Re: What defines great business leadership?
Thomas F. Cooley is the Richard R. West Dean and the Paganelli-Bull Professor of Economics at New York University Stern School of Business, as well as a Professor of Economics in the NYU Faculty of Arts and Science. He was appointed Dean of NYU Stern in 2002.
The former President of the Society for Economic Dynamics and a Fellow of the Econometric Society, Dean Cooley has received numerous awards for his teaching and is recognized as a national leader in both macroeconomic theory and business education. He is a widely published scholar in the areas of macroeconomic theory, monetary theory and policy and the financial behavior of firms.
Before joining NYU Stern, Dean Cooley was a Professor of Economics at the University of Rochester, University of Pennsylvania, and UC Santa Barbara. Prior to his academic career, Dean Cooley was a systems engineer for IBM Corporation. Dean Cooley received his BS from Rensselaer Polytechnic Institute, and his MA and PhD from the University of Pennsylvania. He also holds a doctorem honoris causa from the Stockholm School of Economics.
Question: What defines great business leadership?
Thomas Cooley: First, let me give you a disclaimer. I don't personally teach a course in leadership, but I think I know a bit about the business of leadership. What defines good leadership, I think, you know, at the very essence of it, is a sense of character and values. I think a good leader has values that are clear and clear to the organization, and also has a sense of what the goals of the organization are and is able to communicate them and stay focused on them. And I think if you have a strong sense of values and are good at communicating that message, and are good at communicating the objectives, then people will follow you. And ultimately, that's what leadership is about. It's about getting people to go along with you.
Leadership is getting people to go along with you, Cooley says.