Ram Charan, a noted expert on business strategy and coauthor of Execution and the author of What the CEO Wants You to Know and many other books, has a new book out titled, Know-How: The 8 Skills That Separate People Who Perform From Those Who Don't. In a section of the book, "Judgment and Strength of a Leader," Charan says:
"The greatest psychological challenge in setting and acting on priorities has to do with resource allocation. Whether in a group meeting or through conventional budgeting and capital approval processes, you have to demonstrate judgment and courage in making resource allocation decisions that reflect your business priorities and in following through to ensure that the things that should be happening in fact are. You have to do the analytic work to separate out the facts and assess the opportunities and risks, but you also need to call upon your inner strength and judgment."
View our slideshow, "8 Skills Of People Who Perform," and learn what skills good leaders possess.