By Frank Kenna
“Look, I make a mistake every day, but hopefully I’m not making the same mistake twice.” So said Peter Loscher, CEO of Siemens, a global electronics and electrical engineering company, in a July 31st NY Times article. The interview with Loscher was a great primer on management and getting teams to work together, and seeing that most of the readers of this blog are managers and leaders, I thought I’d highlight some of the points he made.
· “The difference between a good team and a great team is usually mind-set. When you watch great games in sports, you see there’s a moment, all of a sudden, when the team clicks.”
· “The underlying strength is the trust within the team — so that you actually are no longer just playing individually at your best, but you’re also trying to understand what you can do to make the team better.”
· “Think about how the world is changing — I think the speed of change has massively accelerated versus what it was 10 years ago, 20 years ago, in all aspects. So there’s speed of change, and the world is also far more connected, and this has a massive impact in terms of how you lead. You can no longer rely on hierarchical structures.”
As to his explanation of why he makes mistakes every day, Loscher said, “If you think that you’re not making mistakes then you are not making the tough decisions that you should make as a leader.”
Some good advice from someone who knows.
Source: The New York Times, Sunday, July 31, 2011