TGL036: LEADERSHIP LESSONS FROM A FORMER NAVAL CAPTAIN

W/ MICHAEL ABRASHOFF

02 November 2020

On today’s show, Sean talks with Michael Abrashoff. In this episode, Michael talks about the leadership principles he relied on to transform the USS Benfold, and how we can use those same principles to improve our own leadership skills.

In 1997, Michael took command of the USS Benfold, one of the poorest performing ships in the US Navy at that time. In a few short years under his leadership, it became one of the best performing ships in the fleet.

Michael also wrote a book about his experience titled “It’s Your Ship: Management Techniques from the Best Damn Ship in the Navy.”. It’s gone on to become a best-seller.

SUBSCRIBE

IN THIS EPISODE, YOU’LL LEARN:

  • How Abrashoff “turned around” one of the lowers performing ships in the US Navy
  • The importance of getting your team to take “ownership” of the business or organization
  • Why being liked by your people isn’t as important as being respected.
  • Why Abrashoff interviewed all 310 men and women on his ship
  • Why driving for “one percent better each day” and then letting compounding do its thing can be so effective
  • How to achieve great goals by small, constant, measured, daily improvement
  • Why the more command Abrashoff gave up the more command he got over his ship
  • Why Abrashoff banned all meetings one day each week
  • Why leaders should always eat last

HELP US OUT!

Help us reach new listeners by leaving us a rating and review! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

BOOKS AND RESOURCES

CONNECT WITH SEAN

CONNECT WITH MICHAEL

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Sean Murray  0:02  

Welcome to The Good Life. I’m your host, Sean Murray. My guest today is Michael Abrashoff. In 1997, he took command of the USS Benfold. It is one of the poorest performing ships in the US Navy at that time. 

In a few short years, under his leadership, it became one of the best performing ships in the fleet. He wrote a book about his experience entitled “It’s Your Ship: Management Techniques from the Best Damn Ship in the Navy.” It’s gone on to become a best seller. 

In this episode, Mike talks about the leadership principles he relied on to transform the USS Benfold, and how we can use those same principles to improve our own leadership skills. I hope you enjoy my conversation with Mike as much as I did. My friends, I bring you Michael Abrashoff.

Intro  0:54  

You’re listening to The Good Life by The Investor’s Podcast Network, where we explore the ideas, principles and values that help you live a meaningful, purposeful life. Join your host, Sean Murray, on a journey for the life well-lived.

Sean Murray  1:17  

Mike, welcome to The Good Life.

Michael Abrashoff  1:20  

Sean, it’s a pleasure to be with you. Thanks for having me.

Sean Murray  1:23  

You had a long and distinguished career in the Navy. You graduated from the Naval Academy. You had various assignments as a junior officer. And then, you spent time at the Pentagon in the 90s, working for Defense Secretary William Perry. You call him the finest leader you ever worked for. I hope we get into that a little bit. 

But in 1997, you took over command of a ship, which is the USS Benfold. And then you wrote a book about your experience. I love the book. It’s called “It’s Your Ship: Management Techniques from the Best Damn Ship in the Navy.” It has gone on to become a best seller and a classic leadership book. 

I’d like to start with your assignment in 1997. You took command of the USS Benfold, which is one of the poorest performing ships in the Navy at that time. What was the situation and what was going through your mind?

PROMOTIONS

Check out our latest offer for all The Investor’s Podcast Network listeners!

TGL Promotions

We Study Markets