In an article in The Economist, there was some great insights about leadership from management guru Warren Bennis.  His fundamental tenet is that leaders are made, not born. Bennis lists four competencies that leaders need to develop:

• forming a vision which provides people with a bridge to the future
• giving meaning to that vision through communication
• building trust, “the lubrication that makes it possible for organisations to work”
• searching for self-knowledge and self-regard

My take: There’s a big difference between managing and leading. Unfortunately, too many executives don’t understand the difference and don’t work hard enough on building these leadership skills.

The bottom line: You can manage dozens of people, but you can lead millions.

This blog post was originally published by Temkin Group prior to its acquisition by Qualtrics in October 2018.