Study Document
Pages:1 (343 words)
Subject:Business
Topic:Proctor And Gamble
Document Type:Book Report
Document:#11988358
Level 5 leadership is not enough
Company vision must be clear
Must be a belief in the future ( POW "Stockdale Paradox")
Change is often slow and incremental ("Flywheel")
Simplicity of direction and goals (hedgehogs, not foxes)
Judicious but forward-thinking use of new technology
Discipline
Level 5 leaders have tremendous personal will combined with a lack of personal self-serving egotism
Abbot Labs: ending nepotism, by company insider and family heir George Cain. Risky, radical move but resulted in Abbot outperforming Merck and Pfizer
Cork Walgreen turning the modern Walgreen's into a pharmacy rather than a general store/soda shop
These leaders made necessary decisions and risked their personal popularity for the sake of their companies
Level 5 leadership is difficult to embody: Difficult to change a person's character
Selflessness seems, in many ways, innate in these leaders
Many had personal turning-points before becoming Level 5, such as Smith's battle with…
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