What is Leadership?
Source: Accounting Today
This article is by Troy Waugh, CPA, MBA, who’s CEO of Five Star3 LLC and the Rainmaker Academy in Nashville, Tennessee.
Accounting firms are sometimes managed well but not led well. What is the difference between management and leadership?
| Management deals with | Leadership deals with |
| Efficiency | Effectiveness |
| Doing things right | Doing the right things |
| Timing | Direction |
Great leaders focus on:
- Setting examples—Great leaders develop themselves. People follow them because of what they are and what they do.
- Strategy—Great leaders develop strategies based on values and missions. They not only plan, but also carry out their plans.
- Staff—Staff will follow someone they respect, and trust.
- Systems—Great leaders demand effective systems for recruiting, retention, marketing, financial reporting, decision-making, performing engagements, and workflow.
- Synchronization—Great leaders make sure that people, systems, and strategies are in synch with each other.
From Accounting Today, September 24, 2007, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809. For the complete article click here, then select the article It’s More Than Just Managing!