Persistence is an important trait for leaders to cultivate, but it has its downside. Remember that the best leaders know when to pull the plug on a project or process. Sometimes it takes more courage to back down and admit you're not going to succeed than to keep charging ahead in futility, wasting time and money on initiatives that have little chance of success.
Don't let your passion -- or your ego -- prevent you from knowing when to cut your losses. Brave leaders quit when they see it's time to move forward in a different direction.
Source: Applicant Web site in Leading for Business
Wednesday, December 23, 2009
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