<DIV><P><I>Entrepreneurs, Managers and Leaders</I> examines the role that business leaders play in shaping industries and how the evolving context of industries shapes leaders in turn.  This co-evolutionary process of leadership and industry development is told through the story of the American airline industry across the 20th century.  <I>Entrepreneurs</I>, who explored a variety of different airline concepts in search of a viable business model, dominate the industry's early history.  As the industry evolved, a new breed of <I>managers</I> emerged who built a dominant business model that enabled their companies to grow dramatically.  Later, after the industry matured, <I>leaders</I> took center-stage as agents of change to rebuild and revitalize the industry. </P><P>The lessons to be drawn from the experience of the airlines and their executives will be of interest to business leaders in industries across a wide spectrum. Despite the indelible mark that many individuals have made on their industry, writers on industry evolution-concerning the airlines or any other industry-have rarely factored in <I>leadership</I> as a way of explaining or understanding that evolution. <I>Entrepreneurs, Managers and Leaders</I> seeks to paint a fuller picture of the interdependent relationship between the actions of leaders, the context of their times, and the evolution of an industry.</P></DIV>