Leadership Lessons: How to Thrive in Tough Times, According to a Top CEO
2023-08-04 20:50:00
Time.news Staff.
In challenging times, leadership is paramount. Michael Underhill, Co-Founder, CIO, and CEO of Capital Innovations, shares valuable insights on navigating difficult environments, emphasizing innovation and the power of unconventional talent.
- Focus on innovation to stay ahead of competition.
- Seek out talent with unique skill sets, like athletes.
- Embrace change and adapt to the market.
In the world of finance, leadership often dictates the trajectory of success. Michael Underhill, the Co-Founder, CIO, and CEO of Capital Innovations, has some interesting perspectives. In a series titled “Leading in Tough Times,” Underhill’s insights offer a roadmap for navigating the complexities of the market. A core tenet to his advice is to constantly innovate.
The Most Important Lesson in Leadership
What’s the most important lesson you’ve learned about leading in challenging environments?
During a meeting with Steve Schwarzman at Blackstone in 2009, Michael Underhill learned a valuable lesson about leadership: experience matters. Schwarzman shared his observation that while bravery might serve some in their younger years, lasting success often requires a more nuanced approach. Underhill learned from Schwarzman that those who thrive in finance, especially into their 50s and 60s, have a keen understanding of risk and how to navigate it.
Common Leadership Mistakes
What’s the most common mistake leaders make in an inhospitable market?
The biggest misstep, according to Underhill, is a lack of innovation. He quotes Molière: “Innovation: The best way to predict the future is to create it.” This is the key for leaders to remain competitive and navigate a dynamic market.
Valuable Advice
What’s the most valuable leadership advice you’ve ever been given?
Underhill was once advised to “be the change that you wish to see in the world.” He also noted that true strength isn’t just about winning. This focuses on self-improvement to inspire others to do the same.
What is the best decision a business leader can make? According to Underhill, it’s hiring athletes. Their structured lives, organizational skills, and dedication mirror those of successful business professionals.
Business Leader’s Best Decisions
What’s the best decision you’ve ever made as a business leader?
Underhill points to his decision to hire athletes. He notes that athletes’ structured lives, organizational skills, dedication, and perseverance are mirrored among successful business professionals.
Frequently Asked Questions
What is the most common mistake leaders make in a tough market?
According to Michael Underhill, the most common mistake leaders make is a lack of innovation, which hinders their ability to adjust to competition.
What is the most valuable leadership advice Michael Underhill has received?
Underhill was told to “be the change that you wish to see in the world.”
What is the best decision Michael Underhill has made as a business leader?
Underhill says the best decision he’s made is hiring athletes.
The Strategic Advantage: How Athletes Can Elevate Your Business
In today’s competitive business landscape, leaders constantly seek innovative ways to gain an edge. One surprising yet effective strategy? Hiring athletes. This article delves into why athletes make excellent hires and how their unique skill sets can drive success.
Why Athletes Excel in the Workplace
Athletes bring a unique set of attributes that directly translate into workplace success. These individuals are trained to set and achieve goals early in life [[1]]. They understand the importance of discipline, teamwork, and perseverance. These traits are crucial for any institution aiming to thrive.
Key Benefits of Hiring Athletes
- Goal-Oriented Mindset: Athletes are driven to succeed, setting ambitious goals, and relentlessly pursuing them.
- Discipline and Time Management: Training schedules demand rigorous discipline, making athletes exceptionally capable of managing their time and meeting deadlines.
- Teamwork and Collaboration: Sports inherently require teamwork. Athletes excel at collaborating with others, understanding their roles within a team, and contributing to collective success.
- Resilience and Adaptability: Athletes are accustomed to facing setbacks and bouncing back stronger. The ability to adapt to changing conditions and overcome obstacles is invaluable in the business world.
- Leadership Skills: Many athletes naturally assume leadership roles, inspiring and motivating others to achieve common goals. Innovative leadership can be fostered with these individuals [[2]].
Practical Tips for Integrating Athletes into Your Team
To maximize the impact of athlete hires, consider these strategies:
- Highlight transferable skills: Recognize and emphasize the skills that athletes bring.
- Encourage team-building within and outside work: Foster team dynamics.
- offer growth opportunities: Provide athletes with chances to challenge themselves and advance within your company.
Case Studies
Many successful companies have recognized the value of athlete hires.
Frequently Asked questions
How do athletes contribute to team success?
Athletes often bring skills in discipline, focus, and leadership to the workplace.
Why is it an excellent idea to hire athletes?
Hiring athletes can considerably benefit a business, given skills in achieving goals, teamwork, and adaptability. They are well-versed in managing their time and adapting to changing conditions. Furthermore, athletes can excel at collaborating with others [[1]].
What specific skills do athletes bring to the workplace?
Athletes bring goals, discipline, and resilience to the workplace, making them valuable contributors. They also excel at leadership, teamwork, and adaptability, which are critical for business success.
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