Archive for the ‘Self-Reliance’ Category
Do you believe in yourself, your abilities and possess the confidence to succeed in life? It is impossible to develop a high degree of confidence without first having a strong sense of self-belief. This implies knowing without a doubt that you can do it, no matter what you realistically set your mind to do. “Henry Ford had tremendous self-belief and he constantly preached on it. He would hire workers [who] didn’t know [the] understand the meaning of impossible and would keep pushing the limits of their imagination.” 
Without a strong sense of self-belief, Estée Lauder (Estée Lauder) would never have even taken her first steps forward. “A tireless believer in herself, in her wares, and in hard work, Lauder haunted a purchasing agent at Saks Fifth Avenue, New York’s classy department store, until she landed a small order. From there, she staked out her ever larger, ever more laden counters in the nation’s leading emporiums.” 
Self-belief fuels a strong sense of optimism. Jeff Bezos (Amazon) observed: “Optimism is essential when trying to do anything difficult because difficult things often take a long time. That optimism can carry you through the various stages as the long term unfolds. And it’s the long term that matters.” 
Self-belief and optimism provide effective leaders the means to overcome adversity and failure, as was exhibited by John Chambers (Cisco) when he saw his revenues collapse. “Cisco executives say Chambers always believed that Cisco would come out of the bust stronger. ‘We’re extremely optimistic that John Chambers will see to the success of all of us,’ says Mona Hudak, a Cisco manager. ‘We really are trying to build a great company that’s built to last,’ Chambers says.” 
Theodore Vail (AT&T) originally left AT&T after the initial investors did not concur with his vision of the company. After J.P. Morgan (J.P. Morgan Bank) acquired AT&T, Vail was brought back to implement his vision. “Vail’s determination and his confidence in the telephone company’s future were unshaken by the fact that the money market was dangerously sagging and recession loomed ahead.
“’When Mr. Vail came back to the telephone company as president,’ an executive at the Chicago associated company later recalled, ‘telephone men and the public generally recognized that somebody was there who not only knew the telephone business, but the world’s business, and it restored confidence.’ Vail was more than just a ‘telephone man;’ he was a knowledgeable entrepreneur, in his 20-year absence from the company, his successful business ventures had made him a millionaire several times over.” 
 Henry Ford – Leadership Case Study (http://www.leadership-with-you.com)
 Guzzardi Jr. Walter, The U.S. Business Hall of Fame (Fortune Magazine, March 14, 1988)
 Walker, Rob, Jeff Bezos Amazon.com – America’s 25 Most Fascinating Entrepreneurs (Inc. Magazine, April 1, 2004)
 Maney Kevin, Chambers, Cisco Born Again (USA Today, January 21, 2004)
 Fry Annette R., Man of Decision (Bell Telephone Magazine, March-April 1975)
Excerpt: Great! What Makes Leaders Great, What They Did, How They Did It and What You Can Learn From It (Majorium Business Press, 2011)
If you would like to learn more about the self-belief and confidence of the great American leaders through their own inspiring words and stories, refer to Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It. It illustrates how great leaders built great companies, and how you can apply the strategies, concepts and techniques that they pioneered to improve your own leadership skills. Click here to learn more.
Copyright © 2011 Timothy F. Bednarz All Rights Reserved
Have you ever been overwhelmed by your personal circumstances? The current recession has caused many to despair over the problems that seem to overwhelm them… lost jobs, downsizing, pay cuts, you name it. Many just want to give up and quit!
What can the experience of the great leaders teach us? Despite nearly hopeless circumstances, the great and influential leaders’ steadfastness, perseverance and personal drive would never allow them to consider quitting.
Herb Kelleher (Southwest Airlines) faced overwhelming challenges when he initially launched his airline. He was immediately sued by his competition to prevent Southwest Airlines from making its first flight. He described his experience, “For the next four years the only business Southwest Airlines performed was litigation, as we tried to get our certificate to fly. After the first two years of defending lawsuits, we ran out of money. The Board of Directors wanted to shut down the company because we had no cash. So I said, ‘Well guys, suppose I just handle the legal work for free and pay all of the costs out of my own pocket, would you be willing to continue under those circumstances?’ Since they had nothing to lose, they said yes. We pressed on, finally getting authorization to fly…
Our first flight was to take off on June 18, 1971 and fly between Dallas, Houston and San Antonio. I was excited about being in the airline industry because it’s a very sporty business. But the regulatory and legal hoops enraged me. I thought if we can’t start a low cost airline and the system defeats us, then there is something wrong with the system. It was an idealistic quest as much as anything else. When we brought the first airplane in for evacuation testing (a simulated emergency situation) I was so excited about seeing it that I walked up behind it and put my head in the engine. The American Airlines mechanic grabbed me and said if someone had hit the thrust reverser I would have been toast. At that point I didn’t even care. I went around and kissed the nose of the plane and started crying I was so happy to see it.” 
Conrad Hilton (Hilton Hotels) went bankrupt during the Depression. “Faced with challenges that might have seemed insurmountable, he did what he had done since he was a boy—resolved to work hard and have faith in God. Others, it seemed, made up their minds to put their faith in Hilton. He was able to buy goods on credit from locally owned stores because they trusted his ability and determination to one day pay them back. As the kindness of others and his own ingenuity helped him rebuild his hotel empire to proportions previously unheard of, he solidified his commitment to charity and hospitality—two characteristics that became hallmarks both of Hilton Hotels and of the man who began them.” 
Walter and Olive Ann Beech (Beech Aircraft) started their company during the Depression. “‘She was the one that kept trying to get the money together to pay the bills,’ said Frank Hedrick, her nephew, who worked with her at Beech for more than 40 years and who succeeded her in 1968 as president of Beech Aircraft…
She said she didn’t give much thought to the problems of starting a new company at a time when most airplane companies were closing, not opening. ‘Mr. Beech thought about that,’ she said. ‘(But) he had this dream and was going to do it. He probably didn’t know how long the Depression was going to last.’ The first few years were difficult, she said. They sold few airplanes. ‘We had to crawl back up that ladder.’” 
Olive Ann Beech overcame additional adversity, when she took over the company, after her husband contracted encephalitis during the Second World War and again, after he suddenly died in 1950.
Joyce Hall (Hallmark) saw his company literally go up in smoke, three years after he started it, when his business burned to the ground. “Hall was $17,000 in debt when a flash fire wiped out his printing plant. Luckily, he was able to sweet-talk a local bank into an unsecured $25,000 loan, and he has not taken a step back since. By the late 1930, Hallmark was one of the top three cards.” 
Herb Kelleher (Southwest Airlines) “never considered giving up, despite having a wife and four children at home. Did stress keep him awake nights? No, Kelleher says he was already awake nights, working at his office. ‘I figured if I was working when they were sleeping, it gave me an edge.’ And when he was home, ‘the iron curtain came down,’ walling off the business worries.” 
Milton Hershey (Hershey Foods) failed miserably in his first endeavor, a confectionary store in Philadelphia. “In 1886, he was penniless. He went back to Lancaster but did not even have the money to have his possessions shipped after him. When he walked out to his uncle’s farm, he found himself shunned as an irresponsible drifter by most of his relatives.
This time, though, fortune finally smiled on Mr. Hershey. William Henry Lebkicher, who had worked for Hershey in Philadelphia, stored his things and helped him pay the shipping charges. Aunt Mattie and his mother began once again to help him and Milton started experiments which led to the recipe for ‘Hershey’s Crystal A’ a ‘melt in your mouth’ caramel candy made with milk.” 
“In 1924 [Clarence] Birdseye (Birdseye Foods) helped form the General Sea Foods Co. in Gloucester, Mass., and he began freezing food on a commercial scale… But despite an infusion of cash from a few investors as well as the creation of specially made freezers to hold his product, the country was not yet ready to accept the prospect of frozen food. It took another seven years before Birdseye’s vision came to fruition. As time passed, he continued his experiments with the quick-freezing process… Almost bankrupt, Birdseye continued to press for believers in his inventions. In 1925 he found one in the guise of Postum Cereal heiress Marjorie Merriweather Post.” 
Walt Disney (Disney) not only went bankrupt, but also experienced additional adversities. “The company failed due to Disney’s inability to manage the finances, but Disney persevered, continuing to believe in himself and in his dream. He teamed up with his brother, who took care of the financial side of the business and the two moved to Hollywood to found Disney Brothers’ Studio.
But there would still be stumbling blocks. The studio created the popular Oswald the Lucky Rabbit cartoon character for Universal, but when Disney requested an increase in budget, producer Charles B. Mintz instead hired away most of Disney’s animators and took over production of the cartoon in his own studio. Universal owned the character’s trademark, so there was little Disney could do.
After the Oswald fiasco, Disney set about creating a new cartoon character to replace Oswald. That character became one of the most recognizable symbols in the world: Mickey Mouse.” 
 Kristina Dell, Airline Maverick (Time Magazine, September 21, 2007)
 Gaetz Erin, Conrad Hilton’s Secret of Success (American Heritage People, August 2, 2006)
 Earle Joe, Olive Ann Beech Rose to Business Greatness (The Wichita Eagle, February 11, 1985)
 The Greeting Card King (Time Magazine, November 30, 1959)
 Vinnedge Mary, From the Corner Office – Herb Kelleher (Success Magazine, 2010)
 Milton S. Hershey: 1857-1945 (Milton Hershey School; mhs-pa.org)
 Elan Elissa Clarence Birdseye (Nation’s Restaurant News, Feb, 1996)
 Bostwick Heleigh, Turning a Dream into a Kingdom: The Walt Disney Story (LegalZoom, July 2009)
Excerpt: Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It (Majorium Business Press, 2011)
If you would like to learn more about the persistence and perseverance of the great American leaders through their own inspiring words and stories, refer to Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It. It illustrates how great leaders built great companies, and how you can apply the strategies, concepts and techniques that they pioneered to improve your own leadership skills. Click here to learn more.
Copyright © 2011 Timothy F. Bednarz, All Rights Reserved
Every one of us experiences failures and faces adversities. Our response defines us as a leader. The great and influential leaders were no strangers to failure. My research illustrates that most experienced levels of failure and adversity that would compel typical individuals to pack their bags and quit in frustration and disappointment.
The levels of success they achieved did not come easily, but they were persistent. Their personal levels of perseverance and self-reliance are what realistically defined them. Most viewed failure as a learning experience, rather than a defining event. Fred Smith (FedEx) observed, “Just because an idea isn’t implemented or doesn’t work out doesn’t mean that a person has failed.” 
Early in his career at Johnson & Johnson, General Robert Wood Johnson taught James Burke a valuable lesson about failure. “Shortly after he arrived at J&J in 1953 as a product director after three years at Procter & Gamble, Burke attempted to market several over-the-counter medicines for children. They all failed-and he was called in for a meeting with the chairman.
‘I assumed I was going to be fired,’ Burke recalls. ‘But instead, Johnson told me, ‘Business is all about making decisions, and you don’t make decisions without making mistakes. Don’t make that mistake again, but please be sure you make others.’”
In 2001, John Chambers (Cisco) saw his company’s revenues and stock price fall off the cliff during the tech and telecom busts. He was challenged with the reality of massive and likely fatal failure. “Within days of realizing Cisco was crashing, Chambers leapt into trying to fix it. ‘He never dwelled on it,’ says Sam Palmisano, CEO of IBM (IBM) … ‘John kept the company focused. He said this is where we are, and he drove the company forward.’
He reached out to [Jack] Welch (General Electric) and a handful of other CEOs. They told him that sudden downturns always take companies by surprise, ‘so I should quit beating myself up for being surprised,’ Chambers recalls. He did. Chambers decided that the free fall had been beyond his control. He now wraps it up in an analogy he retells time and again, likening the crash to a disastrous flood: It rarely happens, but when it does, there’s nothing you can do to stop it… Those other CEOs also told Chambers to figure out how bad it was going to get, take all the harsh action necessary to get through it and plan for the eventual upturn.” 
David Packard (Hewlett-Packard) faced failure and adversity in a gruff and straightforward manner. “When he returned to HP in the early 1970s after his stint as deputy secretary of defense and found the company on the verge of borrowing $100 million to cover a cash-flow shortage, he immediately met with employees and gave them what came to be known as a ‘Dave Gives ‘Em Hell’ speech. Packard lined up the division managers in front of employees and told them, ‘If they don’t get inventories under control, they’re not going to be your managers for very long.’ Within six months, the company once again had positive cash flow, to the tune of $40 million.” 
John D. Rockefeller (Standard Oil) advised, “‘Look ahead… Be sure that you are not deceiving yourself at any time about actual conditions.’ He notes that when a business begins to fail, most men hate ‘to study the books and face the truth.” 
 Federal Express’s Fred Smith (Inc. Magazine, October 1, 1986)
 Alumni Achievement Awards: James E. Burke (Harvard Business School, 2003)
 Maney Kevin, Chambers, Cisco Born Again (USA Today, January 21, 2004)
 O’Hanlon Charlene, David Packard: High-Tech Visionary (CRN, November 8, 2000)
 Baida Peter, Rockefeller Remembers (American Heritage Magazine, September/October 1988, Volume 39, Issue 6)
Excerpt: Great! What Makes Leaders Great. What They Did, How They Did It and What You Can Learn From It. (Majorium Business Press, 2011)
If you would like to learn more about the self-reliance, perseverance and resolve to continue of the great American leaders through their own inspiring words and stories, refer to Great! What Makes Leaders Great: What They Did, How They Did It and What You Can Learn From It. It illustrates how great leaders built great companies, and how you can apply the strategies, concepts and techniques that they pioneered to improve your own leadership skills. Click here to learn more.
Copyright © 2011 Timothy F. Bednarz All Rights Reserved