As a researcher, author and teacher I’m able to gain access to lots of very accomplished business leaders. But, recently, I was privileged to see the best example of leadership in action I’ve ever witnessed. Listen and gain invaluable leadership insights into how great leaders lead.   

My observations:

1.Successful people and companies frequently start to take their success for granted. Of the original Fortune 500 from 1955 fewer than 10% remain; 450 died, got absorbed, went of business etc.  The average lifespan of a company in the S&P is less than 20 years versus 60 years back in the 1960’s.    

2.They overlook small things which will become tsunamis later

3.When the person steering the ship sees it drifting off course, immediate course correction is required

4.Most companies don’t realize that what got them to where they are, won’t get them to where they want to go. They believe they are the exception to the rule, and they aren’t.