Today Soaking in Samsara has a terrific post on being a "leader". After reading through her post, I could not agree more, especially with #2
"Once you have hired those great people, for goodness sake, let them do their jobs"
Finding great people is hard, very hard, but once you do let them be great. All too often I have seen managers try to get their employees to replicate their actions and ideas. I've always found that if you can set a clear vision and help construct a path great people will surprise you in execution. Yes there will be times when you need to nudge here and give constructive feedback, but there will also be times when you're blown away and learn quite a bit yourself.
In the end everyone wants a bit of self-realization, great people typically demand it, it's in everyone’s best interest to facilitate it...
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