What happens if good is not good enough? We don’t want to be good leaders, we want to be great leaders. Every leader has a big dream for their company and wants to make it happen. But their energy is often channeled inward. It’s about them, not about their employees. It shouldn’t be so hard to be a great leader.
In Jim Collin’s book, “Good to Great”, he calls the X factor of great leadership a paradoxical blend of extreme personal humility and professional will. These leaders are incredibly ambitious. But their ambition is first for the cause, for the organization and its purpose, not themselves. Their energy is channeled outward.
I had lunch recently with someone I would consider a Level 5 CEO. He took on the position about 6 years ago and inherited an old-school management philosophy with little resources invested in the professional development, business development, and collaboration of his team members. He is somewhat quiet and reserved, but very ambitious. In his time as CEO thus far, he’s contributed significantly to the business and professional development of his coworkers. He’s changed the culture to one of collaboration, not only with coworkers, but clients as well. His energy is focused outwardly to create an organization of thriving coworkers determined to make their organization the best it can be and invest their time volunteering in the communities they serve.
Collins found that Level 5 leaders are often self-effacing, quiet, reserved, and even shy. They are not charismatic in the traditional sense, but they are able to motivate people through their high standards and unwavering commitment to excellence.
Here are some of the key characteristics of Level 5 leaders according to Collins:
- Personal humility: Level 5 leaders are modest and unassuming. They do not seek out the limelight or public recognition. Instead, they are focused on building and sustaining a great organization.
- Professional will: Level 5 leaders have a fierce determination to succeed. They are willing to do whatever it takes to make their companies great, even if it means making tough decisions or sacrificing their own personal interests.
- Ambition for the cause: Level 5 leaders are motivated by a larger purpose than their own personal success. They are passionate about their work and want to make a difference in the world.
Overall, Level 5 leadership is a powerful concept that can help leaders to achieve great things. By combining these key characteristics, Level 5 leaders are able to build and sustain high-performing organizations that are focused on long-term success. Collins argues that Level 5 leadership is the most important factor in transforming a company from good to great. So if you want to be a great leader, this is good place to start.
