Estate Planning

According to Jim Collins, a professor at the University of Boulder, Colorado and writer on how businesses become highly successful in books such as Good to Great, Great by Choice and Built to Last, he suggests there are 13 styles of Leadership and 5 different Levels of Leaders.

The 13 Styles Are:

1. CHARISMATIC
Tend to suck up oxygen and their reigns tend to be cult-like.

Example: Theodore Roosevelt

2. AUTHENTIC
Guiding beacons of constancy and discipline who take time to reflect. Shooting stars by comparison rocket to the top with no time to reflect or deepen.

Example: James Goodnight- SAS

3. MINDFUL
Pay attention, notice, probe, analyze and listen to others and the environment within which they operate

Example: A.G. Lafley- Proctor and Gamble

4. SERVANT
Wash each other’s feet. Serve first, then lead so as to serve better.

Example: Herb Kelleher- Southwest Airlines

5. STORYTELLING
Entrepreneurs whose stories are their own

Example: Steve Jobs and Richard Bransen

6. ADAPTIVE
Adaptive leaders rise above the noise to interpret dynamic situations, adjust their values to changing circumstances and then help people stretch to meet the unfamiliar without sacrificing their trust.

Example: Alan Mulally- Ford

7. TRIBAL
Shared values, beliefs united under a common culture.

Example: CEO of Zappos

8. LEVEL 5
Bestows credit generously, shoulders blame responsibly and puts organization before self.

Example: Darwin Smith- former CEO of Kimberly-Clark

9. RESONANT
Moral rises and falls with the mood of the leader.

Example: Colleen Barrett- Southwest Airlines

10. EMOTIONALLY INTELLIGENT
Awareness of one’s own feelings and the feelings of others

Example: Warren Buffet

11. STRENGTHS BASED
Identify and invest in their own and their employee’s talents. Do you influence or are you a superb strategic thinker?

Example: Simon Cooper former CEO of Ritz Carlton.

12. NO-EXC– USE
Mentally tough and Accountable

Example: Brace Barber U.S. Army Elite Ranger

13. NARCISSISTIC
Don’t listen, don’t learn, don’t teach, don’t brook dissent

Example: Bill Gates

The Five Levels of Leaders Are:

LEVEL 5 EXECUTIVE

Builds enduring greatness through a blend of personal humility and professional will.

Channels their ego needs away from themselves and into the larger goal of building a great company. Modest and willful, humble and fearless. Sets up successors for success. Unwavering resolve to do what must be done.

Looks out the window to apportion credit to factors outside themselves when things go well and looks in the mirror to apportion responsibility never blaming bad luck when things go poorly. They build, create and contribute.

LEVEL 4 EFFECTIVE LEADER

Catalyzes commitment to and vigorous pursuit of a clear and compelling vision stimulating higher performance standards.

LEVEL 3 COMPETENT MANAGER

Organizes people and resources toward the effective and efficient pursuit of pre-determined objectives.

LEVEL 2 CONTRIBUTING TEAM MEMBER

Contributes individual capabilities to the achievement of group objectives and works effectively with others in a group setting.

LEVEL 1 HIGHLY CAPABLE INDIVIDUAL

Makes productive contributions through talent, knowledge, skill and good work habits.

To preserve wealth and to do so for generations means being a leader in a family, maybe a neighborhood, possibly a community, region or more. What is your leadership style and how effective of a leader are you in your wealth preservation.

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