Today, American Business Is Shifting
In the name of efficiency and profitability companies are implementing process improvements, changing business models, navigating acquisitions, and in some cases hiring new leaders to get the job done.
The Harvard Business Review states that most US corporations are over managed and under led. They need to develop their capacity to exercise leadership. HBR goes on to affirm that leadership doesn’t work without management, and in fact, that scenario could be disastrous. The biggest challenge is finding the delicate balance between leadership and management. Understanding the difference is the first step.
Many feel that there is a pendulum swing between leadership and management. When companies need to change quickly they promote managers to increase process and profits. When they want to develop and engage people and invent the future, they promote leaders. Wrong and wrong.
Management is about coping with complexity. Without good management, complex enterprises become chaotic in ways that threaten their very existence. Good management brings order and consistency to the quality and profitability of products.