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Discover Your True North PDF

323 Pages·2015·4.894 MB·English
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WEBCINTRO 07/02/2015 3:33:52 Page12 WEBFFIRS 07/02/2015 3:57:52 Pagei Discover Your True North Expanded and Updated Edition Bill George WEBFFIRS 07/02/2015 3:57:52 Pageii Coverimage:CompassiStock.com/LdF Coverdesign:Wiley Copyright2015byBillGeorge.Allrightsreserved. PublishedbyJohnWiley&Sons,Inc.,Hoboken,NewJersey. PublishedsimultaneouslyinCanada. Nopartofthispublicationmaybereproduced,storedinaretrievalsystem,ortransmittedinany formorbyanymeans,electronic,mechanical,photocopying,recording,scanning,orotherwise, exceptaspermittedunderSection107or108ofthe1976UnitedStatesCopyrightAct,without eitherthepriorwrittenpermissionofthePublisher,orauthorizationthroughpaymentofthe appropriateper-copyfeetotheCopyrightClearanceCenter,Inc.,222RosewoodDrive,Danvers, MA01923,(978)750–8400,fax(978)646–8600,orontheWebatwww.copyright.com.Requests tothePublisherforpermissionshouldbeaddressedtothePermissionsDepartment,JohnWiley& Sons,Inc.,111RiverStreet,Hoboken,NJ07030,(201)748–6011,fax(201)748–6008,oronline athttp://www.wiley.com/go/permissions. LimitofLiability/DisclaimerofWarranty:Whilethepublisherandauthorhaveusedtheirbest effortsinpreparingthisbook,theymakenorepresentationsorwarrantieswithrespecttothe accuracyorcompletenessofthecontentsofthisbookandspecificallydisclaimanyimplied warrantiesofmerchantabilityorfitnessforaparticularpurpose.Nowarrantymaybecreatedor extendedbysalesrepresentativesorwrittensalesmaterials.Theadviceandstrategiescontained hereinmaynotbesuitableforyoursituation.Youshouldconsultwithaprofessionalwhere appropriate.Neitherthepublishernorauthorshallbeliableforanylossofprofitoranyother commercialdamages,includingbutnotlimitedtospecial,incidental,consequential,orother damages. Forgeneralinformationonourotherproductsandservicesorfortechnicalsupport,pleasecontact ourCustomerCareDepartmentwithintheUnitedStatesat(800)762–2974,outsidetheUnited Statesat(317)572–3993orfax(317)572–4002. Wileypublishesinavarietyofprintandelectronicformatsandbyprint-on-demand.Somematerial includedwithstandardprintversionsofthisbookmaynotbeincludedine-booksorinprint-on- demand.IfthisbookreferstomediasuchasaCDorDVDthatisnotincludedintheversionyou purchased,youmaydownloadthismaterialathttp://booksupport.wiley.com.Formoreinformation aboutWileyproducts,visitwww.wiley.com. LibraryofCongressCataloging-in-PublicationData: George,Bill(WilliamW.) [Findingyourtruenorth.] Discoveryourtruenorth/BillGeorge.-Secondedition,ExpandedandUpdatedEdition. pagescm Revisededitionoftheauthor’sFindingyourtruenorth,2008. Includesindex. ISBN978–1–119–08294–1(hardback);ISBN978–1–119–08297–2(ePDF); ISBN978–1–119–08295–8(ePub) 1. Leadership. 2. Organizationaleffectiveness. I. Title. HD57.7.G458142015 658.4’092-dc23 2015013574 PrintedintheUnitedStatesofAmerica 10 9 8 7 6 5 4 3 2 1 WEBFFIRS 07/02/2015 3:57:52 Pageiii This book is dedicated to my family. First to my wife, Penny, whose love, passion for life, and counsel have enabled all the Georges to discover our True North. And to our sons, Jeff and Jon, and our daughters-in-law, Renee and Jeannette, who are making important contributions to the world as authentic leaders. WEBFFIRS 07/02/2015 3:57:52 Pageiv BEST-SELLING BOOKS BY BILL GEORGE Authentic Leadership: Rediscovering the Secrets to Creating Lasting Value (2003) True North: Discover Your Authentic Leadership (2007) (with Peter Sims) Finding Your True North: A Personal Guide (2008) (with Nick Craig and Andrew McLean) 7 Lessons for Leading in Crisis (2009) WEBFTOC 07/02/2015 3:7:35 Pagev Contents Preface The Remarkable Legacy of Warren Bennis vii Foreword David Gergen xi Introduction 1 Part One: Your Journey to Leadership 13 1. Your Life Story 15 LeadStory:HowardSchultz,ChairandCEOofStarbucks 2. Losing Your Way 41 LeadStory:RajatGupta,WorldwideManagingDirectorof McKinsey 3. Crucibles 57 LeadStory:DanielVasella,ChairandCEOofNovartis Part Two: Developing as an 77 Authentic Leader 4. Self-Awareness 79 LeadStory:AriannaHuffington,FounderofThe HuffingtonPost 5. Values 103 LeadStory:DavidGergen,HarvardProfessorandPresidential Advisor v WEBFTOC 07/02/2015 3:7:35 Pagevi vi CONTENTS 6. Sweet Spot 123 LeadStory:WarrenBuffett,FounderandCEOofBerkshire Hathaway 7. Support Team 142 LeadStory:TadPiper,ChairandCEOofPiperJaffray 8. Integrated Life 159 LeadStory:JohnDonahoe,CEOofeBay Part Three: Your True North Meets the World 179 9. I to We 181 LeadStory:NelsonMandela,PresidentofSouthAfrica 10. Purpose 199 LeadStory:KenFrazier,ChairandCEOofMerck 11. Empowerment 219 LeadStory:AnneMulcahy,ChairandCEOofXerox 12. Global Leadership 243 LeadStory:PaulPolman,CEOofUnilever Afterword Stakeholders in Society 265 LeadStory:JackMa,FounderofAlibaba New Leaders Featured in Discover Your True North 275 Participants from the Original Research for True North 277 Where Are They Now? 279 References 287 About the Author 293 Acknowledgments 295 Index 297 WEBFPREF 07/02/2015 3:50:20 Pagevii Preface The Remarkable Legacy of Warren Bennis Warren Bennis was one of the great pioneers in the field of leadership. Small in physical stature, he was a giant in his intellect, his heart, and his spirit. Just as Peter Drucker was the father of management, Bennis was the father of leadership. Bennis transformed our understanding of what it means to be a leader. He was the first scholar who said leadership is not a set of genetic characteristics, but the result of a lifelong process of self- discovery. Rejecting the notion that leaders are born with certain traits,heopenedthedoortotherealsourceofleadership:withinyou. He wrote: The most dangerous leadership myth is that leaders are born—that there is a genetic factor to leadership. This myth asserts that people simply either have certain charismatic qualities or not. That’s nonsense; in fact, the opposite is true. Leaders are made rather than born. He showed how leaders develop through their life experiences, are shaped by their crucibles, and emerge ever stronger to take on responsibilities of leadership. He said unequivocally, “Leadership is character,” adding, Itis not just asuperficial question ofstyle, buthas to do with who we are as humanbeings,andwiththeforcesthathaveshapedus.Theprocessofbecoming a leader is much the same as the process of becoming an integrated human being. vii WEBFPREF 07/02/2015 3:50:20 Pageviii viii PREFACE Bennis’s early life was deeply influenced by his association at Antioch College and later at the Massachusetts Institute of Tech- nology with Douglas McGregor, author of The Human Side of Enterprise. While in Cambridge, he connected with Abraham Maslow (creator of Maslow’s Hierarchy of Needs), Peter Drucker, PaulSamuelson,andErikErikson,whosetheoriesontheeightstages of human development influenced Bennis’s own generativity in his lateryears.Hewentontowrite30books.Manyoftoday’sinfluential leadership authors, such as Tom Peters, Nitin Nohria, David Gergen, Jim O’Toole, Bob Sutton, Jeff Sonnenfeld, and Doug Conant are indebted to Bennis for their ideas. As president of the University of Cincinnati, he realized his personal truth, “I was never going to be able to be happy with positional power. What I really wanted was personal power: having influence based on my voice. My real gift is what I can do in the classroom and as a mentor.” Following a heart attack in 1979, he found his home at the University of Southern California. Bennis’s influence on business leaders was widespread and profound. Thousands of leaders who never knew him were inspired by his writings and adopted his approach to leadership. Many chief executive officers (CEOs) have told me personally what a profound influence he had on their leadership. Ifirstencounteredhiswritingin1989whenIreadOnBecominga Leader. It was a revelation: Finally, I had found a philosophy of leadershipIcouldresonatewith.ThroughoutmyyearsatMedtronic and Harvard Business School (HBS), I have built on his philoso- phies in my work and teaching. WefirstmetattheWorldEconomicForuminthelate1990s.He suffered from heart problems, and had recently had a Medtronic defibrillatorimplanted.InDecemberof2000Iinvitedhimasaguest patient toanannualMedtronic event, wherehegraciously thanked the employees who designed and manufactured his defibrillator in front of 10,000 people. He was fond of saying he had Medtronic “in his heart” and then describinghowhisdefibrillatorsavedhislifehalfadozentimes.Ionce

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