50-70% Of Leaders Fail. Here’s how To Not Be One Of Them

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Yep, it’s true. The research consistently shows that in the first 18 months of leadership, 50-70% of leaders fail. In my 30+ years of leadership and executive coaching, here are some factors that show up again and again as ones to avoid if you want to succeed as a leader:

1. Lack of Self-Awareness: Leaders who lack self-awareness don’t recognize their blind spots or understand how their actions impact others. To prevent this, leaders should actively seek feedback (individual, 360 or assessments) and engage in self-reflection to understand strengths, weaknesses and triggers.

2. Micromanagement: Overbearing micromanagement stifles creativity and demotivates team members. Keep your own performance anxiety at bay, delegate with appropriate checks, train and trust your team and empower them to make decisions within their roles.

3. Inconsistent Communication: Chaos at the top affects the entire organization. Poor communication creates confusion and undermines trust. The best leaders are transparent, listen actively, and provide clear direction.

4. Misplaced Accountability: Blaming others without taking responsibility for failures erodes trust instantly. Great leaders show courage and hold themselves accountable and foster a culture of accountability.

5. Inability To Embrace Ambiguity and Navigate Change: Refusal to adapt to change causes missed opportunities, stunted growth and stagnant innovation. Learn to see opportunity in ambiguity, learn from failures, and embrace continuous improvement.

6. Self-Focus vs Other focus: Effective leadership is about being a catalyst for collective success, not a solo player. Avoid excessive individualism and focus on collective success.

Remember, leadership is a journey of growth and learning. By avoiding these pitfalls, you can enhance your leadership effectiveness and drive positive outcomes for your team and organization.

Copyright 2024. Sheila Madden. All Rights Reserved.

3 Truths That Will Make Or Break You As A Leader

Sheila Madden, CEO, Madden Coaching & Consulting
Sheila Madden, CEO, Madden Coaching & Consulting

The Cost Of Leadership Failure

These 3 truths about leadership are important to understand not just because they make for a successful leadership career and joyful experience of work. The fact is there is a staggering  financial reality associated with poor leadership that can mean the difference between enterprise success or failure.

Research done by the Center For Creative Leadership indicates that approximately one-third of new managers and executives will fail within 18 months. The cost of those failures can be as much as 5X the executive’s salary.
Continue reading → 3 Truths That Will Make Or Break You As A Leader

75% of Companies Don’t Know If They Have The Talent Needed To Create Value. Do You?

Sheila Madden, CEO, Madden Coaching & Consulting

6 Questions All Executives Should Be Asking Themselves

1. Does everyone on my team and in the organization know our strategy and are they aligned and committed to do what it takes to execute it successfully?

2. Do  I have the right talent in the right places (in the world as well as in the organization) doing the right things to successfully execute our strategy today and in the future?
Continue reading → 75% of Companies Don’t Know If They Have The Talent Needed To Create Value. Do You?

20 Habits That Can STOP You From Being An Extraordinary Leader

Sheila Madden, CEO, Madden Coaching & Consulting

Wisdom from Marshall Goldsmith & Peter Drucker

One of my favorite leadership books is Marshall Goldsmith’s, “What Got You Here Won’t Get You There”.  I particularly like the chapter on the 20 habits that can keep leaders, and subsequently their organizations, from being extraordinary and reaching their full potential.

Goldsmith shares a great quote from Peter Drucker:

“We spend a lot of time teaching leaders what to do. We don’t spend enough time teaching leaders what to stop. Half the leaders I have met don’t need to learn what to do. They need to learn what to stop.”

Continue reading → 20 Habits That Can STOP You From Being An Extraordinary Leader