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LEADERSHIP IS A PROCESS OF SOCIAL INFLUENCE, WHICH MAXIMISES THE EFFORTS OF OTHERS TOWARDS THE ACHIEVEMENT OF A SHARED GOAL.
Monday, August 13, 2012
Bank of England Governor, Sir Mervyn King said recently that the British economy could learn a number of key lessons from the Olympic Games.
"First, and most important, we have been reminded that an objective that is worth attaining, like a gold medal, requires years of hard work. Success does not come overnight," he said.
"That is as true of our economy as it is of sport. It means reforming our banking system so that banks focus less on making money in the short term, and more on building businesses to serve their customers' interests over the longer term."
The Bank of England boss also said bankers should focus less on money and more on their customers.
He added: "The financial sector has done us all a disservice in promoting the belief that massive financial compensation is necessary to motivate individuals."
The Olympic Games show us that supreme human achievement is the result of a commitment to excellence; nothing more, nothing less.