Giving Compass' Take:

• Carly Fiorina, writing for Stanford Social Innovation Review, explores how effective leadership can take shape as a collaboration between diverse individuals. 

• How can collaborative leaders in philanthropy help solve social problems? What are some examples of successful collective impact?

• Here is a roadmap for effective collaboration. 

I started my career as a secretary at a small, nine-person real estate firm. Like many people just starting out, I didn’t think too critically about leadership. But as I progressed through the ranks of corporate America, I began to realize that there were many people with big offices, big parking spots, and big egos who were not leading. As a former CEO, I can tell you this: Not all CEOs are leaders, and not all leaders are CEOs.

There’s no doubt that position and title give you authority and the power to make rules. But whether in business, nonprofits, or politics, my experience has taught me a fundamental truth about leadership: It has nothing to do with your position or title. Leadership is about solving problems and unlocking the potential in others.

Research shows that, despite the discomfort and occasional frustration, effective collaboration between diverse individuals produces better results. It helps us solve problems more effectively. Companies in the top quartile for gender or racial and ethnic diversity are more likely to have financial returns above their national industry medians. When leaders encourage a proliferation of perspectives and foster an environment where employees feel comfortable to speak up, their companies realize greater efficiencies and lower costs.

Companies with leaders who are actively engaged in and committed to increasing diversity recognize the important role it plays, and ensure that outstanding employees receive the sponsorship and professional development they need. And they don’t compromise standards. To the contrary, they ruthlessly cultivate meritocracies and ensure that the most talented people have equal access to opportunities.

Read the full article about redefining leadership by Carly Fiorina at Stanford Social Innovation Review.