Hector A. Ruiz

MBA, Project Manager, Tennis Player, Musician, and Author of "How to Destroy a Country"

Category: General

Seven key factors a great leader should have

Throughout contemporary history, there have been thousands of great articles discussing leadership and organizational behavior. In today’s entry, I will add from my experience what are some of the most important factors one must pay attention to when considering executives for leadership positions.

1. Intelligence: A smart person may likely make smart decisions and come up with smart ideas. They don’t have to be a genius. They have to be someone who reunites multiple abilities that allow them to understand situations and all their implications. Warren Buffett is a clear example of an intelligent man who clearly thinks of all possible scenarios and visualizes the future of his investments.

2. Communication: while not a great spokesperson, a good leader has to be able to effectively practice the process of sending and receiving messages between them and the group of people they is working with. The leader has to be an active listener; speak hard when needed and sincerely when required. The leader must manage the different communication levels that exist. Five time World Series Champion New York Yankee’s Joe Torre, and two time UEFA Champions League Champion FC Barcelona’s coach Josep Guardiola always say the right thing at the right time. They also encourage the team to give suggestions and to speak openly and freely at all times.

3. Authority: by this I do not mean either a loud voice or a commanding tone. It’s as simple as being able to make yourself clear to your group, and delivering punctual instructions that are well stated and impeccably transmitted. Bill Gates does not have either a loud or commanding voice, yet everytime I see him I am impressed, as each word that comes out from his mouth is the product of a rationality that commands authority by knowledge.

4. Efficiency: resources won’t be handed easily all the time, nor there will be full availability of them. Some times leaders will have to deal with shortages and/or incomplete tangibles. Those are the occasions when he or she must step in and use the best of anything and everything that is around him or her to reach the desired objectives. Soft-spoken Darwin Smith was able to turn Kimberly Clark into the giant that we know today by using a completely new business model that required to use tools he didn’t have at the time it was developed. I recommend you to dig into his story, and marvel at how efficient the company became under Smith’s tenure.

5. Fairness: never overestimate the people you work with, nor you should ever underestimate them either. Call-out when needed and reward when deserved. Proper management of balance in a team is critical to accomplish goals. Jack Welch has been known to be a prime example of justice and proper leadership. Bottom line is: be fair.

6. Confidence: if there is one aspect that is a powerful force that can drive you to new levels, it’s the trust and belief that you have in yourself. It comes with a combination of skills that include knowledge, logic and rationale, with what perhaps is the most important ingredient, which is self-esteem. Watch Band of Brothers and see how Richard Winters carried himself and his men through the toughest of situations by simply having the confidence of applying what he knew.

7. Innovation: out of the box thinking and developing strategies to implement the dreams you pursue is essential to set a new standard for your group. Don’t be a conformist; instead settle for new challenges every day. That’s what Steve Jobs did.

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Facebook’s IPO

Almost everyone in the business world should be aware of the upcoming IPO of the social network giant called Facebook, while also wondering what is at stake for the future of the social media giant.

There has been a lot of attention towards this event, similarly to how just about a year ago LinkedIn filled for their own IPO, with the stock price eventually performing exactly as it was expected. Tech leaders Google and Apple have been able to surpass their financial goals over time, allowing them to become part of the greatest public offerings of all time.

Financial goals and expectations put aside, the success of Facebook’s IPO depends more on what their next move will be. Back in 2004 when Google went public, they had already began expanding to other areas outside the core business of being a search engine. They figured Google Ads and began laying plans out for products that are have become part of our lives to most of us today, such as Chrome and Analytics. They also bought YouTube and acquired the license for Google Earth. Bottom line is that Google had many doors open and many opportunities, and they took them.

So what will Facebook do? They can’t buy youtube, they can’t create Google Ads or Analytics, or a new LinkedIn. For now they seem to be pretty much on their own. Since they are now going to be a public company, they have to live up to their investors’ expectations. This means that they will have to set goals and new objectives that keep the company growing. If company growth doesn’t happen, the value of the stock will not rise. So I guess this is where the core of the problem is. The solution may then be either buy other companies, or invest heavily in R&D and start developing new technology products.

It is good to become a public company and to raise money from investors. However this move brings responsibilities that are entitled of being a publicly traded company.

Who knows: in a few years, we may be seeing a Facebook browser, or a Facebook cell phone software. Those are the kind of goals they have to work on from now and on.

HR

3, 2, 1… Launch!

My blog is now live!

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