![]() They are willing to forego short-term gains to achieve enduring returns. Long-term View: Steward leaders are long-term thinkers. Having to depend on modest pay is not a bad thing. "So how come I need 10 years of living expenses set aside and you don't? That doesn't make any sense. "Most people live paycheck to paycheck," he says, according to this article on inc.com. Many called him a socialist who was going to bring a successful business down to the ground, but the goodwill it generated has had the opposite result on the company’s performance and results. To do so, he even had to cut his own $1.1 million salary down to $70K. Soon after an employee in his company complained to him that it was difficult to live a decent life on $35,000 a year, he raised the minimum wage in the company to $70,000. A case in point is Dan Price, CEO of Gravity Payments. Rejecting the notion of a zero-sum game, they develop the win-win habit and view their own success along with others rather than against them. Steward leaders see the world as an integrated and interconnected web in which the success of each constituent is coupled with that of other constituents. Interdependence: Strong belief in the idea of interdependence forms the foundation of stewardship. We will elaborate on organizational endurance in Part II of this article. The remaining paragraphs here first briefly discuss the four stewardship values, then provide some food for thought on developing one’s stewardship purpose. These steps enable steward leaders to create happiness, resilience, and fulfilment for themselves, as well as build enduring success for their organizations. Together, the stewardship values and purpose form one’s core compass. Deriving limitless energy and courage from your strong belief in your core compass, relentlessly pursue your purpose while living your values at all times. Don’t give up. Based on these values, develop honest clarity about your stewardship purpose – the better future you want to create for yourself and others.ģ. Include the core (four) stewardship values shown in the figure above, in your list of deeply held personal values.Ģ. ![]() So how does one become a great steward leader? Three steps – two foundational and one ongoing:ġ. They do make money, they do have commercial and financial ambitions, but they challenge themselves to achieve superior returns by doing good and doing right for society at large. This proactive orientation of succeeding by doing good not only keeps them out of trouble it also makes them high achievers who thrive on giving rather than taking. Steward leaders believe that the only way to create sustainable personal and organizational success is to do so by addressing needs of a wide range of stakeholders. Steward leadership is having a proactive desire to create a better future for key stakeholders while responsibly balancing the needs of others, society, future generations, and the environment. ![]()
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