The Championship Formula: How to Transform Your Team Into a Dynasty by Jack Stark

Author:Jack Stark
Language: eng
Format: mobi
Publisher: Emerald Book Company
Published: 2011-10-25T14:00:00+00:00

TEAM-TO-DYNASTY TIP #18. The key to being a great leader or coach is the ability to treat your team equally, but each individual differently based on his or her unique personality. (We all love our children the same, yet treat them differently based on their personality.)

BUFFETT’S COMMUNICATION SKILLS

In 2003, before a game pitting Nebraska against Texas A&M, I accompanied Warren and his good friends Walter Scott Jr. and David Sokol on a pregame tour of our Nebraska football program. Following the tour, Warren delivered an inspiring pep talk to our Husker team. The players were glued to their seats as he asked them to imagine that he was going to buy each one of them a brand new car. “I would buy you any car you desire—Rolls, Lamborghini, etc.” The student-athletes were buying into Warren’s mind-boggling proposal when he added, “There is just one catch. The condition is, it will be the only car you will own for the rest of your life.” Then he explained his analogy: “The car is a parallel to your body. You must take care of it—give it the best fuel, keep it protected, don’t abuse it—because it is the only one you will have for the rest of your life.” The players can recite, years later, that motivating message. And, yes, they won big! And, no, they did not get new cars!

Warren Buffett’s ability to communicate with individuals at all levels of the investment world has likewise significantly contributed to his reputation as the greatest financial genius ever.

Whatever the era, the endeavor, or the end goal, the sine qua non is communication if a dynasty is to be built.

Well, there you have it. If you want to win in life, you cannot have a “failure to communicate.” Welcome this trait, embrace it, and develop it as a critical skill, as it will only become more important in our connected world.

The leaders at the top and the roles they play along with their personality traits, six of which have been covered thus far, conclude this first section. The remaining three traits and the Process and Purpose building blocks for a dynasty follow.

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