Skip to main content

Lessons of Leadership - You Stop Doing What You Love

The first lesson of academic leadership is that it takes nearly 12 months to catch up on a large backlog of research. This is my reason (excuse) for not blogging since I stepped down as Head of Queen's Management School. When I stepped down, I indicated that I would write a series of posts which reflected on my time as Head. However, I underestimated the sheer effort it would take to kickstart the various research projects which I was involved with.   

If you are thinking of taking on a leadership role in a university, it will have a substantial effect on your research productivity. I went into the role knowing this. The way I coped was to see my research as a hobby - something that helped me relax and that I tinkered at on Saturdays and in my spare time. I also went each summer to Cambridge MA to get the head space and peace to work on research.

If you take on a leadership role in another type of organisation, you will be managing and leading a team. Your time will not be spent on your expertise - the thing you have spent years learning to do. You will need to stop doing what you love. I became an academic to research and teach, but when I became Head of School, I had to stop doing these things. I had to devote myself to building a team to deliver the objectives of my School.



Image result for leadership cartoon

Popular posts from this blog

Bitcoin Bubble?

According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money.   George Selgin , a free banker, takes an opposing view - click here .  Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.

How Valuable Are Connections?

Daron Acemoglu, Simon Johnson, Amir Kermani, James Kwak and Todd Mitton have written a paper on whether firms connected to Timothy Geithner benefited from these connections. They do so by looking at how stocks of these firms reacted to the announcement that he was a nominee for Treasury Secretary in November 2008. They find that there were large abnormal returns for connected firms. Below is the paper's abstract and the full paper is available here . The announcement of Timothy Geithner as nominee for Treasury Secretary in November 2008 produced a cumulative abnormal return for financial firms with which he had a connection. This return was about 6% after the first full day of trading and about 12% after ten trading days. There were subsequently abnormal negative returns for connected firms when news broke that Geithner's confirmation might be derailed by tax issues. Excess returns for connected firms may reflect the perceived impact of relying on the advice of a small ne...

Boom and Bust: A Global History of Financial Bubbles

Boom and Bust: A Global History of Financial Bubbles, co-authored with my colleague Will Quinn , is forthcoming in August. It is published by Cambridge University Press and is available for pre-order at Amazon , Barnes and Noble , Waterstones and Cambridge University Press .