The document discusses the importance of leadership in organizations. It states that strong leadership development programs are correlated with companies ranking highly on lists of most admired companies. It also notes that while some employees are high performers currently, many lack the skills needed to excel at higher levels, and that leadership is important for developing employees. The document contrasts transactional management with transformational leadership, noting that management focuses on predictability while leadership drives change. It emphasizes that both management and leadership are needed and that transformational leaders communicate a shared vision, motivate employees, and help them cope with change.