Here is the full transcript of Matt Beeton’s talk titled “What Do All Great Leaders Have In Common” at TEDxOxbridge conference.
Listen to the audio version here:
TRANSCRIPT:
According to recent research, 80% of leaders today fail to impress in the first two years of their leadership roles. 70% admit to being incredibly stressed, and over 70% admit to not enjoying the job. Gone are the days when we used to have a job for life; today, people stay in a job for four years, and within the millennials, that’s only three years. When I saw those statistics, I was terrified; I’m in the middle of my career, but that doesn’t mean that great leadership isn’t around us, it’s all around us.
The Quest for Great Leadership
So, I’ve been writing a book about leadership, about emotional intelligence, trying to find what the common denominator, the X factor of great leadership is. I started this a couple of years ago, and I started where everybody starts research, and that’s on Google. And I typed in “great leadership,” and these are some of the faces that came up on the very first page of Google.
A couple of observations: firstly, you’ll know them all, probably. Secondly, if I’d have given you, an intelligent audience, the opportunity to think of a category or a heading where you could sandwich Captain Kirk between Mother Teresa and Martin Luther King, I bet you couldn’t have done it. But there he is. So, these are all the people that we know and love. I’ve got twin boys, nine years of age.
And I asked them in the kitchen the other week, “Who do you think is a great leader?” And Oliver said, “Barack Obama.” Nine years of age, and he picked probably one of the most influential leaders of our time. William picked me. Fifty pages are searched in Google, couldn’t find a single picture of me anywhere, but I take solace in the fact that they’re twins, they’re pretty similar, and Oliver’s so right, William can’t be so wrong.
Beyond Fame: The Essence of Leadership
But great leadership isn’t reserved for those famous people that we see here. You all know great leaders. I’ve been privileged enough to work for a couple of great leaders. I’ve got friends and peers, and some of those are great leaders. I’ve had a great leader who’s worked for me.
So, what is the X factor of great leadership? Well, according to the research I’ve done, I’ll tell you what it’s not. Contrary to popular belief, great leadership isn’t IQ. It’s an entry point. It certainly helps, but it’s not IQ. I know some really clever people who have failed in a number of leadership positions.
It’s not privilege. Some of those people weren’t born into money privilege, they weren’t born into educational privilege. It’s not job title. As nice as it is to have CEO or chairman next to your name, job title’s actually listed as one of the top ten reasons why leaders fail, because they rely on that title for respect. So, within my research, I’ve been looking for the common denominator, and how do we categorise that?
The Power of Emotional Intelligence
Emotional intelligence. And it’s frustrating, because it’s been stigmatised for so long. It’s woolly. It’s a black art. It’s soft management. You can’t measure it. Or maybe you can’t measure it. And just because it’s emotion doesn’t mean it’s not important. Some of the most significant events on earth happen because of emotion.
So, what I’d like to do today is pick three of those common denominators, just three, and offer it to you as an audience of pointers, three pointers for great leadership. And I’ll start with people. Now, people covers a whole spectrum of stuff.
The Three Pillars of Great Leadership
But what I’d like to do is concentrate on connection. Every leader needs a connection with people. But if you need a connection with people, you have to have a connection with yourself. You have to know yourself fully.
Self-reflection’s one of the cornerstones of great leadership. Understanding yourself, knowing what makes you happy, what makes you sad, what makes you motivated, what gives you those negative feelings that sometimes have a negative output. But self-reflection’s nothing without self-regulation. If you can’t regulate your response when your emotions tell you something else, well, then we have a problem.
So self-regulation is essential. Everybody’s got an ego. The great leaders that you saw there all have a pretty small ego, with the exception of Captain Kirk, who has a shoe, ironically, the size of a planet, actually. But everybody’s got an ego. I’ve got an ego. You all in this room have an ego. And sometimes it’s essential to take a tactical bruise on that ego for the betterment of an organisation.
So that’s self-reflection, self-regulation, and then we have to look at self-perception. Your perception of yourself has to be as close to other people’s reality as possible. If you think you’re great and open and honest and your team doesn’t, well, then you’ve got a disconnect and you’ve got a problem. If you think you’re really shy and you don’t really say what you want to say but your team thinks that you are quite outspoken, you’ve got a disconnect and you’ve got a problem. Your perception of yourself has to be as close to other people’s reality as possible.
So, we’re working on those three things. And it’s a never-ending journey. You’ll never master it. It’s something that you’ll carry on and on doing. And then you have to create a safe environment. And I’m not talking safe in the traditional sense, hard hat and boots. I’m talking about creating a climate where people are able to say and do what they need to say and do. But for leaders, that’s terrifying because it means feedback.
Now, we all know that feedback’s a gift.