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Guest post by Miles Jakeman When economic conditions are challenging, people feel the pressures of work and they fear about job security. These worries and fears present a major challenge for leaders who want to keep their teams on target. Controlling costs and conserving resources is important for survival in an economic downturn, but it is also just as important to have leaders who:
Last week, we looked at the difference between a manager and a leader. The two are very different although both are important.
Letting go of age stereotypes and learning from each other's strengths can create a better working environment for younger managers and their older employees.
Silviu Itescu risked his last dollar on launching Mesoblast. Today, his $1.8 billion stem cell research company is a world leader in its field. By Tom Skotnicki
Managers can help foster creativity by encouraging intrapreneurs. By Leon Gettler
Companies everywhere are looking to become more innovative and entrepreneurial. Many have turned to intrapreneurship, getting employees to act like entrepreneurs within the larger organisation which sees them devoting time to specific projects.
Intrapreneurship is all about entrepreneurship within a corporation. This also creates greater staff engagement.
Peter Drucker, the most famous management thinker summed up the difference between managers and leaders perfectly.
It costs companies thousands of dollars when employees quit. There are recruiting expenses and time is spent training people and making sure they’re up to speed
