Level 5 Leadership - What You Need To Know - Monkhouse Company

9/25/22, 6:43 AM Level 5 Leadership - What you Need to Know | Monkhouse & Company
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BLOG January 15, 2021
Why you
need to be
a ‘Level 5
Leader’
Dominic Monkhouse
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https://www.monkhouseandcompany.com/blog/why-you-need-to-be-a-level-5-leader/ 1/21
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Humility. Determination.
Passion. These are three
characteristics of Level 5
Leaders. And it’s these qualities
that set the leaders of great
companies apart from good
ones.
If you’re looking to scale up

your business in 2021, read Jim
Collins’ books. With over four
million copies sold, ‘Good To
Great’ is one of the best-selling
management books of all time.
It’s breath-taking in its
meticulous detail. A
longitudinal study examining
matched pairs of companies in
the same industries over a long
period of time. Collins was Privacy - Terms
looking
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different about great

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companies and realised they

centred on leadership. The term
‘Level 5 Leadership’ was born.
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What makes
companies great?
The research team scoured
6000 articles in a five-year
project. Their definition of a
great company was one that
beat the stock market seven
times in 15 years – twice as
good as the results of the
composite index of the world’s
greatest companies. And out
of 1435 companies, they found
only 11 that were truly great.
These companies all shared

seven fundamental
characteristics. They all had
vision, level 5 leadership, the
right people in the right roles, a
culture of discipline, realism
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about
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first CEO balanced
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unwaveringGET
faith, technology
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accelerators and a self-fulfilling

flywheel of execution, acting
like compound interest in their
business.
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The different levels

of leadership
Collins defined Level 5 as the
pinnacle of leadership. But to
reach it, you need to rise up
through the first four levels. So
where are you at?
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Company.

At Level 1, you’re highly
capable. People can rely on
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you
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to make productive
contributions. You’re talented,
knowledgeable and skilled.
Level 2 requires you to be a

contributing team member.
Rather than simply being an
effective individual, you work
well with others and are great at
helping your team hit
objectives.
Once you reach Level 3, you’re a

competent manager. You can
oversee both people and
resources to achieve
predetermined goals.
If you’re at Level 4, you’re an

effective leader who can steer
your company towards well
defined and compelling goals. Privacy - Terms
And
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at his firstcan keep your
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organisation functioning at high

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levels of performance. This is

where the vast majority of
leaders sit. Meet Dominic Workshops Blog
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Finally, if you reach Level 5, you
have something different,
unique and rare. You’re able to
develop your company’s
greatness through what Collins
identifies as ‘a paradoxical
combination of personal
humility plus professional will.’
Coaching around Level 4 to 5 is

intriguing to me. That’s because
Level 4 defines most of the
people running an organisation
or in senior positions. Level 5
requires you to develop a
humility that’s almost at odds
with Level 4, where you’ve
needed a strident self-belief to
get you there. It intrigues me
that the most successful CEOs
that I work with are the ones
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that
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humility. GET ACCESS TODAY
The qualities and

characteristics of a
level 5 leader
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This also intrigued Jim Collins.

The results of his research were
counter-intuitive to what he’d
expected. Conventional
wisdom holds that
transformational companies
should be led by larger than life
individuals. So it was a big
surprise to find them led by
disciplined, humble people with
passion. People who didn’t
aspire to be put on a pedestal
or become unreachable icons. Privacy - Terms
Butat ones
Join Verne Harnish his first who did possess
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indomitable, cast iron will. It’s

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an odd mix of characteristics

but one that really appeals to
me in my coaching practice.
‘Humble CEOs with great
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ambition’ is how I describe my
ideal clients.
These Level 5 characteristics

make a coachable CEO – one
that is happy to ask for help and
act on advice with conviction.
And also one that I know I can
deliver success for. When new
clients ask me, ‘What do you
think of me and my team?’ I’ll
often reference Jim Collins’
leadership model.
Humility breeds
respect
Most crucially, Level 5 leaders
are humble enough to ask for
help. When they win, they say
they were lucky. When they
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lose,
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They’re more motivated by the

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success of others than their

own success. The innate irony
is that Level 5 Leaders would
not recognise themselves to be
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at the pinnacle of leadership.
Their humility wouldn’t allow
this. It’s something others
would say about them. And it’s
this mentality that earns them a
deep level of respect from their
peers.
It always amuses me when I

meet people who claim to be
Level 5 leaders. Just the fact
they’ve said this betrays that
they’re far from it. They tell me
how humble they are but
moments later, start boasting
and bragging about their
company’s latest figures or a
recent successful project. And
I’m left thinking, ‘You are one of
the least humble, most deluded
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and
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at his individuals
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Often, the very fact that CEOs

have come toMeet
me Dominic
for help Workshops Blog
shows their humility. They’re
Podcast
willing to admit they don’t Book
knowa Call
everything and see the benefit
in additional support. And
they’re ready to tackle the
difficult conversations that are
needed to enact real and lasting
change. Some of my clients
say I should come with a health
warning! It’s certain that, at
times, our relationship will be
challenging in order to address
the problems and debt that’s
built up.
Discipline gets
results
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The discipline of a Level 5

Leader will show up both in and
out of work. A ferocious
resolve to keep moving forward,
no matter what life throws at
you. In my experience, these
leaders are dedicated to
keeping fit and healthy and are
often good with their hands.
They have an insatiable
curiosity about the world and
how to do things better.
This disciplined resolve extends

not only to themselves but to
others. They’re expert at finding
the right people and fitting them
to the right roles. They know
that this is critical to success.
Their passion for their cause
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makes
Join Verne Harnish them
at his first ruthlessin (in
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way). I’ve noticed over my

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years of coaching that when I

part company with a client, it’s
often because they don’t have
this ruthless determination.
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They may have a weak link on
their leadership team and make
excuses for not fixing the
problem. Or they don’t have the
self-discipline to do the work –
scaling up is not for the faint-
hearted!
Leading with
passion
Passion is infectious. People
with conviction inspire
followers – the essence of true
leadership. Level 5 Leaders
ooze this quality, finding it easy
to get people to join their
mission. Again, it’s that quality
of humility and fierce resolve –
it’s clear that they care far more
about the cause than their own Privacy - Terms
success.
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And they want
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success forGETothers. This is an

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intoxicating blend.

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NAVIGATING AND
COMMUNICATING
CHANGE
BUILDING
COMPANY
CULTURE
CHOOSING THE
RIGHT
OPPORTUNITIES
ORGANISING YOUR
A-TEAM
HOW CAN I
SCALE MY
BUSINESS?
For many of them, it would be

easy to measure their success
in a monetary way. But it’s clear
from the Level 5 Leaders that
I’ve worked with that financial
rewards are unimportant.
Instead, there’s a drive to Privacy - Terms
always
Join Verne Harnish improve
at his first – always
CEO Bootcamp do
better. TheirGETpassion extends to

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the workplaces they build.

Creating a great place to work
and being recognised for this is
important. That’s because they
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know that to get the right
people, you have to create the
right environment. But these
aren’t soft places to work.
They’re disciplined
organisations where, if you
don’t step up and deliver, there
are real consequences.
A growth mindset
Because Level 5 leadership is
about discipline, thought and
action, even if you’ve reached
this level, you’ll always see
room for improvement and
growth. With this in mind, I
include personal development
goals in my coaching practice.
When I’m cascading quarterly
priorities with an Executive Privacy - Terms
team,
Join Verne Harnish at hisIfirst
ask them,
CEO ‘What
Bootcamp are| you
in Europe 28th-31st March, 2023
going to do,GETinACCESS
the next
TODAY
quarter,
that will make you better at
what you do?’’ I force them to
be specific and raise the bar.
And crucially, IPodcast Book a Call

don’t let them
off, as I might have done in the
past. Because they need to see
that the world is full of
opportunity and they’re on a
never-ending journey. There’s
no room for complacency.
That’s the antithesis of Level 5
leadership.
Can you learn to be a

Level 5 Leader?
Now, this is an interesting
question. Can you learn Level 5
Leadership or is it innate? My
view is that some people are
wired for it and others aren’t.
Some are innately curious, with
an insatiable appetite for
knowledge whereas others are
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happy
Join Verne Harnish jogging
at his first along.
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about this in relation to

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organisations’ reactions to
COVID. Some retreated to their
bunker and tried to let it blow
over. Others mobilised and
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took the offensive.
A podcast I listened to recently

suggested a meditation
exercise. As it unfolded, it
occurred to me that this might
be a great way of illustrating the
concept of servant leadership.
You sit for a few moments and
think about two people in the
room and the positive things
you wish for them. They do the
same. Then afterwards, you
talk about how you, and they,
feel. It’s a great way to show
how thinking of others can
improve your own happiness. If
you’re wired that way, you’ll
understand the essence of
Level 5 leadership – that it’s not
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about
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helping others.
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That’s not to say that you can’t

improve yourMeet
leadership
Dominic skills. I
Workshops Blog
think it’s possible to work on
humility. This Podcast Book a Call
is an easy thing
to say but is much harder to do.
Asking for help could involve
setting up an advisory board or
employing a coach or mentor.
When it comes to discipline and
accountability, there are ways
to put in systems that will hold
people accountable, including
you. And good communication
rhythms can help you reaffirm
your vision and values over and
over to your staff.
Finally, when it comes to

getting the right people on the
bus, there’s the first Rockefeller
Habit – making sure the
Executive Team is healthy and
aligned. Start by making sure
that you’re surrounded by a
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team
Join Verne Harnish at hisof A-Players
first who
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to have productive conflict.

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This is a big point of reflection

and is vital to disciplined
execution. Meet Dominic Workshops Blog
Podcast
You can find more lessonsBook
froma Call
the works of Jim Collins in the

post 7 important lessons from
Jim Collins’ ‘Good to Great’.
And me personally?
A final word on how I think I
stack up against Level 5
qualities. I used to think about
this a lot, reflecting on the times
when I led companies through
periods of transformation. If
I’m honest, where I failed was
not getting rid of the wrong
people quickly enough. I
always tried to do this with
dignity (and the Christmas
cards and wedding invites I’ve
received since show that, most
Privacy - Terms
of at
Join Verne Harnish the
his time,
first CEOI Bootcamp
was successful).
But I could GET

have been quicker.
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And yes, sometimes I wasn’t

very humble Meet
– I admit it! But
Dominic Workshops Blog
when I was surrounded by a
Podcast Book a Call
great team, this became much
easier. If you’ve got amazingly
talented people around you, you
can’t help but be humble.
People don’t bow and scrape to
you. They know you’re not
infallible. They keep you
grounded in the knowledge that
your success is down to the
team, not you.
This piece has more fantastic

learnings – 7 important lessons
from Jim Collins Good to Great.
Written by business growth

coach Dominic Monkhouse.
Find out more about his work
here. Read his new book, ‘F**k
Plan B’ here
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BLOG February 12, 2021 NEWSLETTER January 15, 2021
7 ARE YOU A
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IMPORTANT LEVEL 5
LESSONS LEADER?
FROM JIM
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9/25/22, 6:43 AM Level 5 Leadership - What you Need to Know | Monkhouse & Company

Meet Dominic Workshops Blog

Podcast Book a Call

BLOG January 15, 2021

Meet Dominic Workshops Blog

Podcast Book a Call

If you’re looking to scale up

different about great

companies and realised they

Podcast Book a Call

These companies all shared

accelerators and a self-fulfilling

The different levels

Your email address

Join Verne Harnish Iatagree toCEO

Monkhouse &GET ACCESS TODAY

Meet Dominic Workshops Blog

Level 2 requires you to be a

Once you reach Level 3, you’re a

If you’re at Level 4, you’re an

organisation functioning at high

levels of performance. This is

Podcast Book a Call

Coaching around Level 4 to 5 is

humility. GET ACCESS TODAY

The qualities and

This also intrigued Jim Collins.

indomitable, cast iron will. It’s

an odd mix of characteristics

These Level 5 characteristics

They’re more motivated by the

success of others than their

It always amuses me when I

I’ve met!’ GET ACCESS TODAY

Often, the very fact that CEOs

Meet Dominic Workshops Blog

Podcast Book a Call

The discipline of a Level 5

This disciplined resolve extends

way). I’ve noticed over my

years of coaching that when I

success forGETothers. This is an

Meet Dominic Workshops Blog

For many of them, it would be

better. TheirGETpassion extends to

the workplaces they build.

And crucially, IPodcast Book a Call

Can you learn to be a

about this in relation to

A podcast I listened to recently

That’s not to say that you can’t

Finally, when it comes to

to have productive conflict.

This is a big point of reflection

the works of Jim Collins in the

But I could GET

And yes, sometimes I wasn’t

This piece has more fantastic

Written by business growth

If you liked that...

020 8164 2308

Be part of a growing community of 6 000 business

Your email address