This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

3 Leadership Lessons From Abraham Lincoln

NEW YORK (TheStreet) -- As one of the most recognizable names in U.S. history, today's leaders and entrepreneurs can learn a lot from President Abraham Lincoln.

The nation's 16th president who was at the helm of a country in crisis during the American Civil War, Lincoln's morals and character proved a strong presence during the turmoil.

Lincoln was primarily self-educated in his early years. He rose to become a lawyer and state legislator before moving to grander political efforts. Honest Abe, as he was known, established the Emancipation Proclamation, which set in motion the ultimate demise of slavery. President Lincoln also was an avid militia expert.

To commemorate what would have been his 204th birthday on Tuesday, TheStreet spoke to a handful of executive-search experts to pull together some of Lincoln's more admirable traits.

>>>Best Business Lessons From George Washington

>>>Lessons from the Bard: How Shakespeare Would Run a Business

1. He was relatable.

Lincoln was also known to be a decisive leader, but he didn't rely on information that was twice-removed to make his decisions. As an avid researcher and reader to begin with, he often culled information "from the field" before making a decision. And in order to get that information, the president spoke with as many people as possible.

"He met the troops, he visited hospitals and had an open-door policy. That's a sign of a great leader -- welcoming feedback and with that feedback and intelligence they are able to make better decisions," says Steven Raz, co-founder and managing partner of Cornerstone Search Group, which focuses on the pharmaceutical and life-science industries.

"He was one that didn't just sit in the White House. He was known for getting out in front with the troops and common men. I think he believed that a lot of his intelligence and data points shouldn't come from polls or surveys, but hearing it firsthand," Raz says.

>>>4 Leadership Lessons From Marissa Mayer's Surprise Rise

>>>3 Leadership Lessons From Tim Tebow

In Lincoln's case, his stakeholders were soldiers and common men, but he also worked hard to get other politicians to his cause to unify the Union and eventually abolish slavery.

Once he received the feedback he needed, he was known for making decisions, even if they weren't the right ones all the time. Even though Lincoln knew he wouldn't get a consensus, especially on slavery, he made the best decision he could based on the information he had at the time.

"The key is not to waver, but be decisive," Raz says. "When you make a decision, you create some sort of momentum. You're moving forward -- even if the course isn't exactly right."

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 0.00 0.00%
S&P 500 1,878.61 +3.22 0.17%
NASDAQ 4,148.3380 +21.3710 0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs