One of the most cautionary tales in recent corporate history is how Netflix embraced change and Blockbuster didn’t. As of 2018, Netflix, barely 20 years old, had a stock market value of nearly $165B, with 130 million subscribers in 200 countries. Blockbuster was out of business by then, having filed for bankruptcy in 2010 after incurring more than $1B in losses the previous year.
Change is not easy, which is a major challenge for us because we live in a world that is forever changing. Technology is changing. The market is changing. The culture is changing. Not only is everything around us changing, but it seems that change is happening at an ever-increasing rate.
Abraham Lincoln is commonly regarded by most historians as the greatest American President. The great Russian writer Leo Tolstoy said that Lincoln’s supremacy compared to other great leaders in history was due to “his peculiar moral power and … the greatness of his character.”
We have looked at several different areas of leadership. Some have been internal, such as character, and some have been external, such as vision. We have talked of the ‘being’ of a leader. Character, internal beliefs, and crucible experiences often lead to vision. But how do we make vision become reality?