Lee Scott on Leadership

This afternoon, Lee Scott, former CEO of Wal-Mart, spoke at the Forty Under 40 Luncheon in Rogers, Arkansas. I thought he had some great things to say about leadership. He is obviously well-qualified to speak on the subject. Here’s what he had to say:

1. Hiring people more talented than you is a great way to build a successful career.

2. Ego is the greatest enemy of leadership.

3. When people know what you want, they will often give it to you.

4. The ability to give honest constructive feedback is crucial to being a good leader.

5. Few people feel like they are on top of absolutely every detail. It’s ok. That’s why you build a team you can trust.

6. What you say isn’t nearly as important as what people hear. (Ask someone after a performance review what they will go home and tell their spouse)

7. Even if you feel strongly about something, you might be wrong.

8. Your hardest critics may be most helpful voice you hear.

9. Sharing praise is a compromise. You should just give it all away.

10. Integrity is the single most important characteristic of a good leader.