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Posted on June 8th, 2012, by

Leadership Wisdoms From the Monk Who Sold His Ferrari is a practical guide aiming to describe the qualities of successful business leader. Julian Mantle, the protagonists of the story decides to change his life in order to find the answers to the fundamental questions of his life. This decision comes to him after heart attack and some time spent in hospital. He makes a long journey to India looking for the answers for difficult question which arose in his head, “but during his first months in India, the wisdom he sought eluded him”(Sharma 25). Despite he positions himself as a person far away from corporate life he manages to pass very useful information concerning business leadership to the readers. Julian discovers 8 universal truths, which make any person a successful leader.

Sharma’s book gives important knowledge about professional and personal leadership. 8 lessons, or rituals, contain practical information for organizational leaders and managers. These eight rituals are: the Rituals of Visionary Leaders, Powerful Principles for Change Management, the Timeless Laws of Human Relations and High-trust Teams, Leadership Truths to Energize, Encourage and Inspire Employees, Simple Lessons for Self-renewal, Stress Mastery and Personal Leadership, Wisdom to Cultivate Creativity, Character and Spirit at Work. Each chapter of the book is dedicated to one ritual and all together they cover all important spheres of business leadership. These lessons can not only increase profits of an organization, but also change inner perception of its members. Sharma speaks about such important themes as morality, quest for meaning and sense of life. He does not separate organizational leadership from spiritual leadership putting these two notions in close correlation. He believes that leaders and managers can perform successfully only if they can become an example of moral behaviour and deep spiritual work for all people who follow them. True leaders not only influence the minds of people and control their behaviour, but also bring sense to the lives of people and help them to discover deeper understanding of themselves. Sharma believes that leaders should take responsibilities for the people they lead. Mistakes of the leaders may have very serious consequences as they influence not only an organization as a whole, but also each separate individual.  “This wise leader of the Great Sages of Sivana believed that all failure, whether in the business world or in one’s personal life, could ultimately to be traced back to a failure in leadership” (Sharma 38). Leadership responsibility gets new shades of meaning when a leader realizes that he is responsible not only for the actions of people, but also for their thoughts and feelings.

Old truths, such as making choices for other people based on the principle ”˜Leader Lead Thyself’ or developing an original way of thinking ”˜See what All See, Think What None Think’ get new meaning in the context of the book.

Sharma one more time proves universal nature of Love, Truth and Wisdom and shows readers how these ideas work for successful leadership.

Sharma does not divide leadership from spirituality because he believes that spirituality is a fundamental aspect of human life. His concept of “link paycheck to purpose” expresses his ideas about the meaning of financial reward in modern world. He explains that money is not always good equivalent of effort and time engaged in work process since not all people work only for monetary reward.

He underlines importance of team work and good results, which leaders can achieve, when all team members feel personal involvement in the work process. “Manage by mind, lead by heart” perfectly illustrates the credo of new spiritual business leader, who uses his knowledge for both ”“ use of his organization and good of all its members.

Leadership Wisdom from The Monk Who Sold His Ferrari presents a new approach to business management and leadership. Ideas from the book are original and innovative and have practical meaning. Sharma gives step by step guidelines for people to reach success in different areas of their lives. Treating organizations and their members as spiritual creatures, Sharma uses universal laws expressed in his previous books for creating successful and prosperous organizational structures. He pays much attention to personal characteristics of each member of organization because he believes that unhappy people are not able to bring any profit to the organization. He makes an accent on the importance of respect and trust as the basis of organizational relations. Ideas from the book can be applied to practically any sphere of business starting from small business and up to gigantic organizations, such as Microsoft and IBM.

The book is entertaining and useful at the same time. Leadership Wisdoms From the Monk Who Sold His Ferrari contains quotations, which expand the author’s vision of the subject and prove his ideas.

Eight rituals contain theoretical and practical knowledge, which can become guidelines for any types of organisational leaders and managers.

Simple style of narration makes reading easy but does not diminish the importance of ideas expressed by the author.

In some cases simplicity of narration becomes the only demerit of the book. Too simple dialogues and repeating common truths sometimes make an impression that book lacks some depth. Big quantity of fresh and original ideas fully compensate this demerit.

Combination of fictional elements and specific knowledge on business, management and leadership create a unique style, which helps the readers to perceive serious and important information in easy and entertaining manner.

Readers learn from Julian and together with him. This makes narration more personal and appeals not only to the minds, but also to the hearts of the readers. Sharma one of few authors writing about business leadership, who address the theme of spirituality and sense of life. This approach can expand the knowledge of business leaders adding new dimension and new realizations to their strategies. The book is useful not only for those, who are interested in business and leadership, but also for everybody, who make and attempt to understand himself and others. Good structure of the book makes it easy and practical guide for everybody, who decides to use Sharma’s ideas in practice.

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