Here are a few actions Summers could have taken to shore up his standing:
- Show integrity. Candor, transparency— whatever you want to call it—is much more important than tact (although that’s nice, too).
At a faculty meeting, Summers appeared evasive when asked about a friend and fellow economist whose program in Russia ended in scandal. Trust is the basis for all . A leader will find ways to acknowledge problems and ask followers for their help in making things better.
- Pay attention to all stakeholders, not just those in booming departments. That means listening and not talking down to people. Both faculty and students (Summers’ employees and customers) want to be consulted on decisions that affect them.
- Build social capital in every department, piling up the widespread support to accomplish reforms. By questioning the capacity of women scientists, Summers lost a huge chunk of his constituency. If he had honored them instead, he could have gone about building consensus, developing a collective vision and putting together a fair process for making important decisions. No change agent can succeed without good will.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/7362/post-mortem-on-a-failed-presidency "