In XX century we used to say that some perfect entrepreneur should mix and combine leadership and management skills to be 100% successful...is it still true on XXI century with our global challenge?
Even more so in a global economy. Both skill-sets are required in varying percentages, depending on what's going on in the business. Effective leadership is about inspiring and instilling confidence and "followership" in your staff, and demonstrating strength of character, conviction, and stability to customers. "Managing" is the set of skills needed to competently run the business. You have to have both, in good measure, to succeed.
Answered 10 years ago
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