What are the similarities and differences between leadership and management?
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
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This assignment aims at assessing the similarities and differences between leadership and management.
Management through its major functions such as organizing, planning, staffing, and controlling is the process through which an organization sets and achieves its organizational goals. Simply put, management is the way in which companies organize and control workflow, operations, and employees so as to achieve organizational goals. Leadership on the other hand refers to one’s ability to influence and guide individuals. Organizational leadership is one of the most important components of any successful business in a rapidly changing environment. Therefore for any organization to derive effective success, there must be efficient communication and leadership to enable it to achieve its aims and objectives.
The expressions manager and leader most times describe the same person who leads or guides, but these two signify unique dashes of realism which arise from the ways in which people around them conceive the concept. A manager and a leader are two different things. That is to say, management is a career whereas leadership is a universal calling. A leader is naturally followed whereas a manager is obeyed. A manager may have attained his position through time and loyalty from his services given to a company, away from his leadership qualities. A leader on the other hand lacks organizational skills but his vision causes people to follow him.
Management and leadership are two different concepts though most times are used mutually. One of the key constituents of change is Leadership which delivers the vision and commitment essential for its accomplishment. It’s an ability shaped through education, experiences, intermingling with other individuals as well as practice. Effective leadership is mainly contingent upon leaders’ definition of their vision and how they follow and pass it on to followers. Leadership is simply one of the many elements of directing. In order to be effective, therefore, a manager must not only be a leader but also require official authority.
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What are the similarities and differences between leadership and management?
a Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Understand the meaning of leadership and management and the relationship that exists between the two
- Understand the similarities and differences between leadership and management
- Apply these two concepts to real life organizations
1.0 INTRODUCTION
This assignment is going to assess the similarities and differences between leadership and management. Major questions looked at are; what are the similarities between leadership and management and what is the difference between management and leadership? What is the relationship between the two? Among others.
Leadership is defined as a process of leading an organization or a group of people toward achieving a common objective. The leadership of an organization is the ability of the management to safeguard the company’s welfare by realizing its employee’s wants and the company’s targets by providing a safe working environment so that they can both achieve their goals and objectives. Organizational leadership is the most fundamental part of any company's strategy since it describes and clearly explains its vision and the goals it is intending to achieve. According to Armstrong (2009), “Management is concerned with the effective use of all resources, including people. While leadership concentrates on getting the best out of people to do their best to achieve a desired result. It involves developing and communicating a vision for the future, motivating people, and gaining their engagement.”
Management in an organization is the organization and administration of responsibilities so as to achieve a set goal. It involves structuring, planning, organizing, and directing resources and processes within an organization to achieve its goals. These goals may vary depending on the organization and may include financial, marketing, or operational objectives. Organizational management may also require establishing authority, clarifying job roles, and outlining growth opportunities. According to Armstrong (2009), Management is all about the effective use of resources. The role of management in an organization is to ensure that all employees are working towards the same goal. Managers are responsible for setting the organization’s strategy and coordinating the efforts of staff to accomplish these objectives through the application of available resources. They also motivate staff members and departments to stay on task.
Leadership and management are two distinct notions that are sometimes used reciprocally. Whereas there is some connection between these two concepts, they entirely focus on different things. Leadership is mainly about creating and communicating a vision, inspiring and persuading followers, and building relationships and teamwork while Leadership authority comes from the followers who trust and respect the leader. In summary, leadership sets a direction for an organization while management executes that direction.
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