AdvantEdge PodCast

How leadership character shapes the market

DrJohnK November 22, 2014 16


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So the economy is heading for the pits… again.

markets diveThe markets react to the slightest hint of bad news, good news, indifferent news, rumour and just occasionally, fact.

I was having a conversation with a business leader yesterday over coffee and we got to wondering why so many people jump on the bandwagons of bear and bull markets when there's little or no substantive factual information to support such reactions… excepting that by doing so they actually create the facts after the fact as it were. Confused? So were we.

Especially when the bulk of the markets' reactions to the speculation is created by young, go-getter, mostly money-driven Gen X‘ers and Gen Y‘ers who have zero actual experience running businesses. The only thing they can rely on are the standard formula. But even that doesn't explain everything. Perhaps the fuel of market reaction is more subtle, are they responding to the leadership character of these organizations?

In 2002, Jim Collins wrote an excellent article for Fast Company Magazine asking if the economy was built to flip? And states that the truth is: “The problem isn't the market's rise or fall. The problem is people who react to events, rather than seek to create something great.

Is there an underlying flaw in the economies of the world? Or is it the erosion of leadership character in the organizations and those ‘money-hungry' young traders are simply responding to something intangible. We have ample evidence that senior leaders in several of the world's richest and biggest institutions are selfish, egotistical and extrinsically motivated – focused entirely on the bottom line to the exclusion of the people who actually create that bottom line.

Why is the world economy so concerned with how the markets are reacting instead of how to (re)develop the appropriate leadership character that will create real wealth that is sustainable beyond next quarter's results?

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DrJohnK

I help people unlock their talent, unstuck their potential and unleash their own (and their team's) performance through behavioural neuroscience based coaching and mentoring. Most whip smart independent contributors, technical specialists and managers get frustrated trying to be heard and understood by their business leaders and they lack enough time and inclination to develop the skills they need to move into management and leadership positions. Proven systems. A personal coach and mentor. I combine time-tested systems, behavioural neuroscience and psychology research and practical tools with the accountability and guidance of a 1:1 coach and mentor to UnLock your Talent, UnStuck Your Potential and UnLeash Your Performance.

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