Level 5 Leadership? Level 5 Book Report

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Level 5 leadership is not enough

Company vision must be clear

Must be a belief in the future ( POW "Stockdale Paradox")

Change is often slow and incremental ("Flywheel")

Simplicity of direction and goals (hedgehogs, not foxes)

Judicious but forward-thinking use of new technology

Discipline

Level 5 leaders have tremendous personal will combined with a lack of personal self-serving egotism

Abbot Labs: ending nepotism, by company insider and family heir George Cain. R

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isky, radical move but resulted in Abbot outperforming Merck and Pfizer

Cork Walgreen turning the modern Walgreen's into a pharmacy rather than a general store/soda shop

These leaders made necessary decisions and risked their personal popularity for the sake of their companies

Level 5 leadership is difficult to embody: Difficult to change a person's character

Selflessness seems, in many ways, innate in these leaders

Many had personal turning-points before becoming Level 5, such.....

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