Leadership Development Is as Important as Leadership Itself

The famous British banker Nathan Rothschild once noted that great fortunes are made when cannonballs fall in the harbor, not when violins play in the ballroom. Rothschild understood that the more unpredictable the environment, the greater the opportunity—if you have the leadership skills to capitalize on this (Schoemaker, Krupp, and Howland 2013). This opening chapter outlines some of the current issues surrounding leadership development, the status of leadership development, and some of the challenges involved. It also sets the stage for the rest of the book by emphasizing the importance of leadership and leadership development.


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