It seems that you can’t open a newspaper without reading about a prominent business leader or politician breaking the rules (or the law). So what drives such smart and powerful people to do such foolish things? Though this topic is not a new one, it is too often repeated. Harvard Business School professor Bill George outlines for Business Insider why powerful leaders often misbehave.
George’s answer is that when given power, many leaders lose their moral bearings. Here are his key points:
- Self-reflection: a path to leadership development — not all leaders know why they want to lead; without a desire to do a greater good (besides accumulate wealth) leaders lose track of why they are leading
- The leadership trap — leaders become consumed with “external gratification” and lose touch with reality; often times leaders may like power because it overcompensates for shortcomings in their youth
- The dark side of leadership — if a leader got to his position by abusing and manipulating others, they have fear that they will be abused, manipulated and replaced themselves
- Values-centered leadership — leaders should find an activity that helps them to relieve stress and to focus on serving the people they lead; leadership should revolve around values rather than power
- A system to support values-centered leadership — leaders need to surround themselves with people that will help them maintain their focus on values and service