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Both.
Experience has shown us that businesses with too many leaders fail from
their inability to manage and implement day-to-day business issues. Likewise
companies with excellent managers fail because they did not innovate,
motivate change nor watch for strategic threats.
It’s
important to develop managers that can lead and leaders that can manage.
What’s the difference?
Think
of it like this: you want to manage things and lead people. For example
businesses manage costs, inventory, cash flow, processes, information
systems, facilities and operations. Great businesses lead their people,
drive the company vision, guide their employee and customer perceptions, and
ultimately generate a positive and productive corporate mindset and culture.
As the business owner, you are responsible for leading your business to
success and getting your people excited about your vision.
Too
often leadership is seen as defining a step-by-step business strategy and
expecting people to follow the steps or suffer the consequences. This model
fails you, your employees and your business. People will learn to do just
what they have to so that they can meet expectations and not lose their job.
True leadership is the art of understanding and rewarding your employees’
and customers’ needs so that they are motivated to make your business a
success.
Consider
your business. Are you managing and leading? Do you have people that you
entrust to run your business while you lead it in the right direction?
For
more information about successful management and leadership strategies,
please feel free to contact us.
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