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There is still a propensity to use the word manager verses leader which can have a significant different intend and meaning. Managers tend to govern over process, data, projects and products while leaders tend to utilize human capital to navigate these same areas and participate as part of the process.
I can’t imagine, recalling my days at Rio Tinto, the managers of a copper mine measuring and proudly reporting how much dirt was moved, how deep the hole was, and how many trucks they had procured – while staying mum about how much copper was produced. To a business person, think how absurd this would seem.
Financial capital is assumed to be virtually unlimited, while certain types of human capital are in short supply. Business students have traditionally considered net presentvalue, payback period, and hurdle rates as necessary tools to determine which project to select. Risk is now considered a feature, not a bug.
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