CategoryLeadership Development

If Business is War, Jeff Bezos is a lot like Ulysses S. Grant

By Sean P. Murray
February 2, 2018
3 Min read
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In 1861, Ulysses S. Grant was managing his brother’s leather goods store in Galena, IL, having retired from the military seven years prior. When the Civil War broke out later that year, he reenlisted and quickly rose through the ranks. The officers Grant replaced on his meteoric rise to Commanding General of the Union Army shared a common trait: they were indecisive. While others fretted and stalled, Grant would study the situation, make the best possible decision and move on. In an...

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Setting A Goal this Year? Make it a Process Goal

By Sean P. Murray
January 15, 2018
4 Min read
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Source: Reference-Dependent Preferences: Evidence from Marathon Runners It is the distribution of marathon finishing times collected from over 9 million runners. You might expect to see a smooth bell curve centered around the average time, but that is not what is depicted here. The general outline of the bell curve is evident, but it is punctuated with discrete spikes. At each major time interval, there is a peak of finishers followed by a lull. Anyone who has ever run a road race knows exactly...

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Leadership Lessons from Lewis & Clark

By Sean P. Murray
November 8, 2017
11 Min read
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Charles M. Russell: Lewis and Clark on the Lower Columbia From May 1804 to September 1806, two men led an expedition from St. Louis, Missouri to the Pacific Ocean and back again. The group covered over 7,000 miles, crossed the Rocky Mountains in harsh conditions, and encountered numerous Native American tribes, both friendly and hostile. They were the first people of European descent to explore this territory.  Only one man died on the journey, and that was likely from acute appendicitis. All...

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Management vs. Leadership

By Sean P. Murray
October 6, 2017
4 Min read
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I’m often asked, “what is the difference between management and leadership?”  The best answer I’ve ever heard, and the one I usually give is: Management is about doing things right.  Leadership is about doing the right thing. Like any great aphorism, it is short and memorable.  It does a decent job communicating the big concept, but it can be a little dissatisfying.  The natural follow up question is always, “yes, but how does it really work in practice?”...

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Deep, Long-Lasting, Meaningful Work

By Sean P. Murray
September 6, 2017
5 Min read
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How do some athletes and artists stay dedicated to their craft over many years, even decades? And throughout that time, how do they continue to improve, and turn in game-changing performances and create break-through works of art? In their book, Peak Performance, Brad Stulberg and Steve Magness explore how some individuals are able to find another gear, and develop the focus and dedication to achieve mastery. What is their secret? Well, it’s not really a secret because almost everyone who...

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It’s Not Who’s On Your Team, It’s How You Work Together

By Sean P. Murray
June 27, 2017
4 Min read
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If your boss came up to you today and asked you to form a team for a high-profile strategic project, what would be your first task? If you’re like most people, your thoughts would immediately turn toward whom to select to join your team. After all, we’ve been conditioned to believe that the most important factor for any team is the quality of the players. If you want a super team, fill it with superstars. Just look at the Golden State Warriors. Now suppose your boss gave you a further...

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How My First Boss Saved Me From Failing

By Sean P. Murray
June 12, 2017
4 Min read
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I was 23 years old, in my first professional job and I was failing big-time. My boss had recently handed me a list of five-hundred names and phone numbers and instructed me to cold call them. I picked up the phone and started dialing. I felt a palpable sense of fear and anxiety as I reached for the phone to make each call. I experienced a wave of rejection the likes of which I had never before seen. I was demoralized. My boss could see I was floundering and ready to quit. After a few days, he...

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What We Can Learn from Jeff Bezos about Decision Making

By Sean P. Murray
June 5, 2017
5 Min read
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For the past few years Amazon CEO Jeff Bezos has shared his approach to decision making in his annual letter to shareholders. Given Amazon’s ability to innovate, and its meteoric rise to retail dominance, there is much we can learn from Bezos and his tips for better decision making. Type 1 vs. Type 2 Decisions Bezos categorizes all decisions into two types. Type 1 decisions are big, strategic and consequential. These decisions must be made very carefully and methodically. They are irreversible...

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The Man Who Beat Vegas & Wall Street

By Sean P. Murray
May 31, 2017
5 Min read
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Edward O. Thorp is not well-known outside of finance, but within the investment community he is revered like a rock star. Over two decades, Thorp recorded average annual returns of 19.1%, an incredible achievement. In his recent memoir, A Man for All Markets, Thorp tells his amazing life story, from a child of the depression through an early career as an academic and finally as a successful investor. Independent Thinking Early on Thorp developed a fiercely independent mind that guided his...

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Innovation, Risk & Failure at Pixar

By Sean P. Murray
January 30, 2017
5 Min read
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In a recent interview, Ed Catmull, the cofounder of Pixar, shares his views on risk, failure and culture. The entire interview is worthwhile, but I found Ed’s perspective on these three issues to be especially insightful and applicable to all industries. Taking Risks The nature of innovation requires risk taking. This creates a fundamental tension for leaders who are simultaneously tasked with providing clear, stable leadership and managing a process that creates something new and of...

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