Wikipedia defines wisdom as: “a deep understanding and realization of people, things, events or situations, resulting in the ability to apply perceptions, judgements and actions in keeping with this understanding. It often requires control of one’s emotional reactions so that universal principles, reason and knowledge prevail to determine one’s actions.”. Sometimes leaders do dumb things albeit well intentioned. In this article, wisdom and leadership is explored in an interesting way.
The insider trading scandal convicting Rajat Gupta of conspiracy and securities fraud is not just an embarrassment for the executives of McKinsey. We, as management consulting professionals, pride ourselves in maintaining the highest of professional standards in all respects always. Now, here is the ex head of the most prestigious management consulting company abusing his access to confidential information. This is an embarrassment for all of us who live by the high standards of integrity.
Source: New York Times
“Great entrepreneurs know how to recognize an opportunity and aggressively pursue it. They know how to attack a need in the marketplace with real, valuable solutions, even in the toughest markets.”