What's in your wallet?

Is there a business tool that I find essential and cannot live without? Is there a single skill that has helped me shape my business career? Do I rely on any secret analytical tools or things I learned in a particular class?

I am frequently asked these questions. My answer is “not exactly.”

Along with most other CEOs I know, I rely on a handful of talents.

First, I rely on my ability to sift through mountains of information and data, apply my experience and judgment and reach logical conclusions. The trick is to stay focused on the big picture and end goal; avoid getting caught up in inconsequential detail; and don't be afraid to make decisions with sometimes incomplete or imperfect information.

Second, there are times that I have to admit that I lack the talent or skills to do a job properly and that the best solution is to turn to others who have the gifts and talents I lack. I advance my own worth by surrounding myself with wonderfully bright, driven people who share a common vision.

Third, I have found optimism very valuable in the face of adversity. An inherent optimism gives a leader the ability to keep moving forward even when the wind is in his or her face. Optimism, coupled with a hefty dose of reality, is an important personal asset.

Fourth, I rely on my values--my own moral compass--to see me through difficult situations. My favorite litmus test is “Would my father be proud of me?”. If not, I find a better way and a higher road.   

Fifth, I value individuals who are team players—people who are willing to stand up and say what they really think but ones who can put their personal agenda aside and support an idea not their own.

So what class teaches these things? Or, is it DNA that gets you here?

Graduate business education is all about recognizing, developing and fine-tuning these skills and traits. The Owen experience—-comprised of classes, case studies, team projects, presentations under fire, clubs, competitions and more—provide you ample “court time” to practice. Make the most of this opportunity to hone these leadership and life skills; practice making decisions; practice learning from mistakes; practice what it takes to work independently and collectively to build or advance an organization.