HBR On Leadership
3 Things Great Leaders Do Differently
Jan 24, 2024
Guy Raz, the host behind popular podcasts like How I Built This, shares invaluable insights from his extensive interviews with entrepreneurs and leaders. He reveals three key behaviors that set great leaders apart: fostering a culture of collaboration, encouraging risk-taking, and embracing failure. Raz discusses practical strategies for cultivating teamwork and innovation, the balance between collaboration and competition, and how a supportive environment can lead to radical ideas and growth. His experiences highlight the importance of learning from failures to drive success.
28:52
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Quick takeaways
- Successful leaders create a culture of collaboration within their organizations, leading to innovation and incredible products.
- Effective leaders encourage risk-taking and embrace failure as a learning opportunity to drive innovation and growth.
Deep dives
Creating a Culture of Collaboration
Successful leaders create a culture of collaboration within their organizations. This culture encourages individuals to work together, share ideas, and collaborate on projects. Companies that incentivize collaboration tend to be more innovative, as different parts of the organization come together and leverage their expertise to build incredible products. Procter and Gamble is an example of a company that emphasizes cross-collaboration, resulting in the creation of Crest White Strips, which generated $300 million in revenue in its first year.
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