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A mere 7% of employees today fully understand their company's business strategies and what's expected of them in order to help achieve company goals.
Managing risk is very different from managing strategy. Risk management focuses on the negative-threats and failures rather than opportunities and successes.
If you're the smartest person in the room, it can sometimes be hard to learn to delegate - the person to whom you're delegating will do the task worse than you would - and it will annoy you!
The better strategy is to focus on strengths and surround yourself with people who can complement your skills. However, you have to first do the analysis.
Authenticity is critical to leadership. That means trying to be yourself - this involves some self-disclosure, admitting what you don't know and being willing to ask questions.
Vision and priorities should precede actions. Actions should be judged through the prism of how the firm adds value and the key competencies it seeks to build.
You're changing, the world is changing, and your hopes and aspirations are regularly being updated. That's why I say this is a life long struggle - for everybody.
Personal relationships are often based on affection - professional relationships can have affection but they must have mutual understanding, trust and respect.