For CEOs, personal development is not a luxury, it’s a necessity – not only to make the company better, but to make themselves better.
Late one Sunday night, Ron sat in his study ruminating on the upcoming week. The board was meeting on Wednesday, and Ron knew that some directors’ private questions about his leadership were getting louder. Soon the company was to announce a third straight quarter of stagnant earnings. Ron was starting to wonder if he had the right team—and the right strategy—to compete in an intensely competitive industry. Maybe the Peter Principle was real. Had he finally reached his level of incompetence?
To relax, Ron put on his headphones and set his iPhone to shuffle. As he sat back, the gentle opening guitar riff from Stairway to Heaven started to play. This song always brought him back to his youth, when life seemed simpler. Suddenly, Ron’s reminiscing was interrupted by Robert Plant: Yes, there are two paths you can go by/But in the long run/There’s still time to change the road you’re on.
As Ron reflected over his career, he noted that leaders usually achieved the best outcomes when they were temperamentally suited for their role, had earned their colleagues’ and customers’ trust, and worked in an organization—and industry—where their skills were most valued. He pulled out his notebook and began to jot down the themes into a process flow diagram…
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