Although the London Whale scandal gave Jamie Dimon some problems, the JPMorgan Chase boss earned high marks for his ability to face the situation head-on, admit to the mistakes that were made on his part, and move forward.
The leadership style of Jamie Dimon certainly highlights a number of attractive elements. An overview of these elements will serve to offer a clear definition of a leadership style that is largely effective.
The Leadership Style Of Jamie Dimon
Dimon has gone on record in the past as saying that good people are going to be keenly interested in working for good leaders. Given the various elements of strong leadership that Dimon has displayed during his tenure at JPMorgan Chase and elsewhere, it’s easy to see why many consider him to be a solid leader:
1. Dimon has clearly displayed a belief in discipline in a number of areas. He is a proponent of business and talent reviews, team meetings, consistently working towards improving even the best-oiled machine, and a strong work ethic.
2. Dimon believes that true leadership involves the intense desire to act, the willingness to do whatever needs to be done in a given moment.
3. Dimon clearly believes in accepting responsibility for the failures and successes that are inherent in a leadership position.
4. Dimon believes a great leader should constantly strive towards establishing and maintaining integrity.
5. Dimon believes customers and employees alike should be treated with the respect that a leader would want afforded to them.
6. Dimon has consistently displayed a willingness to remain frank and open with information pertaining to the business at hand, regardless of whether or not that information is pleasant in nature.
7. Dimon has showcased the ability to surround himself with only the best.
8. Dimon believes that honesty and problem-solving are two of the most crucial morale-building tools available to those in a leadership position.
9. Dimon has shown that respect and loyalty is a two-way street.
10. Dimon is a strong proponent of humility in the workplace, acknowledging those who have contributed, those who have come before, and those who bring unique skills and talents to the table.
These are the leadership elements that Dimon not only believes in, but has shown in his own day-to-day dealings as a leader of individuals and communities. His actions consistently back up his words, and this is perhaps the most important element to understanding his success as a leader. He is someone who is seemingly unafraid to lead by example.