It is important to note that not all managers are leaders, and not all leaders are managers. In his book Lincoln on Leadership, Donald Phillips describes some characteristics and traits of effective leaders. Some of these characteristics and traits are courage, knowledge, commitment, and understanding to name a few. Some researchers feel that leadership in an organization is can be highly overrated. I have a newfound appreciation for leadership since I have taken a course that deals solely with leadership in a working environment.
Effective leadership is needed if a company is to survive today.
Companies that are excelling in the business environment today have leaders that are ready to take them to new areas of productivity. Microsoft and Nike are just a couple of companies that have effective leadership within their corporation. Leaders can take people where they might not otherwise go. People have a tendency to seek strong leaders and follow their actions. If managers can become effective leaders than the company profits by having them in charge of subordinates.