Leadership makes or breaks companies.
You can have a great technology, a great product or service, but with the wrong management team, with the wrong CEO, things can go badly wrong. Jim Collins’ book, Good to Great, talks about level 5 leaders and their qualities. One of the qualities of great leaders is humility, a lack of hubris, a willingness to give others credit, and to admit when one is wrong. All the great companies in Jim Collins book had level 5 leaders. Collins defined great companies as those who outperformed the market by at least three times over a 15-year period.