 Dear students, I welcome you in the course of leadership, emotional intelligence and decision making. This is module number 92 and we are going to talk about level 5 leadership and in this module we are talking about and focusing upon the practical aspect of the level 5 leadership. When we talk about the practicality of the level 5 that means that we are concerned with the organizational facility in which the leader is going to demonstrate his or her capability of having a strong humility as well as an intense will. So, when we talk about humility and will, remember that the combination of these two things would create a level 5 scenario. In this particular scenario, when we talk about humility, it means that you give credit for success to others and you give credit of failure if there is any to your own self and that is basically a characteristic which is found in omnipotent managers. At the same time, the leader is calm and determined. At the same time, the leader is having inspiration and at the same time, the leader is having the ability to motivate other people and these are all the dimensions from which humility would be there to create an environment in which people would be able to show their ability to do their work better. When we talk about will, there is no doubt that the will would be focused upon the intolerant mediocrity in which he will see that he can operate on a level and above. Now, to operate on a level and above, remember that he has to be patient with the aspects that are being developed in the space where the work is being done. He has to be there with clear preferences so that he can tell people how his priorities can be set. At the same time, he can select the choices which are the most optimum and best possible for achieving the targets and goals and objectives. And at the same time, the person needs to be visionary. So these two things, humility and the will, are the ingredients for making the recipe of level 5 leadership. Now, in this concern, remember that when we talk about personal humility, you have to demonstrate an environment in which you should not show yourself too boostful, you should come to others' level and operate so that they should not be feeling alien with you. And secondly, you have to share your ambitions with others very clearly. You also have to understand their context of what are the requirements, what are the needs and wants, what are their expectations, from which a leader will operate there. So, it is very important to have clear ambitions between the leader and the followers. The second thing is that when we talk about professional will, you have to achieve superb results in that professional will. You have to achieve such targets that are not true in others' buses. You have to create synergistic returns. Along with this, you should also know when and where you have to perform. The third most important thing is that you can set such standards which are the standards of excellence. And with the standards of excellence, obviously, followers would be better able to understand how you have arranged your developmental prospects and the needs of the organization. Now, in all aspects, if we elaborate in detail, we will have to focus on some typical aspects for level five. On typical aspects, for example, we have to focus upon first two. Then we have to see a culture of discipline. After that, we will discuss technology as accelerators. We will be talking about Stockdale paradox. And we will be talking about building a breakthrough flywheel. And obviously, we will be talking about hedgehog concept. So, we will now discuss all these things in detail. When we talk about first who, that means, what will be our major focus on? Remember in that case that our major focus is on people and strategy comes the second. Because the people are there to actually execute the strategy. And we have to focus on the strategy on the second level because the resources, the means are becoming more important. Secondly, when we talk about the culture of discipline, we have three points in this. Discipline people, discipline thought, and discipline action. When we talk about discipline people, we are concerned with that you don't need hierarchy because every person is disciplined. We don't need to make chain of command, span of control, lines of authority. When we talk about discipline thoughts, we don't need bureaucracy here. Because bureaucracy is basically required where you have to strongly implement rules and regulations. Then there is the concern of discipline action which is talking about you don't need to have excessive control because that excessive control is required when the people are not having the rightful concern, when they are not having the will and the readiness. Along with this, remember that for level 5, when we talk about technology accelerators, in technology accelerators, you should know about the tools and techniques that a leader can better execute with their planned targets and objectives. Likewise, when we talk about level 5, we are concerned with Stockdale Paradox. Stockdale Paradox is basically talking about that our faith and our effects go side by side. We should not lose our faith or our belief at any level because that is your faith and belief which actually takes you to the goal. Then we talk about in the level 5 concern, build up breakthrough flywheel. When we talk about this breakthrough flywheel, it is obvious that the leader has to be steady, persistent and resilient. Without these three characteristics, the leader would not be able to achieve the required outcomes. Likewise, the author of the article is also talking about the Hedgehog concept. In this Hedgehog concept, basically we are making a comparison between the Fox and the Hedgehog. And it is said that the Fox might be Jack of all, but the Hedgehog is Master of one. And by being Master of one, the Hedgehog is able to keep its survival. So in that case, we should have an idea of what a company can be, the best in the world. What does the company basically perform there so that the best in the world can show their character. How are its economic aspects better than better? And at the same time, what best ignites the passion for its people? Because this passion for people is our point. That is the point that your long-term survivor and above average return will make that base. As you have seen in level 5 concern, that we as Hedgehog can guide and train our followers because we will be having the particular expertise that we have for success. Dear students, if we conclude all this, then we will have to focus on all these aspects to become a level 5 leader. Humility, will, Stockdale Paradox, these are all the aspects that will not be able to be of leadership without focusing on them. Thank you.