenges that get in the way.”  
                                                                                                                 -Steve Jobs

After you spend some time leading a company or team, you inevitably encounter a crisis. How you deal with that crisis as a leader ends up mattering more than the crisis itself.

On June 24, the consumer technology industry’s darling, Apple Inc., found itself wrapped up in a publicity nightmare. Many of the consumers who’d bought the latest iPhone 4 were reporting reception issues, and evidence showed that a defective antennae was causing dropped calls and poor connections when held a certain way.

The issues were more than a big deal partly because of all the fanfare leading up to the iPhone 4 release. When the long-anticipated iPhone 4 was announced in early June, Apple said it was the biggest leap they had taken with the product since the original iPhone shipped three years ago. The company sold more than 3 million iPhone 4s in the first 22 days on the market.

The negative press regarding the defective antennae continued to pile on, causing Apple CEO Steve Jobs to abruptly end his Hawaii vacation to address the issue in a rush press conference.

Apple handled some things inadequately during this calamity, but eventually ended up doing the right thing. Here are five leadership qualities Steve Jobs used to get through this crisis that we can all learn from:

  • Strive to educate. In his press conference, Jobs focused more on the larger issues of the smartphones rather than the signal deprivation. He wanted to combine his learning with action and impel the public to seek greater understanding of the product.
  • Maintain constant communication. As this whole debacle transpired, Jobs’ main goal was to show that communication is the real work of leadership.
  • Become a problem solver. Apple did not choose to simply forget about this issue and not deal with it. Instead, company officials dealt with the situation head on and extended support to their customers.
  • Don’t be afraid to show your vulnerability. Jobs began his press conference by admitting the company is not perfect. In doing this and explaining that Apple does have faults, he showed he was strong enough to care.
  • An apology is a powerful way to make things better. At one point, Jobs offered a pure apology. His forgiveness does not change the past, but it will enlarge the future.

The clear lesson here is that it is only in the practice of leadership that we influence our world. Rather than view the iPhone 4 problems as a setback, Jobs saw it as a healthy, inevitable part of becoming a successful company.

As American football coach Lou Holtz once said, “Ability is what you’re capable of doing. Motivation determines what you do. Attitude determines how well you do it.”

Steve Jobs exemplified just that. Without his passion and leadership to get through the crisis, the public would not have believed in his ability to resolve the iPhone 4 antennae situation.

As you think about your career and obstacles you face, remember that Steve Jobs believes, “Passion rules! Passion is about our emotional energy and a love for what we do. Without passion it becomes difficult to fight back in the face of obstacles and difficulties.”

The next time you face a crisis, let your passion kick in and guide your leadership decisions.