When managing isn't enough: Nine ways to develop the leaders you need

In recent years, competition has grown increasingly keener in nearly every industry. Managerial tenures are ever shorter. With cuts in middle management, bench strength is weaker. The economic downturn has narrowed most companies' margin of error. Against this backdrop, an organization's capacity for identifying and nurturing genuine leaders can make all the difference between success and failure. Those who have studied creative decision-makers tend to agree that leaders have several qualities in common. They know how to rally people together, to motivate, to execute strategic decisions, to inspire trust. They are the antithesis of the term manager and all of its command-and-control connotations. Nine ways that companies can strike the right balance in identifying leaders and developing key people into leaders are presented.