Life and Leadership Lessons from "It's a Wonderful Life"

Most of us have seen the classic holiday movie “It’s a Wonderful Life.” A lot of us have seen the film many times because it tells such a timeless and compelling story about how any one life can positively impact so many others. While the movie holds many life lessons, we feel it has a few leadership lessons as well.

For those who have not seen it,  “It’s a Wonderful Life” is the story of George Bailey—a man who serves and sacrifices for others. The Bailey Building and Loan lends money to poor people many of them would not own a home were it not for the BBL.  Mr. Potter, the arch villain in the film, is a greedy old man who thrives on exploiting people in Bedford Falls. He continually threatens the Bailey Building and Loan’s survival.

George Bailey is in conflict between his obligations and his dreams—He wants to get out of the small town of Bedford Falls (George remarked, “ I want to shake the dust off my feet of this shabby little town and see the world. I've got big ideas and big plans and I want to build big things.”) And as he said to his father at dinner one night—“I want to do something big and important.” His father replies: “In a small way we are doing something important—man has a fundamental urge to own a roof over his head.”

George’s ambitions are thwarted by old man Potter’s schemes. After his Father died George is on his way out of town. In a character defining moment George agrees to stay dashing his dreams of far-flung adventure—creating instead a more intimate adventure that has a far greater impact on his personal world.

The film shows that real influence comes not from title or rank (as George had no formal title in the town such as Mayor) but from attempting to connect and help the people around us.

The movie also shows us that as we make ourselves available to others with courage and caring our lives develop meaning and a legacy is created, not necessarily along the paths we intended but in small acts that make a difference. George Bailey shows that if we respond with generosity and compassion our lives would have meant something. But he didn't realize this fact until the end of the movie.

Scene: George, faced with financial and personal crisis and feeling that he never made it. He attempts suicide and Clarence his guardian angel (Read: life coach) gives him a privileged look at the impact of his life on the people in Bedford Falls

George Bailey only understands the dramatic difference he made when he sees what Bedford Falls became had he never lived.

Scene: George, in desperation and shock is walking along the snow-covered streets of what is now called Potterville—a town overrun by greed and selfishness.

Clarence  says “Strange isn't it, each man’s life touches so many other lives and when his isn't around he leaves an awful hole.”

In one of the most famous (and emotional) scenes in movie history: When the townspeople all came to George's house to contribute to the BBL deficit, George finally understands how his life of service has created deep commitment to him from the town’s people (when he was in need) even though he didn't know it.

George has a wealth far beyond material goods or power. Frank Capra reminds us that there is no substitute for relationships of integrity, trust and caring. Relationships that are forged through consistent acts of service.

Whatever our position, if we influence the lives of those around us, we are engaged in the act of leadership. And if we are leaders in any sense, we are also creating a legacy as we live our daily lives. Our leadership legacy is the sum total of the difference we make in people's lives, directly and indirectly, formally and informally.

George Bailey had created an enduring legacy because of his acts of caring, compassion, and courage.

Cheers to a new year and another chance to make a difference.

Peter Mclees