Each week, I collect the resources related to leadership I shared on social media the prior week, with the accompanying quotations.
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Aswath Damodaran:
“ESG is beyond redemption: may it RIP
The investing framework is now facing a mountain of troubles, almost all of them of its own making” (10-23-23).
“As for G(overnance), its presence in ESG has always been puzzling, since it replaces the original notion of corporate governance, where managers are accountable to shareholders, with one where managers are accountable to all stakeholders, effectively making them accountable to none of them.
ESG is beyond redemption, a testimonial to the consequences of letting good intentions overwhelm good sense and allowing the selling imperative to define and drive mission. May it RIP.”
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Emily Adeyanju of McKinsey & Company interviews Ron Shaich, founder of Panera Bread and Au Bon Pain:
“Author Talks: Ron Shaich shares leadership lessons on what matters most and why” (10-20-23).
“By nature, running a large company and building a better competitive alternative requires you to be contrarian. If you do what everyone else is doing, you will get your market share, but you will not do anything better. My goal was to figure out how to build differentiation. Differentiation requires a contrarian view.”
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Donald J. Boudreaux quotes from American Entrepreneur: The Fascinating Stories of the People Who Defined Business in the United States (2009), by Larry Schweikart and Lynne Doti:
“Quotation of the Day…” (10-31-23).
“For the true entrepreneur, challenges represent opportunities. Indeed, it seems that entrepreneurs do not even see challenges in the same way as others do. Consciously or subconsciously, entrepreneurs diminish the size of the hurdle to be cleared.”
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Bill Treasurer:
“The Courage to Act” (9-20-23).
“To build momentum – to advance as a leader – the choice you make to be courageous is the building block of your next act. With each act, you can become more familiar with what you had to do to get to that point. That foundation allows you to build transferable courage.”
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Josh Bersin:
“Companies Have Been Neglecting Their Leadership, And It Shows” (11-1-23, updated 11-6-23).
“[C]ompanies that focus on developing leaders (not just promoting them) far outperform their peers.
Why is this so important? Because when you talk about leadership, discuss the behaviors and principles you value, your company becomes stronger, more focused, and more aligned.”
….,….
Joe Folkman:
“How Modern Leaders Champion Change” (11-2-23).
“Change is not the exception, it’s the rule. Good managers maintain the status quo, but true leaders turn to a new direction and elevate to a new level.”
