5 leadership mistakes that kill your firm's hopes of success
By siliconindia   |   Wednesday, 25 May 2011, 03:47 IST
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3. Unlimited Tolerance
Yes, the virtue of tolerance is absolutely necessary to be a leader; however, when it's unlimited, it's a dangerous notion. When you don't have a clear definition to your employees on what is acceptable and unacceptable, the chance of failure is much higher than that of success. You cannot accept the lame excuses instead of results. Your act of tolerance should not be taken for granted and you should not count the amount of false efforts put in to give the justifications and rationalizations for certain courses of action. "What you want, and what the winner's mindset demands, are insightful explanations for the gap between expected and actual performance," says Hamm. "These are informed guesses - as informed and objective as they can be, untainted by the effort expended in dodging responsibility. There is tolerance of the simple fact that we don't have control over every variable in the game, so at times - through either forces outside our influence or simply not having run our best play - the results are not as we wish."