In the summer of 2008 I was happily working as a professor at Syracuse University when I received an unexpected phone call. For the previous year the American Enterprise Institute—one of the oldest and best-known think tanks in the country, where I had a part-time affiliation—had been searching for a new president. Was I willing to be considered for the job?

A version of this article appeared in the March–April 2018 issue (pp.37–42) of Harvard Business Review.