Leadership is more of a responsibility than a designation. It involves inspiring others and and building trust between team members. Leaders also have toto strategize the work culture management and associate with organization as a symbol of perseverance. Dr. Marcus Schmalbach (MBA / PhD), a renowned professor of business management and Founder and CEO of RYSKEX GmbH is one such leader who is exemplifying strategic leadership with some impressive business management traits.
Marcus has a long-standing experience in risk and captive management in various industries. Prior to RYSKEX, he was Head of German of MBA program located in Bielefeld, Germany. He is still working as a visiting professor on Innovation and Risk Management matters with universities in Germany and USA.
Serving Top Players
RYSKEX’s customers are the risk and insurance management departments of blue-chip companies that are both very smart and at the same time very traditional thinker. The company uses the possibilities of modern technologies like AI and Blockchain to support its highly innovative solutions. However, the company focuses on value addition, customer needs, and creating a symbiosis of future-oriented technology with trustworthy cooperation. Especially in the B2B sector, customer confidence -even in the age of digital transformation is the elementary component for success.
Leaders are Risk Takers
Marcus advocates the opinion that leaders are born and one can’t train these skills. It’s also hard for him to name the real characteristics of a leader. Many people believe that a leader has to be a positive guy with a high empathy, but Marcus has some different opinion to it. He opines,A leader must have a higher goal in mind and radiate the faith and charisma that people follow him whether he is punctual, attaches importance to diversity in the company or possesses a lot of empathy is irrelevant to me.” According to him, integrity, charisma, goal orientation and the backbone to be able to make unpopular decisions are some of the most important attributes that every leader should possess.
Every Day is a New Challenge
Marcus considers that in a start-up with a disruptive business model, every day is a challenge and a test. A daily struggle and a departure from decisions where cooperating with traditional market participants, yes or no, which venture capital company is the right one?, Which form of financing is the right one in the medium or long term?, What do we focus on, which markets, which technical solutions must be included in the MVP, and which can be implemented later? These are the frequent questions one has to deal with several times a day and which can decide whether victory or defeat, especially at the beginning of the business cycle. He thinks founders are the people who look around for that thrill. If they are equally equipped with a “leader gene”, they can create a game change.
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