![]() And while technology will solve a number of the resulting operational issues, technological capabilities soon become commoditized.Įvery year, more than 10,000 business books are published, and that’s before you add in hundreds of thousands of articles, blogs, and video lectures. ![]() ![]() On the contrary, the leadership role becomes increasingly demanding as more work is conducted remotely, traditional company boundaries become more porous, freelancers more commonplace, and partnerships more necessary. The topic’s importance is not about to diminish as digital technology reshapes the notion of the workplace and how work gets done. Basketball legend Michael Jordan slam dunks the same point: “Talent wins games, but teamwork and intelligence win championships.” “No matter how brilliant your mind or strategy, if you’re playing a solo game, you’ll always lose out to a team,” is the way Reid Hoffman, LinkedIn cofounder, sums it up. Scott Keller and Mary Meaney, Leading Organization: Ten Timeless Truths, New York, NY: Bloomsbury, 2017. And it’s why there is a 1.9 times increased likelihood of having above-median financial performance when the top team is working together toward a common vision. It’s why 90 percent of investors think the quality of the management team is the single most important nonfinancial factor when evaluating an IPO. It’s why savvy investors in start-ups often value the quality of the team and the interaction of the founding members more than the idea itself. The value of a high-performing team has long been recognized.
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