A New Model of Leadership
Allan L. Scherr
Michael C. Jensen
Social Science Electronic Publishing (SSEP), Inc.; Harvard Business School; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)
August 22, 2007
Harvard NOM Working Paper No. 920623
Barbados Group Working Paper No. 06-02
In this paper we provide a new definition of leadership that gives organizations and individuals access to new power. In our model, leadership consists of four critical elements:
-- The creation of a vision for the future that represents a significant departure from the past, one that requires breakthroughs for its realization.
-- The creation of a system that facilitates enrollment into and elicits voluntary commitment to the vision by the critical mass of people required to discover and implement the breakthroughs required for realization of the vision.
-- The creation of a system that ensures both the timely identification of breakdowns and the dissemination of information about them that, if unresolved, would prevent the successful realization of the vision
-- The creation of a system for managing breakdowns that causes people to voluntarily recommit to the vision and maintain these commitments through to the implementation of the breakthroughs required for the realization of the vision
We give examples, from both large and small companies to illustrate our principles and advice for putting these principles into action.
Number of Pages in PDF File: 40
Keywords: leadership, management, breakthrough, breakdown, innovation, commitment
JEL Classification: M00
Date posted: September 10, 2006
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