Good leaders are aware enough to realize that they're not always the right ones to spearhead projects, says Chauncey C. Mayfield, president and CEO of MayfieldGentry Realty Advisors. Senior executives should often take a back seat and let junior managers with task-specific skills take over, Mayfield says. "The point is, we're all smart, that's a given. But are we smart enough to take our egos and park them?"

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