In 2002, Verne Harnish published his book “Mastering the Rockefeller Habits.” At the time, I was transitioning from “mega-project” management into business management and this book made a huge impact on how I run a business.
I never thought too much about it at the time but now as I reflect on how I have led organizations (businesses and not-for-profits), I constantly leverage all of the ten Rockefeller habits that Harnish outlines in his book.
I find it interesting that the organizations that “bought into” the “Rockefeller system” with me performed well over time even though we may have experienced some tough periods in the market. Conversely, the organizations that just could not get aligned around the system, were not able to experience the same levels of success.
So, what are these intriguing habits?
Effective leadership can make or break your business. Are you an effective leader?
A few months ago, I wrote a post entitled “Are You an Effective Leader and Why You Should Care” Since that post, one of my Mastermind groups discussed each of the 23 aspects of leadership outlined in this post. This discussion revealed some very valuable nuggets of information! I took a lot of notes during these discussions and the key points I captured are shown below:
Mastermind Discussion on the 23 Elements of Leadership
We have all heard it said that people are the most important asset your business has. In fact, it is said so much that now we have become somewhat numb to it!
Do we really believe this? Are people truly the key to your organization’s success? What about innovation or leadership or cashflow or customers?
According to Tom Peters in The Excellence Dividend there are seven steps to sustaining success. These seven steps start with taking care of your employees. If you can take care of them and treat them with excellence, they will address all the other components of an excellent business!
There are people who shy away from challenges and then there are people who are energized by attacking challenges and “defeating” them!
There are pros and cons to both approaches. However, I am not aware of any great accomplishment or breakthrough ever happening because someone was running away from a challenge!
All major technology, medical, literary, artistic, or other societal impacting breakthrough has happened because someone identified a challenge, took it on, and solved it!
I was reminded of this by my grandson Jett. He is going through a phase where scaring him does not result in him running away. Rather, he turns towards the “threat” and runs directly at it. He is challenging the threat!
This does not mean that he is always successful in “defeating” the threat. In fact, most of the time he fails . . . but this does not deter him or keep him from trying again!
And, as business leaders, this is what we all should be doing!
Things You Can Count On By Taking on Challenges
The effectiveness of your leadership determines your level of success in all of your endeavors. It doesn’t matter how much money you have, who your parents are, what your education is, or who you know. You will only go as far as your leadership ability is capable of taking you!
If you don’t believe this, just ask the litany of leaders who have failed publicly over the last number of years. People like Martin Shkreli (Turing Pharmaceuticals), Elizabeth Holmes (Theranos), Martin Winterkorn (VW), or Sepp Blatter and Michel Platini (FIFA).
Your Leadership Ability is the Lid on Your Success
Leadership ability is the lid on your success. If you increase your leadership ability, you effectively raise the level of your success!
Back in the late 1990’s when I started to actively lead large teams I realized that I needed as much leadership help as possible. Fortunately, I met many great leaders who actively mentored me as my career developed.
I also discovered other leaders like John C. Maxwell who provides amazing leadership resources like his book “The 21 Irrefutable Laws of Leadership.”
Although I first read this book in the late 90’s, this collection of profound leadership wisdom continues to provide me great insight and guidance to this day! I have never met Mr. Maxwell but I consider him to be an important mentor who has made a huge impact on my life!
Following his 21 irrefutable leadership laws will profoundly impact your leadership abilities! I have outlined each of these laws below.