Influencial Management and Leadership in Today's Competitive Economy

Influencial Management and Leadership in Today's Competitive Economy

  • Submitted By: capron
  • Date Submitted: 07/18/2009 8:03 AM
  • Category: Business
  • Words: 1324
  • Page: 6
  • Views: 1008

In today’s world economy, companies come and go every single day. It takes good strong leadership and management to guide an organization to success. While many people consider management and leadership to be synonymous, they are in reality two different concepts. A person can be a good leader but if he does not know how to manage a company that company will be destined to fail. In addition, if a person has good management skills but lacks in leadership no matter how good he is if he cannot lead his employees towards the goal then it is a failed attempt at success. Management is considered a job description whereas leadership is considered a trait. This paper will differentiate between management and leadership, also how leaders create and maintain a healthy organizational culture.
Management is “the process of working with people and resources to accomplish organizational goals” (Bateman-Snell, 2007). Management is a theory and a way of doing business. Management is a process that is exercised in order for an organization to be successful. This process is usually broken down into four established functions: planning, organizing, leading, and controlling (Bateman-Snell, 2007). The people within an organization that practice management are called managers.
Managers are “principally administrators—they write business plans, set budgets and monitor progress” (Maccoby, 2000, para 1). Other tasks handled by managers are problem-solving and facilitating meetings. Managers usually achieve their position through experience and understanding. A manager obtains authority through time and loyalty. A manager knows how the organization works and possesses a good technical knowledge. People follow a manager because as employees, they are forced to, but preferably, a manager is also a leader that people want to follow.
Leadership is “one of the many assets a successful manager must possess” (Bateman & Snell, 2007). While management can be considered a...

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