My premise is that leadership alone can enable certain companies to succeed where others have failed. Competent leaders create the direction for their businesses, manage the opportunities, and actively build the culture and capabilities required for strong performance. This kind of leadership will make Comcast successful in its absorption of NBC Universal in spite of opinions to the contrary voiced in the trade press (David Carr, NYT, 10/25/09) and reflected in the decline of Comcast’s share price since the announcement.

For years, media executives have been guided by a simplistic view of what defines success: Continue reading…