We know that leadership is very much related to change. As the pace of change accelerates, there is naturally a greater need for effective leadership.

Leaders establish the vision for the future and set the strategy for getting there; they cause change. They motivate and inspire others to go in the right direction and they, along with everyone else, sacrifice to get there.

A leader needs enough understanding to fashion an intelligent strategy.

Great leadership does not mean running away from reality. Sometimes the hard truths might just demoralize the company, but at other times sharing difficulties can inspire people to take action that will make the situation better.

With the furious pace of change in business today, difficulty to manage relationships sabotages more business than anything else - it is not a question of strategy that gets us into trouble, it's a question of emotions.

Because management deals mostly with the status quo and leadership deals mostly with change, in the next century we are going to have to try to become much more skilled at creating leaders.