Jamie Dimon on how to succeed.
My esteem for Dimon is obvious. It only grows as I read this item:
Along the way, he said, he learned that being effective in the top job has less to do with brains than with other less tangible skills. “It’s not how smart you are,” he said, “or even your communication skills. It’s your clarity of thinking, your work ethic and your effectiveness. Those are management traits that are non-negotiable — if you don’t have them you will fail.”
[Via Peter Galuszka.]
It’s funny, just yesterday I was talking with a friend about a former manager we both knew. The manager was plenty smart, and had crackerjack communication skills — too good, in fact, because this person could make nonsense sound good, convince people to do things against their better judgment, and use beautiful words to duck responsibility.
What was missing was “clarity of thinking,” “work ethic,” and “effectiveness.”
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I totally agree with Dimon. In order to be a leader, you have to set the example, even if that means you have to give up bonuses and perks. If he didn’t practice what he preached, he would be able to say that “clarity of thinking,” “work ethic,” and “effectiveness” are the things that can be the difference between those who stand out and those who end up fooling themselves.