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Managers and Leaders • HBR C LASSIC limited options. He could then authorize the car division’s general manager, with whom he basically agreed, to move quickly in designing water-cooled cars for the immediate market demand. Years later, Sloan wrote, evidently with tongue in cheek, “The copper-cooled car never came up again in a big way. It just died out; I don’t know why.”5 To get people to accept solutions to problems, managers continually need to coordinate and balance opposing views. Interestingly enough, this type of work has much in common with what diplomats and mediators do, with Henry Kissinger apparently an outstanding practitioner. Managers aim to shift balances of power toward solutions acceptable as compromises among conflicting values. Leaders work in the opposite direction. Where managers act to limit choices, leaders develop fresh approaches to long-standing problems and open issues to new options. To be effective, leaders must project their ideas onto images that excite people and only then develop choices that give those images substance. John F. Kennedy’s brief presidency shows both the strengths and weaknesses connected with the excitement leaders generate in their work. In his inaugural address he said, “Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe, in order to assure the survival and the success of liberty.” This much-quoted statement forced people to react beyond immediate concerns and to identify with Kennedy and with important shared ideals. On closer scrutiny, however, the statement is absurd because it promises a position, which, if adopted, as in the Vietnam War, could produce disastrous results. Yet unless ex- Retrospective Commentary It was not so long ago that Bert Lance, President Jimmy Carter’s budget director and confidant, declared, “If it ain’t broke, don’t fix it.” This piece of advice fits with how managers think. Leaders understand a different truth: “When it ain’t broke may be the only time you can fix it.” In the splendid discipline of the marketplace, past formulas for success today contain the seeds of decay. The U.S. automobile industry has been cited so often as the prime example of the suicidal effect of continuing to do what one has been doing in the wake of success that its story borders on the banal. But it’s true. Top executives in the automobile industry, along with managers in many other industries in the United States, have failed to understand the misleading lessons of success, revealing the chronic fault of the managerial mystique. As a consequence of placing such reliance on the practical measure of continuing to do today and tomorrow what had proven successful yesterday, we face the chilling fact that the United States’s largest export during the last decade or more has been jobs. We live with the grim reality that the storehouse of expertise called know-how has diminished. Perhaps most dismal of all, our children and harvard business review • march–april 1992 our children’s children may not be able to enjoy the same standard of living we worked so hard to achieve, let alone enjoy a higher standard of living as a legacy of the generations. When “Managers and Leaders: Are They Different?” first appeared in HBR, practicing managers and academics, including many of my colleagues at the Harvard Business School, thought I had taken leave of my senses. Don’t ordinary people in an organization with superior structure and process outperform superior people operating in an ordinary organization? To those indoctrinated in the “managerial mystique,” talent is ephemeral while organization structure and process are real. The possibility that it takes talent to make a company hum counts for less than acting on those variables managers feel they understand and can control. Talent is critical to continued success in the marketplace. Yet most organizations today persist in perpetuating the development of managers over leaders. Fortunately, however, there may be an awakening. The chairman of IBM, John Akers, startled the business community with his announcement that IBM intended to abandon its long-held course of running its business as one large corporation. Akers intends to break IBM up into a number of corporations. And while “Big Blue” will continue to be big by most standards, the businesses will run under a leadership and not a managerial mentality. The corporation will no longer rest on the false comforts of economy of scale. Nor will executives be preoccupied with coordination and control, with decentralized operations and centralized financial controls. Process will take a backseat to substance, and the power will flow to executives who are creative and, above all, aggressive. If other large companies follow this lead, corporate America may recharge, and its ability to compete may rebound. But if left to professional management, U.S. corporations will continue to stagnate. Since “Managers and Leaders: Are They Different?” was first published, strategy has catapulted itself into the number one position on the managerial hit parade. No aspect of corporate life is indifferent to strategy. Every problem leads to strategic solutions, ranging from how to position products to how to compensate executives. We have a plethora of marketing strategies, employee benefit strategies, and executive development strategies. Strategy, it seems, has repage 5