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What is Organizational Leadership?
Delaware is one of the smallest states in the US. Its mid-Atlantic location, however, does it great favors when it comes to economic growth and development. Its laws, especially regarding taxation, also help make Delaware a very important player on the national stage. In fact, many businesses rely on Delaware for their success.
Chief among those businesses are those in the finance and insurance sector. That industry is Delaware's top economic driver and is the 22nd largest in the nation. Given that most of Delaware's industries trail behind most larger states, it's clear that Delaware is a key player when it comes to financial matters. Most readers will note that their credit cards are based in Delaware, as are many of their favorite corporations.
Coming in at the #2 spot is Delaware's real estate sector which is 41st nationally. The remaining industries in Delaware's top five are professional and business services, social services including healthcare, and manufacturing. Delaware is also building strength in the travel and tourism areas, as their oceanfront is attracting attention. The state is showing strong growth in the commercial fishing sector, which may, in turn, be contributing to Delaware's manufacturing industry.
One thing shared among all of these industries is a need for leadership. This approach to corporate guidance is becoming more important and provides a way for even smaller companies to compete against larger firms. It differs from traditional management in meaningful ways and so requires special courses to master.
An organizational leader is a business professional who seeks to lead their organization as a whole entity. Leaders look at the bigger picture of their firm or department more than at the individuals who are involved. They are more concerned with leadership itself than any specific task or business function. One analogy might be that an organizational leader is the conductor, while management is composed of musicians. These leaders keep a constant eye on the larger, macroeconomic picture and then ensure that their firm is rising to meet any challenges. They may work with managers to ensure that the prevailing corporate vision is supported.
Where managers are directly concerned with the day-to-day tasks of their departments or branches, the organizational leader is looking out to the wider economy. Organizational leaders must understand the capabilities and limitations of their teams and how each can help support the firm's short and long-term objectives.
Organizational leaders can thus have a career path that includes many different industries and types of business. They are masters of leadership rather than operations or marketing. However, they are sure to have a strong working knowledge of both.