…these principles become the basis of intentional actions and deep commitments that enable each person at every level of an organization to bring his or her best self to work.
- Becoming the Best, page 5
"…the need and desire to become the best through values-based leadership have never been stronger or more critical."- Becoming the Best, page 8
All sizes of organizations are confronted with ethical issues. It is crucial that people at all levels adopt a values-based leadership approach. This means they are committed to doing the right thing at all times—and doing the best they can do. It is a way of thinking, acting and operating at every level of the organization.
The five key areas that define what it means to be a values-based leader and build a world-class organization include:
"The two fundamental commitments—to do the right thing, and to do the best you can—will keep you grounded in reality, no matter what occurs."- Becoming the Best, page 22
You likely realize that leadership has nothing to do with titles and everything to do with the ability to influence. But how do you achieve that leadership?
Kraemer calls his lessons values-based leadership and explains that values-based leadership is founded on the four principles of self-reflection, balance, true self-confidence and genuine humility. Applying these four principles enables the creation of a values-based organization. If you want a best team you must first nurture your best self. This becomes the bridge to building your best team.
These values-based leaders speak about ‘we’ not ‘I’. They strive to be respected rather than liked. The leader almost always holds his or her opinion until everyone else has spoken during group interactions and spends 90 percent of their time listening. This listening enables them to relate uniquely to each team member which is critical to motivating others since each person is motivated by different things.
"On a best team, every person knows that what he or she does truly matters, and commits to doing—and being—their best."- Becoming the Best, page 49
A best team is obviously strong in competence, character and teamwork. Recruiting, developing and retaining people who operate as their best selves is paramount. But there is a foundational piece that often is missing…
Does each individual in your team know how his/her particular function contributes to an organization’s larger mission? If they don’t, it will be impossible to have a best team because there is no clear, elevating goal to create alignment. They need to come together with a sense of common purpose. Helping your team identify their common purpose—the difference they make in the world—is an essential foundational key to success.
I work with pharma companies and an outsider might think it would be easy to be connected to your purpose when you make a product that saves and improves lives. But even then, it is astounding how few individuals and teams are connected to their purpose. Helping them do this should be a top priority for leaders wanting to create best teams.
Kraemer assures us that each one of us can begin right now by simply reflecting to discover our values and priorities, goals and desires. Ask yourself:
Harry Kraemer, Jr. is professor of management and strategy at Northwestern University’s Kellogg School of Management, where he teaches in the MBA and the Executive MBA programs. Additionally, he is an executive partner with Madison Dearborn Partners (MDP), one of the largest private equity firms in the United States where he consults with CEOs and other senior executives of companies in MDP’s extensive portfolio. Harry is the former chairman and chief executive officer of Baxter International Inc., a multi-billion-dollar global healthcare company. He was voted by the students at Kellogg as the Professor of the Year in 2008 and was a finalist for the award in 2014.