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
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV