The world has never been more connected. Yet many of us feel more disconnected than ever before.
In particular, CEOs and managers can often feel isolated from their peers, and therefore crave a greater sense of community and belonging. This lack of social connection can have a detrimental impact on both them and their team—putting the future of their company at risk.
Leading in a Hybrid World of Work
This infographic from bestselling author Vince Molinaro dives into the ways you can build a strong community of leaders in your organization, enabling you to more successfully execute on strategy, drive growth, and deliver results.
The Critical Need for Leadership Communities
In today’s world, many leaders have been conditioned to work and lead in a way that is individualistic and hyper-competitive, which leads to problematic outcomes including:
- Limiting innovative ideas
- Causing overwhelm and stress
- Limiting diversity and a sense of inclusion
- Promoting a macho culture
- Creating heroes and zeros in organizations
This outdated model breeds a weak leadership culture. Even though leadership expectations are higher than ever, very few companies boast a strong leadership culture. In fact, just 15% of companies have the culture they need to succeed.
What does a weak leadership look like?
Weak Leadership Cultures
When leaders demonstrate the following behaviors, organizations are at risk of developing a weak leadership culture:
- They lack clarity around strategic priorities.
- They fail to inspire the people they lead.
- They tolerate ineffective and mediocre leadership.
- They demonstrate animosity for the success of other leads, teams, and departments.
- They work at cross-purposes with each other.
- They prop themselves up while downplaying the contribution of others.
- They don’t engage stakeholders.
- They regularly badmouth others and throw colleagues under the bus.
- They withhold information as a way to retain power over their peers.
- They act as bystanders when colleagues need help.
When these negative dynamics become apparent, organizations pay a significant price. According to a report from Qualtrics, 40% of managers see a decline in their mental health, while another study shows that 66% of leaders have checked out entirely.
It is clear that building a strong community of leaders has become critical as the world continues to become even more complex and uncertain. Let’s dive into some of the ways you can build a greater sense of belonging in your organization today.
The Characteristics of Leadership Communities
Here are the 10 characteristics and behaviors that promote a strong community of leaders. Does this describe your organization’s leadership culture?
|1. Have clarity on the strategic direction of the organization||Be determined to deliver on the most important strategic outcomes for the company|
|2. Create excitement about the future||Spread optimism about the company, even through adversity|
|3. Share a common aspiration to be great as leaders||Commit to their roles as leaders and help other leaders thrive|
|4. Lead with a united front and a one-company mindset||Lead in the best interest of the whole organization|
|5. Hold each other accountable by calling out unproductive leadership behavior||Demonstrate the courage to call out misaligned and unacceptable behaviors|
|6. Celebrate success and key milestones||Ignite passion by recognizing others and showing progress towards goals|
|7. Break down silos and collaborate effectively||Identify accountability gaps that weaken the leadership culture|
|8. Keep internal politics and personal agendas to a minimum||Behave in a direct and transparent manner with peers|
|9. Demonstrate resilience and resolve in the face of adversity||Turn to each other while navigating tough challenges|
|10. Support one another and have each other’s backs||Build high-trust relationships with one another|
Most leaders want to be in an environment where there is real clarity, alignment, commitment, and mutual support—it just takes one accountable leader to make it happen.
The Benefits to Creating a Strong Community of Leaders
If done right, the effects of building a strong community of leaders can be extraordinary:
- Promotes a stronger sense of belonging.
- Allows for greater knowledge sharing.
- Encourages higher levels of performance.
- Creates a culture of accountability.
- Improves employee engagement.
Moreover, research shows that employee engagement is directly linked to a company’s culture and value system. In fact, employee engagement levels can reach up to 72% when managers work well with each other.
With the working world transforming before our very eyes, it’s time to establish a new leadership contract so that CEOs and managers can lead their organizations successfully into the future.
Do you have what it takes to be a community builder? Download your Ebook to discover practical strategies you can apply today.
Charting Grand Theft Auto: GTA’s Budget and Revenues
Dive into the GTA budget through the years, with GTA VI set to be the most expensive video game of all time.
Charting Grand Theft Auto: GTA’s Budget and Revenues
Over 10 years since the launch of Grand Theft Auto V (GTA V), the second most-sold video game in history, Rockstar Games has announced its sequel GTA VI will be “coming 2025.”
As the anticipation only grows for this next big entry in the franchise, we take a look at the GTA budget through the years. How much have the last two games cost to make, how much have they earned, and how do they compare with the latest entry?
How Much Has GTA VI Cost to Make?
The GTA franchise has grown enormously in scale from humble beginnings as a top-down, 2D video game in 1997. Fifteen installments later, the upcoming release, GTA VI, is estimated to be the most expensive video game to be made yet.
Here’s a look at how much GTA VI and the last two major releases cost, and how much revenue they’ve earned as of August 2023.
|Year||Title||Production Costs ($)||Revenue ($)||Copies Sold|
|2025 (est.)||GTA VI||$2B (rumored)||N/A||N/A|
In 2008, GTA IV cost around $100 million—already a budget that rivalled big Hollywood releases. However with 25 million copies sold, the game earned nearly $2 billion—a five-fold return on its production cost.
Five years later, GTA V (2013) cost more than $200 million to make—twice GTA IV’s budget. A decade after its release, GTA V has generated close to $8 billion, with hundreds of millions in annual revenue from subscriptions and in-game purchases—a model that its successor is sure to follow.
In fact, subscription fees and in-game purchases represented 78% of Take-Two Interactive’s (parent of GTA developer Rockstar Games) revenues in 2023.
Analysts estimate the to-be-released GTA VI’s costs at $2 billion, including marketing and other expenses. A massive open-world (set in the Miami-inspired “Vice City”), cutting edge graphics, and a reportedly brand-new game engine are all reasons for the game’s outsized budget.
For comparison, the current most expensive games to have been made include Red Dead Redemption 2 (also by Rockstar) and Star Citizen, both reportedly with a $500 million budget.
Meanwhile, Take-Two Interactive shares are up more than 50% for the year.
Energy6 days ago
Ranked: Electric Vehicle Sales by Model in 2023
Maps2 weeks ago
Mapped: Which Countries Recognize Israel or Palestine, or Both?
Education2 weeks ago
Ranked: America’s Best Universities
Countries2 weeks ago
Ranked: Share of Global Arms Imports in 2022
Economy2 weeks ago
Ranked: Share of Global Arms Exports in 2022
Globalization1 week ago
Charted: The Industries Where Asian Companies are the Strongest
Markets1 week ago
Visualizing U.S. GDP by Industry in 2023
Energy1 week ago
Visualizing the Top Energy Priorities of Major Countries