Leadership: Accountabilty vs Visionary

Leadership

Visionary & Accountability

Author: Nelson Conde

Presented to Brooklyn College – Organizational Sociology course

Sep. 2014

• Google focused on ways to measure leadership skills, cognitive ability, humility, and ownership.

• Google determined that GPAs and test scores were not good attributes for hiring.

Source: Korn Ferry Briefings issue 19

Success Status Quo

Failure

Visionary Leadership: Status Quo & Failure are Linked

Success Status Quo

Failure

Accountable Leadership: Status Quo & Success are Linked

Banking vs Technology – Leadership Views

JAMIE DIMON

• DISCIPLINE• DRIVE CHANGE• HIGH STANDARDS• OPENNESS• ABILITY TO FACE FACTS• SET UP FOR SUCCESS• MORALE BUILDING• FAIR TREATMENT• HUMILITY

STEVE JOBS

• THINK DIFFERENT• RESHAPE INDUSTRY• DEEP KNOWLEDGE• SIMPLICITY• FAILURE IS OK• LOVE WHAT YOU DO• CURIOSITY• ONE PERSON CAN’T DO IT

Jamie Dimon -

• Leaders are hard to find and are far from perfect,

• but the best possess most of the key 10 qualities of leadership.

• Those include setting high standards of performance and integrity, transparency and fairness, and humility.

• Leaders need to acknowledge those who came before them and helped shape the enterprise -- it's not all their own doing…

Family was in brokerage business; graduated from Tufts and Harvard; intern at Goldman Sachs; mentor was Sandy Weill.

Steve Jobs -

• We have no committees at Apple. We are organized as a start up. We are the biggest start up on the planet.

• You have to be run by ideas not hierarchy.

• You need a lot of passion for what you're doing because its so hard. If you don’t, any rational person would give up; and you have to do it over a sustained period of time.

Steve Jobs enrolled in Reed College, but dropped out after one semester. He liked to go to classes that weren't on his schedule and learn about random things like scripture and calligraphy. He traveled to India to search for enlightenment.

Clash of Leaders

Accountability

Visionary

Steve Jobsvs

John Sculley

I did not have the breadth of experience at that time to really appreciate just how different leadership is when you are shaping an industry, versus when you’re a competitor in an industry, in a public company, where you don’t make mistakes because if you lose, you’re out.” – John Sculley, former Apple CEO

What does a Bank do?

Buys Money

Sells Money

Keeps the Difference

Time Risk

Service Insure

Price

• Volatility

• Uncertainty

• Complexity

• Ambiguity

V U C A

Can we transform a banking model into a smaller, agile, profitable organization, with highly dedicated customers?

• Loan• Profit

BankShareholders Invest

Public / Private Investors

Money In …… Money Out

• Loan• ProfitBank

• Loan• Low Cost

Credit Union - np

Shareholders Invest

Members Deposit

Public / Private Investors

Members

• Loan• ProfitBank

• Loan• Low Cost

Credit Union - np

Shareholders Invest

Members Deposit

Public / Private Investors

Members

Social Cause• Give• Social Justice

Astraea LGBT

Found. - npSponsors Give

• Loan• ProfitBank

• Loan• Low Cost

Credit Union - np

Shareholders Invest

Members Deposit

Public / Private Investors

Members

Creative Producers /Venture Cap

Social Cause• Give• Social Justice

Astraea LGBT

Found. - np

• Give• ProfitKickstarter

Sponsors Give

Backers Give

• Give• Social Justice

Astraea LGBT

Found. - np

• Give• ProfitKickstarter

• Loan• ProfitBank

• Loan• Low Cost

Credit Union - np

Shareholders Invest

Members Deposit

Sponsors Give

Backers Give

Public / Private Investors

Members

Social Cause

Creative Producers /Venture Cap

BANK• Dep, Lns, Der., Offshore, Trading, Leverage• Brick & Mortar, ATMs, Online, Mobile

CREDIT UNION• Loan, Deposits, Insurance, Investments• Brick & Mortar, fewer ATMs, basic Online, Mobile?

ASTRAEA LGBT FOUNDATION• Inform, Supporters, Grants• Brick & Mortar, basic Online

Kickstarter• 89 People yield 3 million backers• Clean Online. Only wants one page resume.

“We believe that creative projects make for a better world, and we’re thrilled to help support new ones. Building a community of backers around an idea is an amazing way to make something new.” - Kickstarter

Only 89 People in Brooklyn; ½ on Product Design; ½ on CommunityIn 2013: 3 million backers delivered $480MM 214 countries, and over 19,000

projects

Visionary Funding: Give / Profit / Taxed / Invent / Cause

Conclusions

Questions