Gus Levy, senior partner of Goldman Sachs in the 1970s, introduced the term "long-term greed" to describe a strategic focus on sustainability in business that sought more lasting success. He aimed to establish a company that would thrive for generations, attracting consistent client loyalty. This view suggests that effective leadership requires a long-term perspective that considers wider impacts and moves beyond focusing on the short term.
Early theories of corporate leadership primarily concentrated on identifying the traits and characteristics that distinguished effective leaders from others, known as trait-based theories. This perspective emphasized that certain innate qualities – such as charisma, decisiveness, and intelligence – were the primary indicators of a successful leader. However, as research progressed, the field recognized that context, behavior, and relationships were equally critical to understanding leadership…
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I by IMD (Digital) - 1 Issue, 16. December 2024