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Leading light

There is a difference between management and leadership, and collaboration is key to realising a corporate vision, says Geraint Jones

25 July 2013

One essential and least-understood ingredient to building a successful business from scratch is leadership.
Leaders attract followers. They do not exert power but have reciprocal relationships with these followers and influence team behaviour. Individuals tend to prefer working in teams with a clear leader rather than without one.

But leadership is not management, in my view. Leaders set a vision for the business that team members readily follow. Management directs people and controls resources to facilitate the objectives set by the leadership. Managers can maintain a status quo whereas leaders facilitate change and are therefore essential to building or saving a business.

Today’s corporate wisdom suggests the most effective business leaders tend to have very strong qualities in one area rather than...

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