episode 7 - the word is liability

Episode 7 of ‘The Word is Leadership’ focuses on the word liability. Whilst there is clearly an association between with finance, Emmanuel steers away from this conventional focus preferring instead to explore the mindset attached to the word liability and its implications for leadership.

The central question posed is why does the word liability have a negative connotation when, in reality, it goes hand in hand with asset? The critical insight for leaders is how their attention shifts between liability and asset depending on circumstances.

For leaders, success lies in the differentiation between the liability mindset (deficit-focused, centred on "should" and judgment) and the asset mindset (benefit-focused, oriented towards “is” and assessment).

Given both mindsets are essential to determine true value Emmanuel argues that the key to success is to move from "should have" to "will do," from "should be" to "will be," thereby transforming individuals from victims to actors.