Dr. Peter Rea, VP at Parker Hannifin, discusses virtues for high performance in business, focusing on character development, engagement, and leadership impact. The podcast explores virtues like trust and compassion, measuring success through engagement, restorative justice in the military, and leading with vulnerability and courage.
Identity, relationships, and purpose are key in navigating uncertainty.
Integrating virtues like trust and compassion boosts performance and team effectiveness.
Deep dives
Navigating Uncertainty Through Identity, Relationships, and Purpose
The importance of navigating uncertainty is emphasized, highlighting the pillars of identity, relationships, and purpose. Identity plays a crucial role in handling uncertainty by living with conviction regardless of circumstances. Quality relationships have been found to predict performance outcomes more effectively than team composition, highlighting the significance of investing in relationships. The concept of purpose, committing to a cause larger than oneself, is explored as a key element for resilience and coping with uncertainty.
Developing Better Performance Through Character Development
The correlation between character development and enhanced performance is discussed. Practicing virtues such as trust, compassion, courage, justice, wisdom, temperance, and hope are identified as essential for personal growth and team effectiveness. By integrating virtues into daily practices and existing initiatives, individuals and teams can achieve improved engagement leading to favorable results.
Lessons from Military Initiatives on Character Education
Lessons from character education initiatives in the military, emphasizing the intentional development of character, are shared. The military's structured approach to instilling virtues, accountability, and restorative justice is identified as a valuable model for promoting ethical behavior and enhancing leadership qualities in various sectors.
Exploring Dichotomies in Leadership Strategies
The dichotomies inherent in leadership strategies are examined, drawing comparisons between different leadership styles and approaches based on contextual demands. The need for adaptability and flexibility in leadership behaviors, similar to adjusting sound levels on a sound board, is highlighted as essential for effective leadership in diverse situations.
Peter Rea is Vice President of Integrity and Ethics at Parker Hannifin . He is a Professor of Business Administration at Baldwin Wallace and teaches physician leadership for the Cleveland Clinic and chairs Ohio University's Medical School Advisory Board.
Parker Hannifin is a Fortune 250 with over $19 billion in annual sales, employing about 65,000 teammates in 50 countries. Parker is the global leader in motion and control technologies.
In 2012, Peter joined Parker in a newly established position to preserve Parker’s reputation and protect its financial strength. The mission is to help individuals and teams perform at a high level despite pressure and uncertainty guided by a character defined as a virtue.
The strategy is understanding and applying a strength-based approach to support existing business priorities. The business impact of the virtues has been increased engagement, enhanced teamwork, and leadership development.
Previously, Peter was Business Dean and founding Burton D. Morgan Chair of Entrepreneurial Studies at Baldwin Wallace University. He was the founding Director of Baldwin-Wallace’s Center for Innovation & Growth. The Center provides a practical forum for students, profit and nonprofit senior leaders, and entrepreneurs to create economic and social value through innovation guided by integrity.
He holds a Ph.D. from the University of Akron, an M.A. from Bowling Green State U., and a B.S. from Ohio U. He has completed postdoctoral studies in international marketing, finance, and marketing strategy at the University of South Carolina, Memphis University, Carnegie Mellon, and Duke.
A Quote From Better Humans, Better Performance
"Virtue is more than a word: It’s a way for us all to live, a way to flourish as human beings. And when applied to organizational life, virtue serves to enhance engagement, strengthen teamwork, and foster success in business."
About The International Leadership Association (ILA)
The ILA was created in 1999 to bring together professionals interested in studying, practicing, and teaching leadership. Plan for ILA's 25th Global Conference in Vancouver, British Columbia, October 12-15, 2023.
About The Boler College of Business at John Carroll University
Boler offers four MBA programs – 1 Year Flexible, Hybrid, Online, and Professional. Each MBA track offers flexible timelines and various class structure options (online, in-
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