A few months ago, President Biden announced his plans to decline the Democratic nomination for the 2024 presidential election. Regardless of your political views, he made a decision that went against his interests for the greater good of the country. That, at its core, is transformational leadership.

As a venture investor and founder of Inspired Capital, I spend much of my time contemplating the strength of someone’s leadership.

Leadership performance is under threat. Many leaders assume that leadership development is a reward rather than an intentional, structured plan to move them through a growth process in support of their continuous improvement on their leadership journey. There are also leaders who assume that excellent financial performance equals excellent leadership performance. For these leaders, the end result justifies the means.