Quotes from the Industry Thought Leaders: Get Inspired for 2014

Lake Effects Blog

Thursday, February 13, 2014

Learning from the industry experience of others is one of the most important keys to success in business.  The innovative business leader models by successful examples and practice.   By sharing thoughts, ideas and experiences with their colleagues, business leaders can inspire others and impart some of the wisdom they have earned through trial and tribulation in the rapidly changing business environment.

At Lake Forest Graduate School of Management we are creating the business leaders of tomorrow.   Strategic leadership is the most rewarding and challenging role of an executive and the following are inspirational quotes from some of the best leaders of our time.


“Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others. “

—Jack Welch started his career as a chemical engineer and worked his way all the way to become CEO of General Electric. When he left GE in 2001, his severance payment remains to this day the largest such payment in history at $417 million.


“The most dangerous leadership myth is that leaders are born-that there is a genetic factor to leadership. That’s nonsense; in fact, the opposite is true. Leaders are made rather than born. “

—Warren Bennis is a pioneer in the field of leadership studies. He is the Founding Chairman and currently a Distinguished Professor at The Leadership Institute at the University of Southern California.


“Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.”

 —Peter Drucker was one of the most distinguished authors of modern business theory. He helped to develop the basic tenets of management education and invented the concept known as management by objectives.


“The key to successful leadership today is influence, not authority.”

—Kenneth Blanchard is an author and management expert. He has written extensively about the challenges of day to day management and leadership.


“I cannot give you the formula for success, but I can give you the formula for failure, which is: Try to please everybody. “

—Herbert Swope won the Pulitzer Prize for Reporting three times. He was the business writer for New York World newspaper.


“Fortune does favor the bold, and you’ll never know what you’re capable of if you don’t try.”

– Sheryl Sandberg is currently COO of Facebook and the first woman to serve on the Facebook board of directors.


“The growth and development of people is the highest calling of leadership.”

—Harvey Firestone was a global business pioneer as founder and leader of the Firestone Tire Company.


“Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it’s amazing what they can accomplish.”

—Sam Walton was one of the most successful entrepreneurs in history, beginning his career as a clerk at JC Penney and going on to found Wal-Mart and Sam’s Club.

One of the most recognized speakers of all time manages to sum them all up in a simple instruction that should be the most basic tenet of any business person, whether a leader or follower.


“Whatever you are, be a good one.”
—Abraham Lincoln.

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