The Most Important Attribute of Leadership

The Most Important Attribute of Leadership

John Eades 04/03/2020 7
The Most Important Attribute of Leadership

The business world lost Jack Welch two days ago, a great businessman, and professional who drastically evolved as a leader during his 84 years. Luckily he left behind some great leadership and management lessons.

During Welch's 20 year tenure at GE, he was able to increase the company's value by 4,000 percent, growing its market value from $12 billion to $410 billion. You could make an argument that this impact was one of the greatest achievements in the history of CEOs.

Here is where it gets interesting. Welch was considered by most to be a ruthless and a results-driven leader. So much so, he was nicknamed "Neutron Jack" because of his aggressive firing policy in the mid '80s (known as the "vitality curve").  

While the majority of organizations no longer use the "vitality curve" method, organizational leaders have learned from and implemented strategies from Welch's experience. A couple of years ago, I learned a leadership lesson from "Neutron Jack" that I never thought I would.

Tim Ferriss interviewed Frank Blake the Former CEO and Chairman of Home Depot (a great leader in his own right) and former direct report at GE to Jack Welch. During the interview, Blake recalled a story in which he asked Welch, "Of all of the attributes of leadership, if you had to weigh them all and pick one, what is the single most important attribute of leadership?" 

"The single most important attribute of leadership is generosity." - Jack Welch

Most people think of generosity in terms of money. But that isn't what Welch was suggesting at all. He was using the term to describe how important it is for leaders to be fueled by the success of others.

When you actually look deeper, generosity is defined as the quality of about being kind, understanding and not selfish. If you want to be a more generous leader here are a few ideas:

Model Servant Leadership

Through all the interviews I have done on the "Follow My Lead" podcast and working with companies of all sizes to help improve the leadership skills of their people, I have come to define leadership in Building the Best this way.

Someone whose actions inspire, empower, and serve in order to ELEVATE OTHERS over an extended period of time.

Now it's one thing to know this definition, it's completely different to model it and live it out for your people every single day. Instead of waking up thinking about yourself, do your very best to think about your team.

Give of Your Time, Not Money

One of my favorite quotes ever is from John Crudele about parenting, "Kids spell love T-I-M-E." If you want to be a more generous leader, start with giving more of your time. There is absolutely nothing you can do to replace the time you spend transferring knowledge and getting to know people one-on-one. By the time you spend with people, you might uncover money is needed, but let that be the last resort.

Seek Out Opportunities to Fuel the Success of Others

I believe with all my heart, leaders don't create followers but they create more leaders. So instead of hoarding the best talent on your team, seek out opportunities to help them advance in their career through new tasks, roles, or job functions. 

This means you will lose talented people to promotions or new opportunities. While it might hurt you in the short term, not only is it the right thing to do for someone else it will also attract more talented people to join you on the journey.

Those leaders who aren't doing these three things are being the opposite of a generous and will find themselves as part of the reason their team never reaches its full potential.  

How do you live out the attribute of generosity in your leadership approach?

Get the #1 Best New Management Book to Read by Book AuthorityBuilding the Best: 8 Proven Leadership Principles to Elevate Others to Success is published by McGraw-Hill. Learn the stories, principles, and tools to help elevate the way you lead others.

What's Your Leadership Style? Join over 40k leaders and discover how well you are leveraging love and discipline as a leader and find out your current leadership style for free.

Join the Next Ultimate Leadership Academy If you are ready to elevate the way you lead, join the next virtual Ultimate Leadership Academy.

About the Author: John Eades is the CEO of LearnLoft, a leadership development company that exists to turn managers into leaders and create healthier places to work. He is currently booking events and speaking engagements for 2020. John was named one of LinkedIn’s 2017 Top Voices in Management & Workplace and was awarded the 2017 Readership Award by Training Industry.com. John is also the host of the “Follow My Lead” Podcast, a show that transfers stories and best practices from today’s leaders to the leaders of tomorrow. You follow him on Instagram @johngeades.  

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  • Dean Wilson

    RIP Jack Welch

  • James McBride

    It's just business, and he was good at it.

  • Adam Tippin

    Nothing but respect for this man

  • Michael Arbisi

    I'm surprised he didn't make it another decade.

  • Carlos Lopez

    He was a bully !!!!

  • Nathaniel Malone

    Rest in peace Jack

  • Urmila Roy

    Hey John, so true that leaders do find good opportunities for the right people. It's a sign of true leadership. They don't get jealous from other's success as they know how to achieve their goals.

    Regards
    Urmila

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John Eades

Leadership Management

John is the CEO of LearnLoft, author of, F.M.L. Standing Out & Being a Leader and host of the 'Follow My Lead' Podcast. He writes or has been featured on Inc.com, LinkedIn Pulse, TrainingIndustry.com, eLearningIndustry.com, CNBC Money, and more. John completed his education at the University of Maryland College. 

   

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