In 2004, Lego was losing roughly $1 million a day. The once-legendary Danish toy maker was on the brink of collapse. It hired a new CEO, Jorgen Vig Knudstorp, who quickly drew two conclusions: The company needed to cut costs dramatically and start delivering products that customers actually wanted.
Don’t just be a boss — be a leader. Maximize your leadership skills in the five most crucial areas: decision making, executive coaching, leadership training, strategic management and understanding your leadership style.
Situational leadership changes depending on the type of leadership (direction and support) each of your employee’s needs. Emotional leadership is based more on the theory of emotional intelligences and relates to the situation at hand.
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For years, Chris McCormack viewed Mike Tyson as a better boxer than Muhammad Ali. McCormack is a triathlete, two-time winner of the Ironman World Championship and a boxing fan. She admired Tyson’s savage force in the ring. But McCormack reassessed her opinion after a friend urged her to study Ali’s career.
David Novak learned an important lesson from John Calipari, a top college basketball coach. Novak is the chairman and CEO of Yum! Brands and Calipari is University of Kentucky’s head coach.
Lynn Tilton, founder of Patriarch Partners, runs about 75 companies with total annual revenue of $8 billion. She’s a rare breed: a self-made female billionaire. Tilton, 55, didn’t rise to the top by holding back. She has no trouble asserting herself among high-powered men.