Below were some comments and advice from Dr. David Jemison at the McCombs School of Business at the University of Texas. He left us with this as part of the final course session of his career. Great guy and great advice.
1. Maintain personal integrity.
2. Seek accomplishments and not excuses. Accept responsibility for issues and defer kudos to your team.
3. Make a commitment to someone bigger than yourself. Be willing to make counter-intuitive decisions, and encourage risk taking in the context of the higher calling.
4. Eliminate mediocrity by example. Excellence comes from standards and self-discipline. There are 100,000 new MBAs each year - how many are leaders?
5. Do a superb job in your current position, and the future will take care of itself.
6. Focus on the critical elements of success. Know what you do to create value, and know how your firm creates value. Communicate that to your team.
7. Develop your people. Have a critical but compassionate mind. Encourage your people to grow and learn for a lifetime.
8. Make change effectively and with consideration. Understand that there's a cost associated with change, and compensate the people who need to change. Think of ways to reduce certainty - your team will step up to solve challenges.
9. Listen to the organizationally mute. Know what the front line is going through.
10. Surround yourself with challenging people.
11. Be aware of the world and encourage your people to do the same. Increase the variation in the inputs you get.
12. Covet your time, and learn to say no. Delegation is just fine.