7min chapter

Odd Lots cover image

Here's What It Takes to Make a Great Company

Odd Lots

CHAPTER

Navigating Management vs. Leadership

This chapter explores the crucial differences between management and leadership in businesses, highlighting how effective management stabilizes companies while visionary leadership fosters innovation. It discusses the tension between bureaucracy and organizational culture, using examples from tech companies and the unique methods of Forrest Mars at Mars Company. The chapter emphasizes the impact of innovative compensation strategies and the importance of thorough research in understanding the inner workings of privately held enterprises.

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