Distilling the Wisdom of CEOs * •Distilling the Wisdom of C.E.O’s,” Adam Bryant, The New York Times, April 16, 2011. Great CEOs Have 1. Passionate curiosity – – – – They ask big questions Students of human nature Learn from everybody Challenge orthodoxy 2. Battle-hardened confidence – – – – – Know how to deal with adversity with confidence Best predictor of behavior is past performance – how they dealt with failure (ask this question in an interview) Takes ownership of challenges Work ethic forged in adversity Internal locus of control – believe they can shape events based on what they can control. Team smarts 3. – – – – Understand how teams work and how to get most out of teams Understand reliability, not talent, is key. Understand ad hoc teams and how organize around a common goal Understand what’s best for team, for organization, not for themselves (unselfish) 4. A simple mind set – Are concise, get to the point, and make it simple -and expect others do the same. – – No lengthy PowerPoints Know how to summarize, know what’s really important --- the essence of a problem. Simplify, eliminate complexity Fearlessness 5. – – – – Comfortable being uncomfortable – no road map or compass. Constantly challenge the status quo with calculated and informed risk taking. If things aren’t broken, break them. An appetite for change