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Despite some recent bad press, J.P. Morgan is still an industry leader, and when the CEO offers leadership advice it’s probably worth considering. Here are a few of the essential qualities Mr. Dimon says all great leaders must have:

Discipline

This means holding regular business reviews, talent reviews and team meetings and constantly striving for improvement – from having a strong work ethic to making lists and doing real, detailed follow-up. Leadership is like exercise; the effect has to be sustained for it to do any good.

Fortitude

This attribute often is missing in leaders: they need to have a fierce resolve to act. It means driving change, fighting bureaucracy and politics, and taking ownership and responsibility.

High standards

Abraham Lincoln said, “Things may come
to those who wait … but only the things left
by those who hustle.” Leaders must set high standards of performance all the time, at a detailed level and with a real sense of urgency. Leaders must compare themselves with the best. Huge institutions have a tendency toward slowing things down, which demands that leaders push forward constantly. True leaders must set the highest standards of integrity
– those standards are not embedded in the business but require conscious choices. Such standards demand that we treat customers
and employees the way we would want to be treated ourselves or the way we would want our own mother to be treated.

Full story at LinkedIn.

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