Leadership Matters: Proven benefits of structured management

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first_imgOne of the most underappreciated traits of the best leaders is surprising: They also tend to be great managers.“Management” is typically seen as a lower form of leadership. But in my estimation, it’s just as important. While leadership is about influencing what you can’t control (how inspired and engaged your employees are, how invested they are in the credit union’s vision), management is all about managing what you can control (who to hire, what targets to aim for, how to allocate resources, and how to adjust when problems or opportunities arise).Both sides of that coin are vital, no matter where in the corporate hierarchy you stand.A new study from the National Bureau of Economic Research supports the idea that successful executives exhibit effective management and foster it throughout their organizations. Analyzing U.S. Census Bureau data from 32,000 manufacturing firms, researchers from Stanford, MIT, and elsewhere found a strong correlation between “structured management practices” and a firm’s growth, profitability, workforce productivity and innovation. 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img

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