Leadership

2. Leadership from the Top

The managing director has a wider leadership role, which includes leading other leaders.

As a managing director, you have four special responsibilities.

2.1 Create the vision, based on an understanding of strategic shifts and opportunities.

• The vision need not be something you can methodically plan your way towards.
• It must be worth the effort or it will not attract people and provide motivation.
• The end point must be able to be measured or verified.

2.2 Form the team and a structure that helps you achieve your goals.

2.3 Decide key business and personnel policies.

2.4 Manage rewards and discipline.

• Use a range of incentives - besides cash - to stimulate effort, ideas or whatever the business specifically needs.