It's a couple of months old, but the message form this article is brilliant: "Even Good CEOs Can Pick the Wrong Direction" (USA Today, 11/7/2007).
In the article, leadership gurus Noel Tichey and Warren Bennis researched and reported on CEOs that made errant judgement calls with their organizations' best interests in mind. Citing examples like decisions to market Crystal Pepsi, fumbled IPOs and catastrophic changes to advertising, the authors applaud calculated risk-takers but highlight when corrective action was required. Their findings are available in their book, " Judgement: How Winning Leaders Make Great Calls."
The USA Today article is a good lesson for leaders of chambers of commerce-- knowing when to take risks for the benefit of the organization and its members, but also having the ability to make the judgement calls when things go awry.
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