Leaders to Leader

Lessons from the Great American Leaders & How They Apply Now

Posts Tagged ‘preparation

Does Luck Play a Role in a Leader’s Success?

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Andrew Carnegie

Andrew Carnegie

It is often easy to attribute the success of great and influential leaders to pure luck. Undoubtedly, some turned out to be the right person in the right place at the right time. However, they also had to have the right skills and abilities to build on the opportunities presented to them.

“[Andrew] Carnegie (Carnegie Steel) was well aware that his success was in large part the result of being in the right place at the right time. Obviously, he had business and personal skills to help carry him, but Carnegie was introduced to the right industry (telegraph), where he met the right businessmen, who then introduced him to investing and the steel industry.

And this just wasn’t the steel industry that we see today. It was the steel industry in the times of America’s expansion west. Hundreds of thousands of railroad miles, a majority made from Carnegie steel.” [1]

P.T. Barnum (Ringling Brothers & Barnum Circus) noted, “There is no such thing in the world as luck. There never was a man who could go out in the morning and find a purse full of gold in the street today, and another tomorrow, and so on, day after day: He may do so once in his life; but so far as mere luck is concerned, he is as liable to lose it as to find it.

‘Like causes produce like effects.’ If a man adopts the proper methods to be successful, ‘luck’ will not prevent him. If he does not succeed, there are reasons for it, although, perhaps, he may not be able to see them.” [2]

While luck and happenstance do play varying roles, success is more attributable to creativity, hard work, foresight and preparation. Take the example of James J. Hill (Great Northern Railway) where “part of the notable accomplishment of Hill and his associates lay in simple luck…

But more important were Hill’s talents: his remarkable mastery over every detail of what was now a far-flung operation, his vision of the inevitable triumph of transcontinental through-carriers, his insufferable iron will and work ethic, and his recruitment of an able coterie of men…” [3]

Ray Kroc (McDonald’s) observed, “‘Luck is a dividend of sweat. The more you sweat, the luckier you get.’ Despite all his hard work, Kroc was not always a lucky man.

From his early days in starting up McDonald’s to even after the chain was a well-established global presence, Kroc experienced his fair share of failures. He was not immune to disappointment; what set Kroc apart from his competitors, however, was how he learned from his failures and bounced back.” [4]

For Milton Hershey (Hershey Foods), “success was not simply a matter of luck. Having learned from his past failures, he had become a shrewd and astute businessman.” [5]

The skills and characteristics the great and influential leaders employed enabled them to identify and maximize the opportunities that presented themselves. These individuals may have been lucky in being at the right place at the right time, but far more was required to capitalize upon available opportunities, which were presented to them. Many others at the same time were presented with similar opportunities.

Yet they failed to achieve similar levels of success. This was because they didn’t possess the same skills, competencies and knowledge to understand what was needed to grasp the significance of the opportunities, and the actions and practices to maximize them.

Related:

  1. Leaders Possess an Absolute Love for What They Do
  2. Did You Ever Want to Just Give Up and Quit?
  3. Do You Believe in Yourself?

References:

  1. Begley Jonathan, Book Review: Andrew Carnegie by David Nasaw (http://jonathanbegley.wordpress.com, January 5, 2010
  2. Barnum P.T., Money Getting or Golden Rules for Making Money (Self-Published)
  3. Michael P. Malone, James J. Hill – Empire Builder of the Northwest (University of Oklahoma Press – Norman 1996) p. 150
  4. Use Failure as a Catalyst for Success (greatmanagement.org, February 12, 2009)
  5. Milton S. Hershey (www.ideafinder.com)

Excerpt: Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It (Majorium Business Press, Stevens Point, WI 2011) Read a Free Chapter

Timothy F. Bednarz, Ph.D. | Author | Publisher | Majorium Business Press
Author of Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It (Finalist – 2011 Foreword Reviews‘ Book of the Year)
Linkedin | Facebook | Twitter | Web| Blog | Catalog |800.654.4935 | 715.342.1018

Copyright © 2012 Timothy F. Bednarz, All Rights Reserved

Written by Timothy F. Bednarz, Ph.D.

December 13, 2012 at 10:26 am

The Art of Becoming a Leader

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Managers who lead seek out opportunities, evaluate their potential and take decisive action to either pursue them or not. In order to involve employees in the process and instill a sense of unified, collective effort, managers depend upon their personally consistent, determined and trustworthy leadership styles.

Leadership styles should not be confused with attitudes. Some managers adhere to restrictive and bureaucratic styles to compel employees to produce results. They are unable to tolerate failure and mistakes. The resulting attitudes they display suggest that they believe no one else in the work environment is as important, indispensable and powerful as they are.

Managers as leaders work with and through their employees. They use their leadership skills to identify opportunities and motivate their department or unit members to achieve increased results through appropriate and decisive action.

Related: Four Primary Leadership Roles and Responsibilities

All leaders tend to develop their own individual, comfortable ways of getting things done. Some managers believe their styles reflect how they personally act and respond, when in fact they are simply based on how they prefer to function within roles, assignments and responsibilities. Though leadership styles vary, all have specific elements that ultimately define success or the lack thereof.

This is important for managers desiring to become effective leaders. Successful leaders employ a results-oriented style that both motivates individual employees to stretch their abilities and communicates a passion for the accomplishment of their vision. More importantly, effective styles incorporate specific elements to ensure leadership success.

Managers who desire to become effective organizational leaders need to develop comfortable individualized styles for achieving results and actualizing their visions. This includes:

Related: The Person in Charge Must Be Concerned About the Details

Being Continually Prepared

Most organizations are experiencing rapid changes due to the thrust of technology and volatile market conditions. Traditional supervising managers often tend to wait for events to occur and conditions to change before taking action. Consequently they are always a step or two removed from being on top of things and taking control of situations. This results in an ongoing series of reactionary moves and positioning strategies.

Leaders, on the other hand, make it a point to anticipate trends and economic conditions and are always prepared to make a move once they sense the timing is right. They are prepared to take the necessary steps to address challenges head on, and have defined specific ways to meet them. They don’t wait for conditions to improve or opportunities to open up before they begin to pursue their course.

Related: Formulating Questions as a Source of Continuous Improvement

Continually Acquiring Knowledge

Managers who lead understand the need for continuous learning and the ongoing search for professional knowledge. They know that knowledge combined with expertise turns risks into acceptable opportunities.

While many people tend to judge managers’ actions as peril-ridden and hazardous, in reality most are averse to risk taking. They take great care to explore all opportunities and carefully analyze and calculate all involved risk factors. Leaders only move when they know the risks involved are minimized, and that the odds of obtaining positive outcomes are in their favor. What appears to be venturesome behavior is actually decisive action, as they only act on their evaluations and analysis after they have reviewed all the facts.

Related: Use These Seven Strategies to Respond to Change

Seeking Out All Available Opportunities

Opportunities can take different forms, not all of which are obvious or readily observable. Careful tracking of industry and economic trends produces indicators of future behavior that may present lucrative openings. Always on the alert for subtle opportunities, they make it a point to anticipate, prepare for, and take advantage of each one when the time is right.

Using Appropriate Timing Factors

Managers are decisive in their actions—not rash. Before specific actions are taken, great care is taken to observe trends and opportunities and weigh them to determine appropriate and effective timing factors. If mistakes are made in timing, judgments are generally not far off. This is an important element in market-sensitive, volatile times.

Making Hard Choices

Managers understand that opportunity is often accompanied by difficult choices. Rapid changes in market or customer conditions may require them to make choices that directly shift focus and resources to more profitable departmental pursuits and away from certain activities or existing methods that produce languishing or diminishing results or profitability.

Related: The Sheer Power of a Leader’s Personal Determination

Developing Persuasive Ambition

Managers who lead have an inexhaustible drive that allows them to take control of situations and events in order to make things happen. Their ambition is limited only by their vision of the things that can be accomplished and how they can go about achieving them. Their foresight is not viewed from a personal standpoint, but is based upon overall cooperative employee effort. Managers are always looking for ways to motivate and make things happen through persuasive, determined and passionate leadership.

Sharpening Intuition

Leaders develop a heightened sense of intuition that assists them in identifying trends and opportunities. Their intuition is fine-tuned through personal experiences and by learning from the successes and failures of others.

Related: “Leaders Should Set a Clear and Decisive Tone at the Top”

Being Decisive

Action-oriented by nature, managers who lead are proactive rather than reactive. Neither rash nor indiscriminate, they use objective facts, input, and evaluative processes as well as their intuition to spot trends and possible opportunities. Once they determine that the odds of obtaining positive results from specific opportunities are in their favor, they take immediate action to pursue them.

Excerpt: Leadership: Pinpoint Management Skill Development Training Series (Majorium Business Press, Stevens Point, WI 2011) $ 16.95 USD

If you are seeking proven expertise and best practices effective leadership practices to train or educate your employees to solve problems and improve their performance in this area, refer to Leadership: Pinpoint Management Skill Development Training Series.Click here to learn more.

Timothy F. Bednarz, Ph.D. | Author | Publisher | Majorium Business Press
Author of Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It (Finalist – 2011 Foreward Reviews‘ Book of the Year)
Linkedin | Facebook | Twitter | Web | Blog | Catalog | 800.654.4935 | 715.342.1018

Copyright © 2012 Timothy F. Bednarz, All Rights Reserved

What Does Luck Have to Do With It?

with 4 comments

Andrew Carnegie

It is often easy to attribute the success of great and influential leaders to pure luck. Undoubtedly, some turned out to be the right person in the right place at the right time. However, they also had to have the right skills and abilities to build on the opportunities presented to them.

“[Andrew] Carnegie (Carnegie Steel) was well aware that his success was in large part the result of being in the right place at the right time. Obviously, he had business and personal skills to help carry him, but Carnegie was introduced to the right industry (telegraph), where he met the right businessmen, who then introduced him to investing and the steel industry. And this just wasn’t the steel industry that we see today. It was the steel industry in the times of America’s expansion west. Hundreds of thousands of railroad miles, a majority made from Carnegie steel.” [1]

P.T. Barnum (Ringling Brothers & Barnum Circus) noted, “There is no such thing in the world as luck. There never was a man who could go out in the morning and find a purse full of gold in the street today, and another tomorrow, and so on, day after day: He may do so once in his life; but so far as mere luck is concerned, he is as liable to lose it as to find it. ‘Like causes produce like effects.’ If a man adopts the proper methods to be successful, ‘luck’ will not prevent him. If he does not succeed, there are reasons for it, although, perhaps, he may not be able to see them.” [2]

While luck and happenstance do play varying roles, success is more attributable to creativity, hard work, foresight and preparation. Take the example of James J. Hill (Great Northern Railway) where “part of the notable accomplishment of Hill and his associates lay in simple luck… But more important were Hill’s talents: his remarkable mastery over every detail of what was now a far-flung operation, his vision of the inevitable triumph of transcontinental through-carriers, his insufferable iron will and work ethic, and his recruitment of an able coterie of men…” [3]

Ray Kroc (McDonald’s) observed, Luck is a dividend of sweat. The more you sweat, the luckier you get.’ Despite all his hard work, Kroc was not always a lucky man. From his early days in starting up McDonald’s to even after the chain was a well-established global presence, Kroc experienced his fair share of failures. He was not immune to disappointment; what set Kroc apart from his competitors, however, was how he learned from his failures and bounced back.” [4]

For Milton Hershey (Hershey Foods), success was not simply a matter of luck. Having learned from his past failures, he had become a shrewd and astute businessman.” [5]

The skills and characteristics the great and influential leaders employed enabled them to identify and maximize the opportunities that presented themselves. These individuals may have been lucky in being at the right place at the right time, but far more was required to capitalize upon available opportunities, which were presented to them. Many others at the same time were presented with similar opportunities. Yet they failed to achieve similar levels of success. This was because they didn’t possess the same skills, competencies and knowledge to understand what was needed to grasp the significance of the opportunities, and the actions and practices to maximize them.

[1]  Begley Jonathan, Book Review: Andrew Carnegie by David Nasaw (http://jonathanbegley.wordpress.com, January 5, 2010)

[2]  Barnum P.T., Money Getting or Golden Rules for Making Money (Self-Published)

[3]  Michael P. Malone, James J. Hill – Empire Builder of the Northwest (University of Oklahoma Press – Norman 1996) p. 150

[4]  Use Failure as a Catalyst for Success (greatmanagement.org, February 12, 2009)

[5]  Milton S. Hershey (www.ideafinder.com)

Excerpt: Great! What Makes Leaders Great. What They Did, How They Did It and What You Can Learn From It. (Majorium Business Press, 2011)

If you would like to learn more about role of luck and happenstance in the lives  of the great American leaders through their own inspiring words and stories, refer to Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It. It illustrates how great leaders built great companies, and how you can apply the strategies, concepts and techniques that they pioneered to improve your own leadership skills. Click here to learn more.

Copyright © 2011 Timothy F. Bednarz All Rights Reserved

Written by Timothy F. Bednarz, Ph.D.

August 23, 2011 at 10:01 am

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