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The Myth of Leadership Creating Leaderless Organizations by Jeffrey S.Nielsen

The Myth of Leadership Creating Leaderless Organizations by Jeffrey S.Nielsen

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By Jeffrey S. Nielsen’s book The Myth of Leadership Creating Leaderless Organizations.

We are immediately placed into a hierarchy of “leaders” and “followers” based on a rank-based system when we join an organization. Then, we form erroneous beliefs about our position within these hierarchies, which divide our efforts, constrain our opportunities for growth, and deprive us of fulfilling, respectable employment. The “myth of leadership,” as described by Jeffrey Nielsen, is based on several presumptions. In this manifesto, Nielsen calls for an end to “rank-based” organizational structures, which breed corruption and the abuse of power while encouraging secrecy and miscommunication. They also steal the joy from work. The “peer-based” organization, which is the new model for Nielsen, manages the organization’s work using cross-functional task forces and rotating peer leadership councils. Instead of static functional groups or other artificial divisions, these new entities are better suited to make decisions based on the organization’s competencies and customer needs. His study with numerous of enterprises shown that, despite the fact that employees are all driven to make their companies profitable, ineffective hurdles repeatedly stopped them from realizing their full potential. His argument for developing leaderless groups is supported by actual instances from modern peer-based organizations.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : The Myth of Leadership Creating Leaderless Organizations by Jeffrey S.Nielsen

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