It’s lonely at the top, but according to The Power of Peers it certainly doesn’t have to be. In Leon Shapiro and Leo Bottary’s 2016 book they discuss and argue why it is beneficial for a CEO or anyone in a leadership position to find peers in which they can confide. The Power of Peers is a guide to help connect, network and ultimately create peer advantages.
According to Bottary and Shapiro, 2/3 of CEO’s don’t actively receive leadership advice, yet 100% of those asked would indeed make changes based off of peer feedback. As such, the co-authors believe it is essential to create peer groups. There are many reasons why they believe these groups are important, and a few examples are:
-Group members keep each other accountable
-Receive impartial advice and guidance
-Growth in empathy
-Gain a support group
-Nurture and grow self-confidence
-Individual growth, which leads to growth of the group, which leads to further individual growth
Once the importance of peer groups was established, Shapiro and Bottary moved on to the five ways to create peer advantages. Those 5 steps are:
1. Select the right peers
2. Create a safe environment
3. Utilize a smart guide
4. Foster valuable information
5. Be Accountable
One of the biggest advantages one can gain from a peer group is what they call “The 20/20 Vision Advantage”. Shapiro and Bottary believe that peer groups can be utilized to encourage more future thinking. In most peer groups, the various participants come from a wide variety of different industry sectors. Therefore you’ll find in these groups there is a myriad of different views about how to do business and where the business world is headed. It is by employing these differing points of view that a more rounded and realistic vision of the future of business can be understood or even predicted.
Overall Shapiro and Bottary successfully convey the importance of peer groups. While this book is focused on CEO peer groups, most of the principles can be applied to any group of peers, no matter how high or low on the totem pole. It becomes increasingly clear throughout the book just how helpful finding the right peer group can be. Whether you are the CEO of a major corporation or a small business owner this book is worth your time.
This review was written by staff member Curtis and originally appeared on this site.