Nitin Nohria: The Responsibility of Leadership

Effective leaders must exercise both leadership skills and management skills to create real change in any organization, according to Harvard Business School Dean Nitin Nohria, who spoke at a recent Talks at GS session moderated by Goldman Sachs CEO Lloyd Blankfein. "We underestimate the importance of management," he said. "[You need] a general management perspective, which is to really know what it means to assemble all of the parts.. but then you must have leadership, you must know how to inspire people, you must have a sense of the future." He also emphasized the important role the business community plays to generate prosperity and break the global cycle of poverty. "The single most important form of dignity that you can give a human being is for them to feel economically self-reliant," he said. "There is only one way to do that, and that is business."