As we head into the first quarter of this new year, it’s important to kick off with a strong foundation. For me, that means taking stock of my leadership influence—specifically, how am I developing myself to this high calling of leadership? While most people evaluate their leadership based on their management skills, leadership requires more than just being a proficient manager.

I read an article recently about how more than sixty percent of people that are promoted into a position of leadership—leading people, teams, groups—have never had any type of leadership training.

Once the soaring leader in the aerospace sector with a stock price of around $430 per share and a market capitalization of almost $240 billion, Boeing has dropped far from its heyday. With the BA stock price down by more than 60% and market capitalization losing billions by the day, the corporation is today a shell of its past. This sharp drop did not occur by accident; rather, it was the outcome of a sequence of strategic errors, leadership decisions, and cultural changes costing Boeing not only financially but also reputationally.

This was a realization I came to many years ago. I’d just accepted the position of dean at Washington State University, and it wasn’t long before I felt overwhelmed. On day one, I realized we were in trouble with issues ranging from disengaged alumni and financial troubles to the dire threat of losing our AACSB accreditation. My new team presented me with a report detailing not one, not two, but twenty-six critical areas needing immediate attention to save our accreditation.

Being a CEO and leading in today's business world can often feel akin to orchestrating a high-stakes symphony performance in front of thousands. While it's not a literal performance, the continual complexities and changing landscape of business can leave executives feeling as though they're conducting a high-stakes symphony due to the necessary strategy, resilience, pressure, and adaptability required for success.

Inspiration. Collaboration. Authenticity. Engagement and empowerment. It's easy to name some of the qualities of a great leader. Still: Since most great leaders are made, not born, it's a lot harder to possess those qualities when you have little or no leadership experience.

We can all name them: Who in your organization holds your attention when they speak up? Who can you count on to be the most engaging dinner conversationalist? What speaker do you see on a program who pulls you in? The names that come to mind are those who tell stories so well that time seems to stand still.

“Oh, I pretty much know my strengths and my weaknesses.”

If we had a dollar for every time we’d heard this from an executive we were coaching, we could have retired a long time ago. When probed, they often proclaim that while they might not recognize all their strengths, they are confident about knowing their serious weaknesses.

It’s gotten to a point where I’m not even shocked anymore. An organization with a charismatic leader experiences enormous growth. Rumors and rumblings of leadership trouble behind the scenes start to come out, followed by actual allegations of bullying, sexual harassment, dominating personalities, or abuse. The leader goes down in scandal, sometimes taking the organization with him or her.

CEOs often prefer to focus on the positive. After all, it’s a good place to start when it comes to learning lessons and finding takeaways from both successes and miscues. But CEOs also benefit from learning how to recognize when they’re exhibiting bad leadership qualities.