An old adage about managers vs. leaders says that "managers do things right and leaders do the right thing." So, leadership is about doing the right thing - and it should always be about that. There should never be any exceptions to that rule, because that is when leaders fail.
A good example occurs often in politics. An elected leader knows what is the right thing to do, but wavers from that path because taking the right course may alienate some voters and hurt the politician's chances for reelection. You can't lead effectively if your actions are motivated by staying in power, rather than taking the right actions.
Since the recent financial meltdown, we are seeing many leaders failing to lead. Rather than doing the right thing, they are doing the "financially prudent" thing (or the "cheap thing") - putting costs ahead of strategic leadership. I hear it all the time: "We simply can't afford to take any risks in this financial climate. When things get better, we will move forward." Although finances need to be taken into account, to completely change the focus of the leadership - to make it all about the money - is a path to failure.













