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In: Finance

What is the difference between Leadership and Management? One paragraph essay answer would be nice.

What is the difference between Leadership and Management? One paragraph essay answer would be nice.

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Expert Solution

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.

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