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How Leaders Lead with David Novak

#15: Part 2: Jamie Dimon, JP Morgan Chase Chairman & CEO—Always Have a Plan to Deal With Problems

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8596 Ratings

🗓️ 1 October 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

Today’s guest is Jamie Dimon, Chairman and CEO of JPMorgan Chase. If you haven’t already heard part one of this conversation, check the feed and start there instead. It’s a masterclass in dealing with problems by preparing for them ahead of time. But some problems aren’t possibilities waaaaaay off in the future. They’re right here, right now! And in part two, we get into how Jamie deals with those day-to-day issues. And there’s a real humility in how he does it. He’s always listening and learning. He genuinely wants to know the issues on the ground in his organization. But he doesn’t stop there. He actually follows through so the problems he uncovers get solved. It’s rare to find a leader who is willing to listen to issues. But a leader who follows up and actually fixes those issues? That’s the stuff of legend.  But it doesn’t have to be! You just need a plan. And that’s the big takeaway in this conversation with Jamie: always have a plan to deal with problems. You’ll also learn: Specifics idea for recognizing your team members’ accomplishments Four things young leaders can do if they want to make their mark Why listening to your front lines is half the job – and what you have to do in addition in order to earn your team’s respect One brilliant idea to help you tackle tough conflicts we often tend to avoid Jamie’s unique approach to strategic planning – and why he’s careful about how his company uses it Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go  Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0

Welcome to How Leaders Lead, where every week you get to listen in while I interview some of the very best leaders in the world.

0:10.2

I break down the key learning so that by the end of the episode, you'll have something simple you can apply as you develop into a better leader.

0:18.0

That's what this podcast is all about.

0:20.7

Today's guest is Jamie Diamond,

0:22.7

chairman and CEO of J.P. Morgan Chase. Now, if you haven't already heard part one of this conversation,

0:29.2

check the feed and start with episode 14 instead. It's a masterclass in dealing with problems

0:35.5

by preparing for them ahead of time. But you know, some problems

0:39.8

aren't possibilities way off into the future. They're right here, right now. And in part two,

0:46.6

we get into how Jamie deals with those day-to-day issues. And there's a real humility in how he does

0:52.6

it. Jamie's always listening.

0:54.9

He's always learning.

0:56.4

He genuinely wants to know the issues on the ground in his organization.

1:00.4

But he doesn't stop there.

1:02.2

He actually follows through so the problems he uncoveres get resolved.

1:06.3

Imagine that.

1:07.5

I mean, it's rare to find a leader who is willing to listen to issues, but a leader who follows up and actually fixes those issues, that's the stuff of legend. And Jamie Diamond is a legend. But it doesn't have to be. You just need a plan. And that's the big takeaway in this conversation with Jamie. Always have a plan to deal with problems. So here's part two of my conversation with my

1:30.3

good friend and soon to be yours, Jamie Dunn. Could you tell us about your upbringing and

1:41.5

how it shaped who you are today? Yeah, so David, first, I'm thrilled to be here.

1:46.5

As you know, the respect I have for you is enormous. And I'm looking forward to this conversation.

1:51.3

So look, I grew up in Jackson Heights, Queens. And my grandparents were immigrants. You know,

1:55.5

my parents did my mother, my mother went to college the same time I went to college.

1:59.8

He was a stockbroker. So I grew up kind of interested in financial services, but, you know, there was a strong

...

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