Rather than setting detailed strategies and goals, these five leaders impart a directional vision for their organizations to follow. They favor fluid decision making. Rather than leading from the top through hierarchy, they institutionalize leadership throughout their organizations. They embrace complexity rather than retreat from it or wish it away.
Tried-and-true management practices matter more than ever, explains the group executive director of the bank’s Asia-Pacific region. He emphasizes strong leadership and shared objectives, consistent and simple communication, and a relentless focus on business fundamentals.
Despite its diverse business portfolio and broad geographic footprint, the natural-resources company is run simply. Strong executives must be given the room and authority to win, the executive director tells BCG.