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Sujets : Professional Development
Mark Cuban became a household name when he bought the Dallas Mavericks in 2000. His entrepreneurial ventures started when he was a child selling garbage bags door to door. He got a degree from Indiana University, then worked at Mellon Bank as a computer systems integrator for a year after graduation so he could get work experience. He made the bulk of his fortune from broadcast.com, a company he founded and sold. Looking at Mark Cuban’s life, there are lessons that aspiring leaders can learn from him.
Take control of your life and career: Great leaders do not sit and wait for things to happen to them, they are proactive, taking control of their life and career. And so it is with Mark Cuban, the billionaire, who goes after what he wants. As a child, his father encouraged him to go for the things he wants in life and to take control of his destiny. That is advice he took to heart based on his many and varied accomplishments.
Be willing to learn: Mark Cuban often excels at what he does because he takes the time to learn his craft. After graduating from university, he spent one year working at Mellon Bank so that he could gain experience as a computer systems integrator. The work experience he gained at Mellon Bank, and the knowledge he acquired from studying computer technology on his own for many years, served him well because he was able to start businesses in the field, which he later sold for very healthy profits. Continuous learning is a big part of his life.
Create value for all stakeholders: These days, big corporations are obsessed with increasing profits for stakeholders, sometimes at the expense of all else. A company cannot remain in business if it doesn’t make a profit, but employees need to be paid fairly and customers have to be treated well, getting value for their money. As a fan of attending major sporting events, Mark Cuban understands the consumer and the fan experience. He tries to manage the needs of the major stakeholders, as the owner of the Dallas Mavericks, and customers have taken note of it. Great leaders know that there are many important stakeholders, not just shareholders, so they strive to find ways to make each stakeholder group feel valuable.
Don’t follow the status quo: Mark Cuban does not toe the line or follow the status quo, he often does the unexpected. While working on his undergraduate degree, he took graduate courses until he was found out and prevented from doing so. When he purchased the Dallas Mavericks, he didn’t sit in the owner’s box, instead he sat with the fans and joined the lines for food, so that he could fully immerse himself in the experience. He then acted on what he discovered, making changes, enhancing the experience for the fans. Great leaders do not lock themselves away in offices, they interact with others to learn what’s going on so that they can make relevant and welcome changes. Essentially, they interact with others so that they can become a better leader.
Today, Mark Cuban operates many successful companies, so he must be doing something right. For those wishing to hone their leadership skills, looking at the four leadership lessons from Mark Cuban will take you a long way.
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