Top Dynamic Leader Making a Difference in 2024

1. TOP DYNAMIC LEADER MAKING A DIFFERENCE IN 2024 The way of business solutions VOL-07 ISSUE-25 2024 Tom Tyrrell Founder and Managing Partner, CollaborRx LLC; Founder and Chairman Emeritus, Great Lakes Biomimicry (Subsidiary of Ohio Aerospace Ins?tute) Tyrrell Steel to Social Impact

3. Leadership is not about titles, positions, or owcharts. It is about one life inuencing another. J O H N C . M A X W E L L

5. The Diversity Dividend: How Inclusive Leadership Boosts Pro?itability eaders direct our world, from boardrooms to political arenas. Research shows that effective leadership significantly impacts organizational L success. A study by Gallup found that managers account for 70% of the variance in employee engagement scores, highlighting the crucial role of leadership in workforce motivation. Leadership styles vary, but transformational leaders often achieve the best results. A meta-analysis published in the Journal of Occupational and Organizational Psychology revealed that transformational leadership is positively correlated with team performance (r = 0.44) and organizational performance (r = 0.26). Interestingly, diversity in leadership remains a challenge. Women hold only 8.8% of Fortune 500 CEO positions as of 2022, despite evidence suggesting that companies with diverse leadership teams are 33% more likely to outperform their competitors in profitability. Emotional intelligence is increasingly recognized as a key leadership trait. Leaders with high EQ are 8.9 times more likely to be rated as top performers in their organizations. In its latest edition, “Top Dynamic Leader Making a Difference in 2024,” Insights Success showcases Tom Tyrrell, a visionary leader who is driving innovation and directing the future of the modern industry with his exceptional leadership traits. As you flip through the pages of this edition, you'll encounter a tale of resilience, determination, and boldness in the face of adversity. You'll learn how this leader overcame challenges, seized opportunities, and ultimately transformed their organizations and industries for the better. So, dive in and let yourself be inspired by the story of this remarkable leader who is making waves in the world of business. His journey, his vow to superiority, and his passion for novelty are sure to leave a lasting impression.

6. Editor-in-Chief Merry D'Souza Managing Editor Preston Bannister Executive Editor Eva Miller Visualizer Michael Warner Art & Design Head Donna Claus Co-designer Yasmin Nasser Business Development Manager Sherin Rodricks Marketing Manager Jenny Jordan Business Development Executives Reem Almasoud, Sheldon Miller Digital Marketing Manager Isabel Barnes Technical Head Phil Simon Research Analyst Helena Smith Circulation Manager Finn Wilson sales@insightssuccess.com July, 2024 Corporate Ofce Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-859-2600 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com www.twitter.com/insightssuccess Follow us on : www.facebook.com/insightssuccess/ We are also available on : RNI No.: MAHENG/2018/75953 Copyright © 2024 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success. Reprint rights remain solely with Insights Success.

7. Two roads diverged in a wood, and I—I took the one less traveled by, And that has made all the difference. - Robert Frost

8. Tom Cover Story Tyrrell Tom Tyrrell Founder and Managing Partner, CollaborRx LLC; Founder and Chairman Emeritus, Great Lakes Biomimicry (Subsidiary of Ohio Aerospace Ins?tute)

9. Tyrrell Steel to Social Impact Using wealth as a vehicle to support the less fortunate, and making decisions with a long-term, purpose-driven mindset.

10. What you do for yourself alone A Visionary Entrepreneur Driven by a Passion for Positive Impact dies with you; what you do for others and the world remains ith a spirit and commitment to making a and is immortal. positive impact in various sectors. Being multi- W talented, Tom’s journey to success illustrates his entrepreneurial spirit and enthusiasm for making an effective contribution with his various skills. Recognizing the need for personal change, he restarted the American Steel & Wire in Cleveland, Ohio, ultimately In his six decades of career, he has contributed to various supplying the highest-quality rod and wire products in the sectors, including Steel and Manufacturing, Venture nation and reaching $350 million in revenues in just eight Capital, Data Analytics and Nature-Based Non-Profit and years. During this time, he also co-founded Business Consulting organizations. Volunteers Unlimited (BVU), a 501(c)(3) organization that developed volunteers from the Northeast Ohio business In 2010, he co-founded Great Lakes Biomimicry (GLBio), community to support understaffed non-profit organizations where he is the Co-founder, a 501(c)(3) organization that and train young professionals to become skilled board merged with the Ohio Aerospace Institute to expand its members. reach, helping businesses and educational institutions apply biomimetic thinking for innovation. Tyrrell's entrepreneurial spirit continued to shine as he co- founded Glengary Capital, a venture catalyst; Segmint, a Tom Tyrrell’s entrepreneurial drive continued as he data analytics organization; and CollaboRx, a pro-bono founded another company and became Co-founder of advisory and consulting firm focused on identifying, CollaboRx, a pro-bono advisory and consulting firm collaborating, and integrating nature-based non-profit focused on nature-based non-profits addressing social organizations to address social drivers of health, particu- drivers of health. larly for underserved populations. The CollaboRx Nature-Based Education Alliance aims to In 2010, Tyrrell co-founded Great Lakes Biomimicry reduce social determinants of health for underserved (GLBio), a 501(c)(3) organization that helped businesses, PK–6th grade students and retain girls in STEM. Inspired universities, and educational institutions learn from nature by his experience with GLBio, he saw the transformative and apply biomimetic thinking as an innovation tool. impact of nature-based education on children's academic GLBio later merged with the Ohio Aerospace Institute, performance and behavioral health. expanding its reach and impact. Tom’s philosophy is deeply influenced by his upbringing His latest venture, CollaboRx, is a formal non-profit and role models, especially his parents, emphasizing hard organization (501(c)(3) application pending) with a mission work, community involvement, and caring for others. This to reduce social determinants of health for underserved ethos drives his efforts to make a lasting impact, as populations through nature-based education. By assembling encapsulated by a quote from 1850 poet Albert Pine, "What a consortium of 16 impactful, unique, and leading informal you do for yourself alone dies with you; what you do for nature-based education organizations in Northeast Ohio, others and the world remains and is immortal." Tom’s CollaboRx aims to develop best practices and weave vision has not only shaped successful businesses but also consistent messages into the fabric of their educational left a legacy of meaningful impact. programs, harnessing the healing power of repetitive, passion-based learning, and then taking the process and Let us learn more about his journey: program to other cities and states in the US.. Journey to Success A Visionary Driving Impactful Initiatives Tom started his career at Bethlehem Steel and achieved two At 25 years old, he determined his life should be guided as promotions at the earliest age in the company's history. In if he were writing a book. A good writer knows the 1978, he co-founded a New Jersey steel mill, reaching $250 million within eight years.

12. ending they wish to achieve and makes sure each chapter of firm, with over 1500 patents (and a 95% commercialization their book leads the reader to that significant ending. In rate!), utilizes biomimicry as a question they review with your life, each major decision you make – such as jobs, each of their clients! family, relocation, volunteering, etc. – becomes a chapter, and if you know the ending you want to achieve, you Visionary Approach to Addressing Social Determinants determine if that decision fit the ending you desire. Using of Health that approach, you are responsible to make sure that all your decisions, in some way, fit the ending. As the oldest of Tom's latest endeavor, the CollaboRx Nature Based six children, he was raised in a family where his dad, who Education Alliance, aims to minimize the social determi- didn’t finish ninth grade, worked three jobs and physically nants of health for PK–6th grade underserved populations built a home, while his mom taught first grade for 37 years, and retain girls in STEM. Inspired by his previous experi- He had great role models who worked incredibly hard, ence with Great Lakes Biomimicry (GLBio), where he volunteered in the community, and cared about others more witnessed the transformative impact of nature-based than themselves. education on children's academic performance, attendance, and behavioral health, Tom saw an opportunity to create a Those lessons drove him to work smarter and harder to more comprehensive and sustainable solution. achieve success; his goal was to make every person better off than if they hadn't met him, and thus create a palpable Recognizing the limitations of trying to change the and long-lasting change in the world. traditional school system, he seized the moment when the Cleveland Metroparks Zoo, one of the many nature-based Shortly after the millennium, his wife, Diane, presented him boards of which he is a member, announced the construc- with a quote from 1850’s poet Albert Pine, typifying his and tion of a $120 million Primate Forest project, with the her (44-year critical care nursing career) philosophy of life: tagline "This Primate Forest project is not about the “What you do for yourself alone dies with you; what you do primates, but about the forest." This catalyst enabled him to for others and the world remains and is immortal.” That assemble a consortium of 16 impactful, unique, and leading thought guides them and why it is also on their gravestone, informal nature-based education organizations in Northeast to enable them to continue to impact people long after they Ohio to develop best practices and weave consistent are gone. messages into their educational programs, thus building repetitive nature-based learning opportunities for BVU, his first non-profit start-up, now in its 31st year, and underserved populations. recognized as the largest volunteer organization of its kind in the US, has assisted 3,400 non-profit organizations, Biomimicry: Unlocking Nature's Secrets for engaged 373,000 service volunteers, trained and placed Innovative Solutions 4,000 board members, served 500 businesses, and sup- ported 1,900 skills-based volunteer projects. Biomimicry’s potential is unlimited. Nature has spent 3.8 billion years And GLBio, the second not-for-profit, now 14 years old, of research and develop- has worked with 25+ major corporations through a ment, and, withstanding partnership with the University of Akron (training an equal annihilation events, number of global PhDs); engaged with numerous K–12 failures are fossils, and students, introducing many to the world of nature for the what remains holds the first time; and helped numerous mid-sized companies learn secret to our survival. how to ask “what would nature do” when confronting R&D and Product Design issues. One such organization, Nottingham Spirk, a significant innovative global design

13. As the founder of five for- profit and three non-profit organizations, his legacy will continue to impact people long after he is gone.

14. Biomimicry enables us to create products, processes, and systems to solve our greatest design challenges without further jeopardizing life on Earth. Nature inspires more and more solutions every year, and the menu of accomplish- ments is expanding rapidly. Several well-known or unique examples include burr seeds inspiring Velcro; kingfisher, owl, and penguins inspiring the Bullet Train; mussels inspiring underwater adhesive; bird wings inspiring human flight; mosquito proboscis inspiring a less painful needle; and termite mounds inspiring buildings that cool themselves. Bridging the gap between business innovation and social impact His focus varied as his career(s) advanced. Of course, profit motives were a major driver, but developing a unique team culture, which included caring about employees, involving them in unique ways, creating an encompassing and stimulating culture, and treating them as family remained paramount. Along with never ignoring sustainable practices and nature, increasing profits and income to advance each company as a gateway to its next step, was critical. From 1986 onwards, he started leading his organizations, but always maintained board involvement, both active and philanthropic, with many non-profits, several of which he founded and continued to help be successful. Collaboration in addressing complex societal issues Tom’s entire life focused on collaboration; to him, it came naturally. His secret to starting a business or non-profit, was to concentrate on what he did well, not on what he didn’t know (the downfall of many entrepreneurs), and hire the strongest people, smarter at those skills than him, while building a strong sense of trust, getting them engaged with a shared vision, and letting them operate their area of expertise, keeping him aware of what he needed to know. True gratification comes not from monetary gain but from the moments when a former team member approaches you, expressing heartfelt gratitude for the positive impact you've had on their life.

15. Thus, his skills in evaluating and selecting team members Advice from a Visionary Leader: Encouraging Mean- have been the strongest and most significant factor in ingful Impact helping him achieve his accomplishments. Tom emphasizes the importance of caring about others Navigating challenges to drive positive change more than oneself, using wealth as a vehicle to support the less fortunate, and making decisions with a long-term, While facing certain challenges in the industry, he believes purpose-driven mindset. a person simply cannot handle everything themselves, regardless of organizational size. People skills, creating a He encourages aspiring leaders to determine what they want culture, and recognizing and gratifying each person’s their legacy to be and then align every chapter of their life's contribution are skills no technology will replace. "book" to reflect that vision. He believes that true gratification comes not from monetary gain, but from the Selecting and treating team members as you would like to moments when a former team member approaches you, be treated yourself enhances quality and customer care expressing heartfelt gratitude for the positive impact you've more than focusing on those objectives alone. Striving to had on their life. become the best you can and identifying an organizational need to make yourself invaluable and indispensable are Tom's wisdom underscores the importance of staying keys to success. Make everything you do the best it can connected to reality, embracing the power of human be—do it right or don’t do it at all. connection, and recognizing that the true measure of a life well-lived is the number of people one has loved and Aligning CollaboRx Nature-Based Education with impacted, and the number of people who have loved them in return. STEM Leaving a lasting legacy through your work and Capturing children’s minds in the PK–6th grades is key. As examples, observe children doing incredible things with a initiatives skateboard, dirt bike, golf club, basketball, and tennis racquet. If they have a mentor coaching them, they will Tom's boundless energy and passion for making a differ- develop a passion by repeating the process, correctly, over ence have guided him through incredible predicaments in and over and ultimately be carried through their lives every organization he has started. He believes he was put on successfully.. this earth to improve the lives of others, a mission he has pursued relentlessly for the past 40 plus years. CollaboRx’s initiative focuses on getting children involved in educational passions at a young age, which can facilitate After moving to Ohio and serving on nearly 30 non-profit critical thinking to be developed earlier than most people boards, he brings his organizational skills, enhanced focus, think realistically occurs. Our nation is working to mitigate and fundraising expertise to each organization he joins. He social determinants of health by eliminating food deserts; sees his purpose as enhancing the board's effectiveness, presenting skilled job training opportunities; making stable engaging new and highly skilled members, expanding their housing available; and offering physical, mental and philanthropic outreach, and then moving on to the next addiction integrated behavioral health services. But we, as opportunity, always striving to create lasting change. a nation, are missing the opportunity of positioning young minds, especially underserved populations, become As the founder of five successful for-profit and three non- prepared to help change the world. We need generational profit organizations, his legacy will continue to impact change to move from correctively dealing with social people long after he is gone. His commitment to making a determinants of health, moving gradually to preventive and difference, guided by the wisdom of Albert Pine's quote, has finally to proactive approaches. Adults are not going to shaped his life of purpose, impact, and gratitude. change the world – it can only be done by our children. This is what CollaboRx does! CollaboRx’s vision to not only offer children opportunities to develop a passion, but also mentors, enabling them to accomplish things they have little chance to achieve today.

16. The Midas Touch 2.0 n the age of digital transformation understand that to remain competitive, Agile and Resilient Leadership and global connectivity, the they must foster a culture that I concept of the "Midas Touch" has encourages creativity and risk-taking. The ability to adapt quickly to evolved. No longer confined to the This involves creating an environment changing circumstances is a key where employees feel empowered to mythical ability to turn everything into component of the modern Midas explore new ideas and challenge the Touch. In a world where disruptions gold, the modern Midas Touch status quo. are frequent, leaders must be agile and symbolizes a new breed of leadership that transforms businesses into thriving resilient. They view change as an enterprises through innovation, To cultivate such a culture, leaders are opportunity rather than a threat and are resilience, and purpose-driven breaking down silos and promoting adept at pivoting strategies to navigate strategies. cross-functional collaboration. They uncertainties. are investing in research and Embracing Digital Transformation development, providing resources for Agile leaders prioritize the well-being continuous learning, and encouraging of their employees, recognizing that a The modern Midas Touch is deeply open communication. By doing so, healthy and engaged workforce is intertwined with digital transformation. they are unlocking the full potential of essential for resilience. They invest in Leaders today are harnessing the their teams and driving continuous mental health resources, promote power of technology to streamline improvement and innovation. work-life balance, and foster a operations, enhance customer supportive work environment. By experiences, and open new revenue Leading with Purpose and Integrity building resilient teams, these leaders streams. By integrating artificial ensure that their organizations can intelligence, machine learning, and Modern leaders are redefining the withstand and thrive amid disruptions. data analytics into their business metrics of success by integrating models, these leaders are able to make purpose and ethical considerations into Strategic Vision and Long-Term informed decisions and stay ahead of their business strategies. They Planning the competition. recognize that in today's socially conscious market, consumers and Today's leaders combine their For example, in retail, leaders are using employees are drawn to companies that innovative approaches with strategic AI to predict consumer behavior and stand for something beyond profit. vision and long-term planning. They personalize shopping experiences, understand that short-term gains must resulting in increased customer Purpose-driven leaders are transparent be balanced with sustainable growth. satisfaction and loyalty. In about their values and demonstrate a This involves setting clear goals, manufacturing, the Internet of Things commitment to social and aligning resources, and continuously (IoT) and automation are optimizing environmental responsibility. They are monitoring progress. production processes and reducing addressing global challenges such as costs. By embracing these climate change, inequality, and Strategic leaders are forward-thinking, technologies, modern leaders are not community development through always looking to the future and only transforming their businesses but sustainable practices and corporate anticipating market trends. They are also setting new industry standards. social responsibility initiatives. This not afraid to make bold decisions and alignment of business practices with take calculated risks to position their Cultivating a Culture of Innovation core values not only enhances a organizations for long-term success. company's reputation but also fosters By maintaining a clear vision and Innovation is at the heart of the Midas long-term loyalty among stakeholders. executing with precision, they are able Touch 2.0. Successful leaders to steer their businesses towards sustained growth and profitability.

17. Harnessing the Power of Technology not just shaping the success of their companies; they are redefining what it Technology plays a pivotal role in the means to be a leader in a rapidly hands of revolutionary leaders. They evolving world. leverage advancements in artificial intelligence, big data analytics, and The Midas Touch 2.0 represents a new automation to streamline operations, era of leadership where success is personalize customer experiences, and measured by more than just financial unlock new business models. performance. Modern leaders are However, technology is seen as a tool, transforming businesses into gold by not a solution itself. Leaders ensure embracing digital transformation, that human ingenuity and ethical fostering innovation, leading with considerations remain central to their purpose, demonstrating agility, and technological advancements. executing strategic vision. Their ability to navigate the complexities of the Building a Culture of Agility modern business environment and create lasting value sets them apart as The world is changing at an true revolutionaries at the helm. As unprecedented pace. Revolutionary these leaders continue to redefine what leaders understand that adaptability is it means to succeed, they are shaping a paramount. They create agile brighter, more sustainable future for organizations that can quickly pivot businesses and society alike. strategies, embrace new technologies, and respond effectively to unforeseen challenges. This requires empowering employees, fostering open communication, and dismantling rigid hierarchies. Leading by Example These leaders are not just visionaries; they are also inspiring role models. They lead by example, demonstrating a relentless work ethic, a deep commitment to their teams, and unwavering passion for their mission. This inspires employees at all levels to embrace change, contribute their best, and strive for collective success. The Future Belongs to the Bold The business world is no longer a playground for the complacent. Revolutionary leaders who embrace disruption, prioritize stakeholders, and harness technology are the ones propelling their businesses towards a thriving future. These visionaries are

18. , , , , The Internet is becoming the town square for the global village of tomorrow. - Bill Gates

19. EMERGING TRENDS AND BEST PRACTICES Exploring The Future of Business Leadership he landscape of business consumer behavior. Leaders must be cultural sensitivity, adaptability, and leadership is constantly agile and proactive, capable of the ability to bridge cultural gaps will T evolving, and as we look to the identifying emerging trends and shifts be well-positioned to lead future, it is essential to examine the in the competitive landscape. The multinational organizations and ability to anticipate market changes navigate the complexities of a emerging trends and dynamics that will and act swiftly will be crucial for globalized world. shape the way leaders navigate their staying relevant and maintaining a organizations. The future of business leadership holds both exciting competitive edge. Future leaders will Purpose-driven Leadership: possibilities and unique challenges, need to foster a culture of continuous requiring leaders to adapt and embrace learning and encourage their teams to In the future, successful leaders will be new approaches. In this article, we will embrace change, take calculated risks, those who can inspire and unite their delve deeper into key areas that will and think outside the box. teams around a shared purpose. define the future of business leadership Millennial and Gen Z employees, in and explore strategies for success in an Cultivating Emotional Intelligence: particular, seek meaning and purpose ever-changing world. in their work. Leaders who can In an era of automation and digital articulate a compelling vision, align it Embracing Digital Transformation: connectivity, leaders will need to place with the organization's values, and an increased emphasis on emotional foster a sense of purpose among In the coming years, digital intelligence. Understanding and employees will attract and retain top transformation will continue to effectively managing emotions, both talent. Purpose-driven leaders prioritize revolutionize industries across the their own and those of their teams, will social responsibility, sustainability, and globe. Business leaders must recognize be essential for building strong ethical practices, ensuring that their the potential of emerging technologies relationships, fostering collaboration, organizations make a positive impact such as artificial intelligence, and inspiring employee engagement. on society while achieving business blockchain, and the Internet of Things. Leaders who can empathize, goals. They need to foster a culture of communicate effectively, and motivate innovation and digital literacy within their teams will be better equipped to Embracing Future their organizations, enabling them to navigate complex challenges and drive leverage these technologies to drive organizational success. The future of business leadership will efficiency, enhance customer require a combination of adaptability, experiences, and uncover new business Global Mindset and Cultural technological acumen, emotional opportunities. Effective leaders will Intelligence: intelligence, cultural awareness, and a have a deep understanding of strong sense of purpose. Leaders who technology trends, stay informed about The future of business leadership will embrace these qualities and strategies disruptive innovations, and proactively be marked by increasing globalization will be well-prepared to navigate the adapt their strategies to stay ahead of challenges and seize the opportunities and interconnectedness. Leaders must the curve. that lie ahead. By fostering innovation, possess a global mindset, which cultivating strong relationships, and involves understanding diverse Navigating Disruptive Market leading with integrity, the business cultures, markets, and global trends. Forces: leaders of the future will drive their Cultural intelligence will play a vital organizations towards sustainable role in building relationships with The future of business leadership will success in a rapidly changing world. international partners, managing be characterized by intense market diverse teams, and expanding into new disruptions and rapid changes in Embrace technology: Business markets. Leaders who demonstrate leaders of the future will need to have a

20. deep understanding of emerging ethnicity, age, and background, as technologies and their potential impact diverse teams bring different on business. Technologies like artificial perspectives and ideas. Inclusive intelligence, blockchain, and leadership involves creating a safe and automation will transform industries, supportive environment where and leaders who can leverage these everyone feels valued and empowered technologies effectively will have a to contribute. competitive advantage. Foster a culture of innovation: In a rapidly changing business landscape, innovation will be critical for success. Future leaders should create a culture that encourages creativity, risk-taking, and continuous learning. They should promote collaboration and empower employees to contribute ideas and experiment with new approaches. Develop digital literacy: As businesses become increasingly digitized, leaders must develop a strong digital skill set. This includes understanding data analytics, digital marketing, cybersecurity, and the use of digital tools for communication and collaboration. Digital literacy will be essential for making informed decisions and driving digital transformation. Emphasize sustainability: With growing environmental concerns, businesses are expected to prioritize sustainability. Future leaders should incorporate sustainability practices into their business strategies, such as reducing carbon footprint, implementing renewable energy sources, and promoting ethical and socially responsible practices. This not only benefits the planet but also improves brand reputation and attracts conscious consumers. Cultivate diversity and inclusion: The future of business leadership will involve fostering diverse and inclusive work environments. Leaders should value diversity in terms of gender, race,

22. Leadership is the capacity to translate vision into reality. - Warren Bennis