The above quote is from James March, an emeritus professor at Stanford. I would argue that Jim is the most prestigious living organizational theorist. If I believe the rumors I hear from "well-placed sources," he came pretty close to winning the Nobel Prize in Economics last time and has a decent chance do so in the future. I thought of Jim's quote (which is from an email he sent me about five years ago and is quoted in our book Hard Facts) when I received an invitation to a leadership conference at a prestigious university proclaiming that — given defective but widely accepted leadership models that fueled the financial crisis — it is time for some really smart academics and business leaders to get together and "imagine" a radically different and better kind of leadership.
Frankly, I felt physically ill as I read the hype around this conference because, once again, I see people arguing that reinvention and radically new ideas are needed to save the day. Yet, in fact, there is plenty of old evidence (not to mention common sense) kicking around that shows the best leaders are competent and benevolent and that they put the interests of their followers and customers ahead of their own greedy desires. Is that a shocking new idea to you?
Yes, there are nuances and tweaks that emerge from new research and innovative leaders all the time, but just as in the rest of life, progress occurs one tiny and often painful lesson at a time — not through some magical process where ultra-smart people (many of whom brought us the defective models that got us in this mess) imagine a brand new kind of leadership.
I bet that Kurt Vonnegut never read any management theory. But he got it right in his "Joe Heller" poem that I love so much — where he suggested that emotionality healthy human-beings are content with having enough to live well, with the knowledge that they have enough, and they don't constantly yearn for, demand, and take more more more status, money, and power for me me me. I don't think this mindset requires any radical new inventions or leadership models — I bet you knew that before you ever read this post. And I contend that anyone who claims that it does — or worse yet, claims they have invented such a radical new model — suffers from arrogance, ignorance, or both (to paraphrase Jim March's wise words.)
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