You’ll learn
- What hidden sacrifices successful leaders make
- How tough talks can be empowering
- Why expertise complicates leadership
- About the risks coming with ignoring employee personalities
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first KEY POINT
The key to being a successful leader is to know what being a leader entails. A leader is meant to be a servant. A leadership position is a job that’s more difficult than other positions because of all the sacrifices involved. A leader is supposed to take charge and manage at the same time without abdicating his duties to someone else.Leaders are expected to handle big challenges and uncomfortable situations, and that’s why it’s sometimes good to avoid being a CEO. Being a CEO to a lot of people is a reward, but in the actual sense, it’s a huge responsibility. There are a lot of CEOs who are better sticking with their previous position or a different one.The concept of leadership is often misunderstood by many individuals and corporations. They see it as a position where they won't be held responsible for the successes or failures of their organizations. This misconception is highly dangerous to the growth of any business. The effects of the decisions taken under these beliefs end up impacting these organizations in many ways. That's why this summary is essential for anyone who wants to learn what it takes to lead.
Patrick Lencioni, through a fable, has been able to establish why a lot of CEOs fail. For anyone who’s interested in being a leader or who wants to avoid being a bad leader, this tidbit is a must–read.
second KEY POINT
Being a CEO gives you a lot of power and influence, and you must learn how to wield this influence over your team. The CEO is responsible for the development of the team, as well as establishing a healthy work environment where productivity is encouraged. The first step to knowing how to be a CEO is knowing who a CEO is, and what a CEO does. When Shay Davis, the CEO of Golden State Security, discovered that he could lose his position within six months of being appointed, he knew he had to do something, and fast. As the CEO, Shay Davis had a job to find a way to compete with All–American Alarm and Del – Mar Alarm. These two security companies were doing better than Golden State Security, especially All–American Alarm. Shay Davis knew if he didn't find a quick solution, he would lose not only his position but also his job. Left with no choice, he picked up the phone and called Amy, the consultant from Lighthouse at Del–Mar Alarm, offering her a chance to work with them.Liam Alcott, the CEO of Del–Mar, was a man Shay Davis disliked for obvious reasons. Liam Alcott was the media’s favorite, and his company was doing very well compared to Shay Davis’s. The consultant promised to get back to Davis, but instead of getting back to him, he received a call from Liam Alcott instead.Initially, Davis thought Alcott had called to make fun of him, especially when he discovered that the consultant had informed Alcott of their telephone conversation. However, Alcott had called because he wanted to set up a meeting with Davis. He was quick to make Davis understand that they needed to get together and share ideas in order to displace the growing All–American Alarm. Davis agreed to the meeting, although he was not looking forward to it.

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