What the Rio Olympics Teaches Business Leaders

Channel your inner Olympian. · Fortune

Cathy Engelbert is CEO of Deloitte LLP.

As the opening ceremony for the 31st Olympic Games kicked off in Rio de Janeiro Friday night, 207 nations joined to celebrate this pinnacle of sportsmanship, dedication, and talent. More than 10,000 athletes will bring their unique stories of personal trial and overcoming odds to live their passion.

From my early days of playing 2:2 in basketball against my three older brothers, to my years playing Division 1 college basketball and lacrosse, sports have played a big role in my leadership development. I can't help but feel the excitement of the international community coming together to honor athleticism and achievement.

The Games also remind me that business leaders and athletes share similar qualities. They must know when to lead, know when to follow, know when to pass to their teammates, and know when to ask for help, to name a few. I'll watch as these same themes unfold in Rio, and celebrate their impact in our workplace, as we watch moments of brilliance in the performance of these athletes.

Here are some ways professionals can channel their inner Olympian:

Find a coach that invests in your growth. Behind every great athlete is a masterful coach that inspires the athlete to evolve into the strongest performer they can become. Seek out a personal coach or mentor in the workplace. He/she should push you when you need it by encouraging and motivating you. Don't be afraid of their honesty. And most importantly, pay it forward and become a coach to someone else. Take Gerek Meinhardt, a Deloitte advisory consultant who is also an American fencer competing in Rio. Gerek's 17-year relationship with his coach helped pave his Olympic journey. And true to the nature of paying it forward, Gerek's coach is a former fencing Olympian who is now helping Gerek attain his Olympic dreams.

Measure success in your own achievement, not against others. You never know where your career will take you. A competitor in the market could suddenly become an unlikely partner. Be flexible, keep your slate clean, and stay open to unlikely collaborations.

Keri Walsh Jenner and April Ross were on opposing American women's beach volleyball teams, competing against each other in the London 2012 Olympic finals. After Keri and her partner clinched the gold, Keri immediately asked April to team up in Rio and aim for the gold together. Both of their partners were retiring, opening up chances for an unlikely partnership that inspired their Rio journey together.

Persevere through struggle and setbacks. Late nights, early mornings and personal sacrifice are a necessary part of every Olympic success story. Athletes have to overcome a daily struggle to avoid feelings of self-doubt when facing temporary setbacks.