Financial Executives International:: What is your philosophy about learning for seasoned as well as emerging leaders?
Leslie Seidman: Lots of great philosophers have noted that learning is a lifelong pursuit and I certainly agree with that.
I think it's really important to keep yourself informed about what's going on in the world, broadly, and in the markets for your business. Risks and opportunities can change very quickly and it's in your best interest to embrace that dynamic, not cling to the past.
I'm also a big believer in reading for pleasure. It's always amazing to me how much I learn from a book that seems to have little relevance to my business or personal life.
FEI: From your life-work perspective, what percentage of a leader’s role is being a financial technician versus a people technician?
Seidman: I think the vast majority of a leader's role is about working effectively with people, inspiring people to do their best and grow, and about thinking strategically, which is not necessarily related to the technical side of things.
A leader has to be proficient in his or her field, but that's just a starting point, and not necessarily indicative of how well that person will lead. Some people are naturally good at leading other people, but I think all of us can learn more about what people want and need from a leader.
FEI: How does the lack of regular mentor-mentee relationships today pose a challenge for the leader wanting to experience that type of rich leadership development today?
Seidman: I don't think it's necessary to have a formal mentor as part of leadership development. You need mentoring and advice from people with different experiences as you progress through your career, so I think it's important to develop sincere relationships as you progress, and create a dynamic network where you support people and they support you along the way.
Within your own company, it's important to give (and receive) regular feedback -- positive and negative -- so that people have a realistic sense of their strengths and weaknesses and where they have the potential to excel.
Seidman: I think sharing stories is a form of mentoring. While one person's situation might not be exactly the same as another's, we all can learn from each other. Whether it's admiration, inspiration, caution, or a specific piece of advice, hearing a leader tell his or her own stories can help you clarify your own thinking.