We now live and work in the environment of the butterfly effect, "the concept of chaos theory that a butterfly's wings flap in China can cause a hurricane on the other side of the world. As a result, the authors argue that today's leaders must develop vigilance" - the ability to scan the periphery of the environment and identify opportunities and threats before their rivals. While investors do not expect the foresight, they rely on the leadership team sense and act on early warning signs. They describe three basic qualities that distinguish vigilant leaders from those in the majority who seek first for business. "Hide
by George Day, Paul JH Schoemaker Source: Rotman School of Management, 4 pages. Publication Date: April 1, 2009. Prod. #: ROT079-PDF-ENG
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