The 3 Dimensions of Business Leadership: Upcoming book from PM Power

This is an introduction to PM Power’s upcoming book. “The 3 Dimensions of Business Leadership.”

What is Leadership?

Leadership is influencing and guiding people to achieve a shared vision or goal. Leadership can be exercised by an individual or a group of individuals acting together. It is not influenced by the person’s title or position in a hierarchy. Even the lowest ranking member in a hierarchy can exercise effective leadership.

Leaders emerge in all groups and societies, unless suppressed by conflicting interests. An effective leader has emotional intelligence, has integrity, is self-confident, has a vision for the future, is a good communicator, has empathy, is a good manager, is willing to take risks when required, thinks differently, creatively and innovatively, listens to people and is willing to change when required, is resilient and persistent, and is proactive and reactive in times of crisis.

            Mahatma Gandhi, Martin Luther King and Nelson Mandela are examples of effective leaders that emerged in highly oppressive and discriminatory environments and managed to lead large groups of people to independence and self-confidence.

Jamshedji Tata, Steve Jobs and Bill Gates are examples of leaders who started and led organizations to great success.

Strong leadership is critical to a business’s success. Good leaders can drive innovations and changes required for the business to stay competitive in the market.

What are the 3 Dimensions of Leadership?

PM Power has worked for many years in the area of leadership. PM Power coaches and consultants trained, coached and helped people to become leaders and leaders to become more effective. Over the years, we have found that leadership is expressed through three aspects or dimensions, each equally important – Leading Business, Leading Execution (Process and People) and Leading Self. The book will expand on these three aspects of leadership. A successful business leader has to attain effectiveness in all these three dimensions of leadership. They have to be what we call a ‘full-stack’ leader.

This book will go into details of these three aspects or dimensions of leadership.

Leading business means creating an environment where the organization is able to understand, adapt and counteract to the changing marketplace and market needs, customer asks, and competitor moves. It means continuous value delivery to stakeholders. Business excellence is driven by organisational agility, innovation, and high levels of quality, performance, and competitiveness.

Leading execution means taking the idea and creating value with it– value for all stakeholders including customers, associates and shareholders. Execution here means much more than development and implementation. Bringing ideas to life, implementing them, taking them to market, testing them, improving them, letting them grow, and at the end of the day developing them from an idea to a true innovation by means of bringing value to the market and stakeholders – that is execution. Leading execution also includes leading the people in the execution. Leading the people in the execution means achieving required goals by working with others as a team using knowledge, skills, competence and understanding of how to engage, motivate and manage people. For this one must set the vision, strategy and objectives and move people towards achieving those. This does not apply to only one’s immediate team. It means managing up – managing your managers; managing sideways – managing peers and other stakeholders; and managing down – managing one’s team.”

Leading self refers to the ability of an individual to effectively manage and direct their own actions, behaviors, and emotions. It encompasses self-awareness, self-regulation, self-motivation, and a strong sense of personal accountability. Leading oneself involves setting goals, making decisions, and taking responsibility for one’s actions and their consequences. It is a fundamental aspect of leadership development, as effective leaders must first be able to lead themselves before they can effectively lead others.

Leading self means understanding and preparing for the exercise at hand – in short, leading the self by imbuing oneself with the required emotional intelligence to lead the effort and transmitting these abilities to leaders down the line. And this needs understanding and employing mindful leadership or the ability to be present and having a non-judgmental and unbiased mind. This is what helps with developing empathy.

Principles and practices of the 3 Dimensions of Leadership

For each dimension of leadership, the book identifies a set of principles that are the set of guiding beliefs that leaders should have, and measures that they need to implement to show success in the achievement of this dimension. And for each principle, the book identifies a set of practices, or regular behaviors and actions, that needs to be followed by the leader to enable that principle fully. Thus, the book goes into the details of a total of more than 40 principles and more than 200 practices.

For example, the principles of Leading Business detailed in the book are: Be willing to break tradition and find disruptive ideas; Continuous value addition to stakeholders; Create a data-driven organisation; Create high levels of associate empowerment; Create high levels of organisational capability and capacity; Create an environment of experimentation and learning; Advance social, economic and environmental conditions of the community; Create a unique organizational brand and value; Pursue organic and inorganic growth; Align execution to vision and strategy; Keep looking at how to provide (more/better) value to stakeholders; Get the overall picture right and try to get full visibility ahead; Create an innovation environment; establish trust pipes with stakeholders.

For an example of practices, let us take the principle Be willing to break tradition and find disruptive ideas from above. The practices detailed in the book for this principle are: Have a business model for innovation; Show benefits to upstream and downstream stakeholders; Have enabling technologies that allow disruption; and Invest in growth as early as possible.

Inputs for the book

The inputs for the book come from the experience of PM Power partners coaching and consulting with and training leaders of various organizations. The inputs also come form the author’s and other PM Power partners’ experience in leading organizations.

The book is interesting reading

The book is made interesting reading by having many pictures and many quotations from leaders.

Here is one interesting snippet where the book talks of the need for aligning execution with vision and strategy.

If you do not align your execution to your mission and vision you don’t know where you will end up. I am reminded of a conversation between Alice and the Cheshire Cat:
Alice: Would you tell me, please, which way I ought to go from here?
The Cheshire Cat: That depends a good deal on where you want to get to.
Alice: I don’t much care where.
The Cheshire Cat: Then it doesn’t much matter which way you go.
Alice: …So long as I get somewhere.
The Cheshire Cat: Oh, you’re sure to do that, if only you walk long enough.

Here is a quote that introduces the principle, create a data-driven organization:

I have no data yet. It is a capital mistake to theorize before one has data. Insensibly one begins to twist facts to suit theories, instead of theories to suit facts
Sherlock Holmes, A Scandal in Bohemia

Objective of the book

The objective of the book is to inform leaders and aspiring leaders, for whom the book is intended, that leadership is not just about leading people. It actually involves leading the business and leading the execution of ideas through people. And finally, to drive home the point that these two aspects of leadership – leading business and leading execution (process and people) – will come to nothing unless a leader is able to lead self. Mastering leading self helps the leader jump the chasm to the next level of leadership. The book is packed with practical insights, proven principles, and actionable practices to help you become a strategic thinker who anticipates market shifts and drives innovation; lead and motivate your team to achieve exceptional results develop your emotional intelligence and self-awareness for effective decision-making; and navigate complex situations and build resilience in the face of challenges.

Expect the book to hit the stands by early 2025.

The book is expected to be available for readers by early 2025. The book is being written by Paramu Kurumathur on behalf of PM Power. Before he started working with PM Power, he has set up and developed the India Development Centre for one of the largest international IT organizations; he has started a startup and led it successfully; he has led the development and implementation the IT strategy of a large NGO across 40 countries.

What do you think?

Leave a Reply

What to read next