Good to Great

Presentation Transcript

Chapter 2 – Level 5 leadership

“Level 5” Refers to a five-level hierarchy of executive capabilities with Level 5 at the top.

Humility + Will = Level 5

“Level 5 Leaders are ambitious… first and foremost for the company, not themselves”

“Leadership is the answer to everything” is like saying “God is the answer to everything”

Key part in making business sustainable and ultimately making the business great.
Ambition first and foremost for the company and concern for its success rather than one’s own riches and personal renown.
In over 3 quarters of the comparison companies successors were setup for failure, or chose weak successors, or both.

Not to be confused with false modesty
Great leaders tended to place more emphasis on others and the company, rather than themselves.
Did not take credit for themselves, even where it was due.
“Seemingly ordinary people producing extraordinary results.”

Level 5 leaders look out the window to apportion credit to factors outside themselves when things go well
At the same time, they look in the mirror to apportion responsibility, never blaming bad luck when things go poorly
Simplified, they accept blame for bad, and give credit to others for good.