INSTANT MBA: "As Soon As You Believe That You Are On Top Of The Game, You Probably Have Lost It"

Peter Loscher Siemens

Photo: WikiCommons

Today’s advice comes from Siemens CEO Peter Löscher’s interview with The New York Times:“You have to recognise as a leader that you also make mistakes. I’m always telling people, ‘Look, I make a mistake every day, but hopefully I’m not making the same mistake twice.’ If you think that you’re not making mistakes then you are not making the tough decisions that you should make as a leader.

“I’m never satisfied. The biggest threat for anything and anybody is complacency. As soon as you believe that you are on top of the game, you probably have lost it.”

Löscher, who was just reappointed to a five-year term last week, was the captain of the volleyball team in high school and college, where he learned the difference between a good team and a great team is usually mind-set, when all of a sudden, “a team clicks.”

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