June 1, 2000
Speed, Leadership, and
Performance
20 miles per hour industry |
70 miles per hour industry |
150 miles per hour industry |
|
| Key Factor in a Firm Performing with Excellence | Good management | Visionary/ transformational leadership and good management. If you can’t see a few hundred yards ahead, you eventually crash. |
Energy-unleashing leadership, visionary leadership, and good management. Seeing far ahead is less possible. Maneuverability and horsepower are essential. |
| What is needed to go from so-so to excellent | An infusion of some visionary/ transformational leadership. After ‘turnaround,’ leadership can exit as long as industry continues at 20 mph. |
A strong infusion of visionary leadership. After ‘improvement,’ leadership must be institutionalized. | An infusion of more visionary leadership and energy-unleashing leadership. Both must eventually be institutionalized unless industry slows down. |
| A firm performing so-so | So-so management | So-so visionary leadership and management. | Only good management and good visionary leadership. |