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The leader knows what he doesn’t know. The leader is not afraid to ask clarifications, if he does not understand a particular subject.
The leader knows
meaning of two minutes. He should respect
time of others and that of his own.
The leader teaches. Above all,
leader develops others. As Lao Tzu advanced: “the leader having accomplished great things,
people all feel they did it themselves…”
The very best leaders go beyond
mere setting of example. He should be able to cause a leap of imagination and faith in his people.
The leader recognizes that people are often at their very best
moment they have been let go. There are times when an employee doesn’t like
work anymore, or he is unable to appreciate how
whole enterprise works- this is
time to set him free.
A Company Must Be Profitable
1. A solid financial base is fundamental. 2. Debt should not exceed equity. A debt to equity ratio of 1 to 1 or better should be
goal, so that a company’s leader and key executives do not spend all their time on mere survival -paying bills, meeting
payroll, and keeping
banks happy- but moving forward and meeting bigger challenges and doing more visionary work. 3. There should be a regular process for annual strategic planning and budget-planning.
The Fundamentals of Profit and Loss
1. Manage expectations, not
profits. Keep
shareholders informed, to eliminate doubts of manipulating numbers. 2. The Chairman and CEO should be financially literate. They should know what
numbers really mean. 3. Good growth and profitability requires
exercise of critical judgment. The leader should make certain that
budget is one
company can live with. 4. In repurchasing
company’s own stocks, make sure that it will add to
company’s earnings. 5. Look into
availability of funds so that
balance sheet will not be compromised.
Make an Edge in
Business World
1. Writing. It is a unique and powerful skill you can use for clarity and persuasion. 2. Public Speaking and Story-telling. Speak directly, and without notes, to your audience. Individuals respond to a well-told story. 3. Thinking. People do not respect sloppy thinking in a leader. Thoughts should be carefully considered then expressed directly, crisply, and clearly.
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Regine Azurin is the President of BusinessSummaries.com, a company that provides business book summaries of the latest bestsellers for busy executives and entrepreneurs.