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 Today's advice comes from Siemens CEO Peter Löscher's interview with The New York Times: "You have to recognize as a leader that you also make mistakes. I’m always telling people, 'Look, I make a mistake every day, but hopefully I’m not making the same mistake twice.' If you think that you’re not making mistakes then you are not making the tough decisions that you should make as a leader. "I’m never satisfied. The biggest threat for anything and anybody is complacency. As soon as you believe that you are on top of the game, you probably have lost it." Löscher, who was just reappointed to a five-year term last week, was the captain of the volleyball team in high school and college, where he learned the difference between a good team and a great team is usually mind-set, when all of a sudden, "a team clicks." Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email. Please follow War Room on Twitter and Facebook. | | | | | | | |
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