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Word Count: 795
We live in an era of economic challenges It is an age of increasingly scarce resources and world markets Enterprises face increasingly fierce competition not only from down the street but from enterprises halfway around the world that have access to cheaper labour less expensive materials or better technology In the 1950s and 1960s Americans made about one-quarter of all the manufactured goods in the world market Stokes pp 5-6 Then the Americans competitive edge started to slip Foreign producers now challenge entire product areas that used to be dominated by American Industry Their trade and domestics deficits are now enormous Stokes pp24-26To solve this problem to improve and restore the competitive edge of small business client base I recommend teaching leadership as well as managementWe need to move beyond the simplistic and boring everyday management skills commonly taught in core courses in business schools Important as these skills are we need to redirect our focus towards the essential ingredient required to put these skills to work leadership As Warren Bennis and Burt Nanus have expressed it The problem with many organizationsis that they tend to be overmanaged and underled There is a profound difference between management and leadership and both are important To manage means to bring about to accomplish to have charge or responsibility for to conduct Leading is influencing guiding in direction course action opinion Other characteristics include motivating and inspiring individuals providing direction and vision earning the respect of others turning talent and efforts into results and being an excellent communicator and listener The distinction is crucial Managers are people who do things right and leaders are people that do the right thing Bennis cover The difference may be summarized as activities of vision and judgement effectiveness versus activities of management routines efficiency Bennis p 21Do students need leadership education There is a considerable body of evidence that suggests that they doFirst it is clear that something is not working Small
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