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Thursday, November 5, 2015

Taking Care of Business - Bill Walsh Style

Bill Walsh's The Score Takes Care of Itself is one of my favorite leadership books. After being coach and GM of the 49ers, Walsh taught at Stanford Business School. For those who don't have the time to read the whole book, here's an 'executive book summary'. 

A few excerpts (and highlights I've added), which makes it understandable why it's a great book:

  1. Aim for a Standard of Performance (which is absolute) vs winning (which is relative to others).
  2. Focus on process which produces results and not on results.
  3. Failure is an integral part of success. Knowing when it happens and what to do when it happens is the first step towards success.
  4. An organization emulates leader’s work ethic.
  5. A leader must make decisions based on “sound logic”, any reactionary reasons (eg. to prove oneself right or to prove someone wrong) are usually bad. (My note: doubling down on bad choices gets even worse results.)
  6. Attitude matters as much as talent, sometimes, talented individuals with bad attitude must be let go off.
  7. Conventional wisdom leads to conventional results.
  8. A leader cannot be casual in any area of life, all his moves must be well thought of with great attention to detail.
  9. Teaching is an important part of a leader’s life – Have a passion for teaching, expertise in the subject, communicate clearly, and have persistence.
  10. Tell people – “I believe in you”. (My note: these are the four most important words you can tell your team.)
No summary does the book justice; it's worth the read.