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Booz CEO’s calculated risks

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in Best-Practices Leadership,Leaders & Managers,Management Training

Shumeet Banerji, chief of the reformulated consulting firm Booz & Co., recently shared some thoughts about success with business students at the University of Pennsylvania.

On risk-taking: Banerji calls his career a series of accidents, all of them large, risky and entrepreneurial. A willingness to take risks exposes you to potential failure but also to markedly greater rewards. He takes on something new and big about every three years.

On influence:
Refusing to compromise on questions of integrity, Banerji says, helps you influence employees, which is far more powerful than trying to dictate to them.

On teamwork:
“I don’t believe that leadership is innate, and neither does the firm,” he says. “We believe it can be learned. You need to be conscious about what you do well and what you do not do well, and then surround yourself with leaders who are good at that.

Leadership is very much a team sport.”

— Adapted from “Interview with Shumeet Banerji, CEO, Booz & Co.,” Monica Gupta, Wharton Journal.

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