• Monday, December 23, 2024
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BusinessDay

How will you be remembered?

How will you be remembered?

This column was away for two weeks but is now back. Thank you for your support. Every leader wants to leave a legacy, but according to John Maxwell, “A legacy is created only when a person puts his organization into the position to do great things without him.” Ultimately, effective leadership is about how well the leader leaves the organisation such that its past achievements can be sustained, and new achievements made. Because every leader eventually leaves the scene for others when the leadership position comes to an end, our legacy can start even in our lifetimes. A legacy isn’t only when one leaves this earth. Many today are already living with their legacies from their time in leadership positions – legacies they regret but unfortunately cannot change. Everyone will leave a legacy one way or the other –what kind will yours be?

Those who care about their legacy take the long view – that whatever they do has an effect on future. Unlike others who are more interested in the now and couldn’t care less about the future. Those who abuse the trust of the public when they are in a leadership position in government by being corrupt are not taking the long view of their lives. They leave a legacy but not a good one.

Legacy is ultimately not about what you have or accumulate for yourself but how much you do things that positively and sustainably impact the lives of others. I use the word ‘sustainably’ because it makes a difference when you can impact others and institutions in ways that can continue even when you are no longer there or no longer around. That is a legacy.

So, what should you be doing to build a good legacy?

First, if you are in a position of leadership, you cannot leave a good legacy if you leave an organisation in chaos, lacking direction, or severely weakened. Are you leaving an organisation that cannot stand on it’s own? Or have you left a successor who you have groomed to fail? As unbelievable as it sounds, some executives set up their own successors for failure. Jim Collins in his book “Good to Great” tells how his team’s research found that in more than three quarters of the companies used as comparison to the ones that qualified to be called ‘Great’, executives either set up their successors for failure or selected weak successors or both. The need of these executives to be remembered as being personally great was more important to them than their leaving the company with strong leadership. In one example, they found that the former CEO, under whose leadership the company had recorded consistent impressive financial results, “did not leave behind a company that would be great without him.” Unsurprisingly, the company literally fell apart after his exit.

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Secondly, people who care about their legacy are protective of their reputation. They take the long view, mindful that what they do now will have impact later. So, watch your values and choices because they determine your conduct and reputation which will frame your legacy. People who have had bad reputations all their lives do not suddenly end up with good legacies. When he was starting out his ministry, Dr. Billy Graham was aware of the challenges others like him faced. In 1948, he and his team identified four areas where these challenges could come from and put in place steps that would ensure they did not fall in any of them. These parameters set boundaries for Billy Graham’s ministry and helped him and his team stay scandal free for over 50 years, ensuring he left a good legacy in his lifetime and after he passed on.

Thirdly be ready to pour yourself out into the lives of others. Leadership is about sacrifice. We all want to be remembered well – but this depends on how much we did for people. Nelson Mandela’s example is one of the most compelling ones of sacrifice. He sacrificed his liberty, a promising law career (important for a young black man in South Africa at the time), and above all his family, to pursue freedom for the oppressed black people of South Africa. When he and his compatriots were charged for sabotage, which had a supreme penalty of death, they told their lawyers that even if they received the death sentence they would not appeal. Mandela said: “Our message was that no sacrifice was too great in the struggle for freedom.” He received a life sentence for which he spent 27 years, to bring down the abhorrent policy of apartheid in South Africa and is acknowledged as one of the most influential leaders of the 20th Century. He poured himself into the lives of others and as a result even in his lifetime he already had an indelible legacy. We have very few leaders here in Nigeria who have or will have great legacies because they are not ready to pour themselves into the lives of others.

According to Ken Blanchard, renowned management consultant and author of international bestseller The One Minute Manager: “The important thing about being a leader is not what happens when you’re there, but what happens when you’re not there…..The key to your effectiveness is how well your followers carry on when you’re not around.”

I hope we will each begin to think of our legacies from today. Thinking of your legacy does not mean you are about to exit this world; it simply means you are ready to start investing in how you will be remembered.

Thank you and until next week, let me challenge you to Begin to Lead from where you are.

Fusi is passionate about leadership and about helping people become effective leaders. Qualified as a Chartered Accountant in the UK and Nigeria, he started his career in accounting practice at the former Coopers and Lybrand (now part of PriceWaterhouseCoopers). He has worked in the corporate sector as Treasury Controller at DHL International Nigeria and later as CEO of a technology services company founded by Accenture and other institutional investors. He has spent many years running his own professional services firms, firstly in accounting practice and later in training and consulting.   Over the years, his clients have ranged from a subsidiary of the national oil company to State and Federal government agencies and corporate organisations across various sectors. His services have extended to international capacity building in which his company has organised international programmes in the UK and the USA for four separate delegations for leading agencies of the Lagos State Government. He has been a guest facilitator in Finance at the Lagos Business School and a speaker at professional events. His consulting organisation now focuses on Leadership development, Consulting services and providing partnership opportunities for organisations to invest in leadership development. Fusi is the host of the leadership podcast: Lessons in Leadership. He is a member of the Board of Governors of Atlantic Hall School, and a member of the Board of Directors of MFF Housing Ltd., an organisation focused on providing affordable housing. He is involved in giving back to society and is currently the Vice-Chairman of the executive council of the Federal Nigeria Society for the Blind.

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