Question

In: Economics

Explain the relationship between the concept of Leadership and the concept of Management?

Explain the relationship between the concept of Leadership and the concept of Management?

Solutions

Expert Solution

Leadership and management are words that are sometimes considered to be interchangeable. It is important to recognize that leadership is an integral part of successful governance. As a core component of management, exceptional leadership behavior emphasizes the development of an atmosphere in which each and every employee learns and excels. Leadership is described as the ability to control and push the actions of the community towards the achievement of the objectives. Such power may derive from institutional sources, such as that given by the assumption of a managerial role within an organization.

The manager must have the attributes of a leader, i.e. he must have the qualities of leadership. Leaders create and implement strategies that build and sustain a competitive advantage. Organizations require robust leadership and robust management to ensure optimum operational performance.

Management, by its very nature, is difficult, accurate, thorough and requires precise and typically coordinated acts. Leadership, on the other hand , requires a much wider meaning and entails collaboration, goal-setting, vision-sharing, motivation and an intrinsic lack of criticality at all moment. Good governance includes aspects of good governance and good governance includes aspects of good governance. Any leader who is devoid of management skills and a manager who lacks any leadership ability would fail. In my point of view, management is a science that can be taught. Leadership is, however, an art.

While some of the skills required to be a great leader can be gained over time, much of what makes good leaders great is inborn or, at the very least, developed much earlier in life A successful organization can not survive without both strong leadership and great leadership. Over time, an company would need to increase its team of managers to keep up with the increasing number of deliverables. Nonetheless, the leadership team will develop at a much slower pace, or maybe not at all. Too many politicians, like too many cooks, are going to make things very bad.


Related Solutions

1. What is the relationship between leadership and management? i. What role does leadership play in...
1. What is the relationship between leadership and management? i. What role does leadership play in project management? ii. What does a leader do? iii. Describe the five practices for exemplary leadership
Explain the concept of just-in-time inventory management and its relationship to the lean production concept.
Explain the concept of just-in-time inventory management and its relationship to the lean production concept.
What is the relationship between CSR, innovation and leadership? Please, explain? How can leadership invigorate and...
What is the relationship between CSR, innovation and leadership? Please, explain? How can leadership invigorate and improve passionate intrapreneurs promoting innovation and change, and CSR? Two scholarly references are required.
The difference between management and leadership.
The difference between management and leadership.
Explain the relationship between the life cycle concept and dividend policy
Explain the relationship between the life cycle concept and dividend policy
subject : Leading your work team Q1.Explain the difference between leadership and management Q2.Explain why leadership...
subject : Leading your work team Q1.Explain the difference between leadership and management Q2.Explain why leadership is important within own team Q3.Describe a range of different leadership styles Q4.Identify the most commonly used leadership style(s) within an organisation Q5.Explain the likely effect this leadership style(s) has on a team’s performance Q6. Identify own leadership style and its potential impact on a team
What is the Relationship between Leadership and Organizational Culture?
What is the Relationship between Leadership and Organizational Culture?
a) Explain the relationship between unemployment and inflation using the concept of Philips curve. What are...
a) Explain the relationship between unemployment and inflation using the concept of Philips curve. What are the critics on Philips Curve? b) Use the Phillips Curve to explain policy responses to a supply shock caused by increase in the world price of oil c) Discuss Walras's Law statement that the sum of the nominal excess demands for all goods in the economy must be zero.
1. Explain the differences between management and leadership. 4. Discuss the strategic objective of a SWOT...
1. Explain the differences between management and leadership. 4. Discuss the strategic objective of a SWOT analysis? Business enterprise Please provide 100 word for each question.
explain the concept of debt management
explain the concept of debt management
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT