Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.


Term of the day


The concept of followership first appeared relatively recently and silently in the leadership literature. We always focus on leaders, their competencies, their characteristics and their profile, but very seldom do we focus on followers. Followership is the ability to follow others.

Followership is not an obvious characteristic at all. It means accepting that another person has valuable abilities in a specific domain that prompt others to follow them. It requires accepting “difference” and...