In: Finance
Difference between Leadership and Management
Leaderahip | Management |
1) Leaderahip develop the changes and gives direction to any movement | 1) Management develops the consistency and systematic order and procedures |
2) Leadership create vision, Set goals and mission and idealise the future approach. | 2) Management plan and budget the financial items. It sets the agenda and allocate the reaources for its effective utilisation |
3) Leadership build team and alliances, Communicate the targets and vision and divide them in smaller target. Leadership commit the mission | Management provide proper work structure which reduces duplication and sets rules and provide jobs offers |
4) Leadership Motivates the subordinates, inspires them, Energize them and also satisfies the needs of subordinates | 4) Management approach is a type of management consulting which solve the complex managerial problems, Take corrective actions and create solutions |
5) Leaders have people who follow them i.e. leaders | 2) Management has people who work for them i.e. Managers. |