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THE LEGACY STOPS PAYING DIVIDENDS

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For much of the 20th century, the value proposition of the corporation was that if you were a dutiful employee, you'd have a job for life, a gold watch after 20 years of work, and a comfortable pension waiting for you in retirement. Things hummed along like this for decades, and traditional leaders kept managing using their rulebooks and regulation manuals.

This was the legacy that was passed down from one generation of leader to the next. Maybe this is the leadership recipe that you inherited: keep things orderly, and all will be well.

There's just one problem: it doesn't work anymore.

Twenty years with the same company? Not likely. Comfortable pension? Even less likely. Things humming along smoothly? Not a chance. The man in the grey flannel suit is long gone. He's been replaced by members of the free agent nation.

Command-and-control is no longer a viable leadership strategy. Society has transformed, and amid these changes, the rules of business have been rewritten. The relationship of employee to employer is radically different. In this new world of work, Old-School leadership didn't really stand a chance. The next chapter explains why Old-School leadership stopped working.

Cracking the Leadership Code

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