Leadership Lessons From Warren Buffet

Core values of healthy, prosperous teams:

• Trust

• Appreciation

• Accountability

• Communication

• Fairness

• Freedom

Fruits of healthy, prosperous teams:

• Loyalty

• Growth

• Profitability

• Excitement

• Service excellence

When the above six values cease to permeate an organization, the following occurs:

• Rules are established.

• New training programs (mostly ineffective)* implemented.

• Consultants retained.

• Culture of control/micro managing. Result = loss of talent, as only the weak will tolerate an environment of control.

• New levels of management added to enforce rules.

• Mediocrity becomes the norm.

• Performance and morale decline.

A team’s worst disease is mediocrity.

Wisdom of Warren Buffet:
“Most people, regardless of what they say, are looking for appreciation as much as they are for money.”
“A compact organization lets all of us spend our time managing the business rather than managing each other.”

“You never train your way out of a problem you managed yourself into.”
Dan Lumpkin, CMC

And remember, it’s all about the relationship.