Leadership belongs to all of us. I'm a big believer in John Maxwell, a leadership speaker and author, who talks about the 360-degree leader. Before leading others, you have to learn to lead yourself. Wherever you work in an organization you have to learn to lead up, lead down, and lead side to side. Leadership belongs to all of us. You have to see yourself, and believe in yourself in the way that we are talking about here to give to those that you lead.

In the end, leadership comes down to consistency and strong, confident action upon which the team can rely - and this doesnt mean imposing a bunch of rules.

The challenge CEOs will face three to five years from now is the same one that they face today. That is engagement. It's hard to keep people engaged in what they are doing. As this generation grows up around social media like Twitter where things are 140 characters, how do you keep them engaged all hours every day at work? How do you keep them focused on the big goals you have?

External scouting is of limited value if it's not teamed with rigorous self- examination. Successful coaches or managers have learned the value of utilizing an outside opinion to give them a fresh look at their personnel. This unbiased view provides an even greater insight, which in turn helps the coach develop flexibility within the team.

In sports and in business, the greatest leaders are those who make the best decisions in the most crucial of situations. They are the ones who focus their energy on turning tough decisions into winning decisions.

There is a strong sense of understanding, appreciation, shared responsibility, and trust that unites and motivates the team to work together.

The success of corporate mentorship programs developed by some of the Great Teams in business demonstrates how powerful this concept can be and what a difference it can make. As General Electric has shown, when a corporate culture includes mentorship, the end result is a dynamic learning environment with leaders constantly shaping leaders.