A lack of leadership is what ails most firms. For every Jack Welsh, Warren Buffet and Bill Gates, there are thousands of non-leaders at the helm of their firms. Because most senior executives are managers, not leaders. Leaders expect and get the most out of their team. They understand that reward is the product of taking risk.
Leaders have vision and live that vision.
Managers want to work with second-rate people. So they can supervise them. Managers are caretakers. They believe that failure is the product of taking risk. Managers can t see beyond the next quarter s financial results.