Gaining Leadership Currency

In this insightful interview, Richard Solomon, Managing Director of the Development Consulting Center Ltd., explores the critical concept of "leadership currency" and how it can be enhanced through narrowing power distance, increasing relatability, and demonstrating authentic care. Solomon expertly unpacks the concept of power distance—the degree to which less powerful members of organisations accept unequal power distribution—and positions Trinidad & Tobago within this framework. He examines how these cultural dynamics directly impact national leadership effectiveness and organisational success. The conversation delves into practical strategies for leaders to leverage appropriate power distance to advance their organisation's mission while maintaining necessary authority. Solomon addresses the common misconception that proximity to followers undermines accountability, offering a nuanced perspective on how authentic relationships can strengthen leadership effectiveness.