Know where you are going.

Rule 2: Know where you (personally) are going and make sure that your key people also know where they are going.

When I was first starting my career - as an Analyst at GECC (General Electric Credit Corporation). My boss's boss made a point of having one-on-one's with everyone in his area. He asked me where I was going in my career (what I wanted to do) in a year, then 5 years, 10 years, 25 years and by the end of my career. I didn't know. He told me to think through it, write it down, and come back to him when I was done.

It took a while - but I finally came back to him with several pages of notes. We didn't really discuss the specifics but we did discuss a process - every time I had a career decision to make I had to open that notebook and look at what I had written. Did the decision at hand fit in the roadmap that I had created. If it did, great - if it didn't - was the roadmap wrong (needed revision) or was it right. Either way it made the decision making process easier (not easy). I've made mistakes - but for the right reasons.

I have (still have) a map, and I have a process. I've used that process throughout my career. I've put 10's of people who worked for me and those who I've mentored through it. It works.