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Wednesday, February 7, 2007

Business: Management vs. Leadership

Management is doing things right; leadership is doing the right things.
- Peter Drucker

Leadership is a buzzword in business. I can bet any two people you ask, you will get a different response on what leadership is.

To be an effective executive, one must do the right things well. Everyone in any organization should do this.

I think true leadership is the ability to inspire over whom one does not have any authority. All business corporations are hierarchical in nature. I find it amusing that "leaders", usually Vice Presidents (VP) or higher, in most corporations don't spend any time with the people they are supposed to manage/lead and are focused on pleasing their bosses. Also, they get rewarded for it:-)

How many effective executives have you come across in your life?