Magazine article Strategic Finance

A Common Leadership Mission

Magazine article Strategic Finance

A Common Leadership Mission

Article excerpt

Although Team of Teams is written by Stanley McChrystal, one of the most highly regarded generals of our time, it isn't a war story. But it reads like an action adventure novel. The reader is instantly swept away with the passion and anxiety of the complicated and complex problems faced by our nation's best soldiers as they face off against Al-Qaeda in Iraq. The book details the transformation and the new strategies that allowed them to find success. From a business perspective, the key takeaways from the book include:

Sharing. One of the key themes is stronger communication. But the lesson isn't just about better communication--it's about truly breaking down any silos that exist and being as inclusive as possible. More people with more knowledge will get more solutions and find more success. These challenges apply in large and small organizations. Even in my firm, the more communication between our mergers and acquisitions team and our business valuation team, the better we are and the better we serve our clients.

Common Mission. Every business manager knows that everyone must be rowing in the same direction and have a common mission, but how many of our team members can recite the business's mission, and how many have the same 30-second elevator speech? What if our work teams understood the mission and had the passion that our special forces' teams have? Our business teams can be so much stronger. A true shared consciousness between trusting and loyal teammates must be achieved. These are key ingredients for our businesses to successfully collaborate, innovate, and compete. …

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