Before he died, former Los Angeles Lakers owner Jerry Buss had a telling conversation with his general manager, Mitch Kupchak.
Kupchak who had the responsibility of assembling the team, once asked Buss, “What is my budget when it comes to signing players?”
Buss replied, “That depends on the player.”
Hello! … The Lakers did not get to be one of the premier sports organizations in the world by being lucky (or cheap, for that matter).
They made it to the top because of leadership. Buss understood the only thing that separates great organizations from good ones is talent. Ever heard of Magic, Kareem, Wilt, Kobe, or Shaq? You know you are good when you are known by a single name.
Great talent is worth whatever you have to pay for it. So many organizations ignore this truth. They opt for cheap, settle for mediocre, make good their goal, and then wonder why they have average results.
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If you want to be great, there is a price to be paid and a team to be assembled. How much should you spend on your team?
“That depends on the player.”
I can tell you this. If you find the right one, they will be worth whatever you have to pay.
Leadership Begins at Home,
What is your strategy for attracting great talent?
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