I’m going to try a little experiment and would like your help.

I’ve often looked at successful leaders and have tried to pinpoint what sets them apart. What things do they (or in some cases, don’t do) that make them so successful? Is it management style? Leadership skills? Unique abilities? What do they do differently than the rest of the pack?

What's the secret behind Steve Jobs' incredible accomplishments? Or how about Carol Bartz? John Chambers? Dianne Green? What do each one of these successful leaders do that is so unique? Why have they been able to rise to the top?

I had an interesting thought last week while thumbing through the book Simplexity, Why Simple Things Become Complex (and How Complex Things Can be Made Simple), by Jeffrey Kluger. The book is thought-provoking and intellectually stimulating. When I first put the book down, I sat there for a moment and tried to apply what I’d read to my leadership role at StrongMail. And then, BAM! I realized that maybe I was looking at this all wrong. Instead of trying to identify unique traits, I'm going to reverse my approach and start looking at the commonalities of successful leaders for insight.

One clear common attribute of successful leaders is their team. Every successful leader has a great team—they’re leaders in their own right. Steve Job of Apple has a great team. Carol Bartz of Autodesk had a great team. John Chambers of Cisco, again, has a great team. A great team attracts great people. Great people execute.

Over the next month or so, I’m going to take note of more commonalities during my interaction with people: internal meetings, prospect and customer meetings, reading the business press and my news sources. I’d like for you to do the same.

Let’s try to assemble the top 10 common attributes of successful leaders to share with this audience.

I look forward to hearing your thoughts, observations and personal experience on this topic.

While I was getting caught up on my business reading during a recent flight, I came across a very interesting article in the June 9, 2008 issue of Fortune Magazine called “Lessons of the Fall,” by Patricia Sellers.

It was fascinating to read the back-story to some of these high-profile CEO ousters and the dynamics of the CEO and their respective Board members. The article covers three well-known CEO’s who lost their jobs involuntarily: David Neeleman, founder of JetBlue, Jim Donald, former CEO of Starbucks and Ed Zander, former CEO of Motorola. First, kudos to Fortune Magazine and writer Patricia Sellers for pulling together this story. How lucky are we to be able to read about these men and learn from their mistakes?

What I found most interesting about this article was the honesty that all three executives displayed when discussing what is surely a highly personal, pivotal and emotional period in their careers. All three executives were at one point “high-fliers”—so getting them into a room to talk about their toughest day and outline their lessons learned presents an amazing educational opportunity for management-types. And, of course, I was intrigued to read lessons from other graduates of the School of Hard Knocks.

Here is the free advice that I was able to extract from these three senior executives:

• Communications: Keep your key constituents updated. If you don’t, they will draw their own conclusions.
• Invest abroad to grow and hedge.
• Get inspired in the field. Prospects really do know what they need – and, they’ll tell you for free. Just ask them.
• Move fast on people, whether it’s hiring or firing. Great talent makes or breaks a company.
• Focus on building long-term value. Focus on the decisions that reinforce your long-term strategy.
• Admit your mistakes. Explain them and move on.
• Ideas are good. But execution is everything.

In addition to the information above, I found some other very nice pieces of free advice sprinkled throughout the article from the likes of Ted Turner, Martha Stewart and Oprah Winfrey:

• Keep taking risks.


• Don’t let doubters get you down.


• Seek a purpose.


• Visualize the next big win.


• Learn from your mistakes.


• Remember: Failure can be temporary.

I enjoyed the simplicity of the article and the nuggets provided by all three executives. There weren’t any new, ground-breaking management theories outlined in this article, just good-old fashioned, tried–and-true business tenets. Lessons learned from The School of Hard Knocks.