What is the difference between leading a small business and a corporation?
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 is the difference between leading a small business and a major corporation?
Thomas Cooley: You know, there-- it's a much bigger job leading a large corporation and there's some aspects of luck that determine who rises to the top in large corporations, but you know, they're all important skills. And when you meet powerful business leaders, the one thing you do understand very clearly is that there is something about them that led them to rise to the top, that there are these definable characteristics of strong leaders.
Question: What are those characteristics?
Thomas Cooley: Well, they're, you know, a sense of assurance about what you're doing, a sense of vision about what your role in society is, and you know, the ability to articulate that vision, certainly self-confidence and a strong sense of values.
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