Leadership and Management in Today's Business Essay

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Introduction A significant and controversial question is how management is different from leadership. Some view the two as essentially the same; however, in increasingly complex and dynamic businesses, a need for greater specialization requires that we recognize that they are different. Managers and leaders are essentially two different functions and they serve two different purposes within organizations. Leaders promote new directions while management implements existing processes as efficiently as possible (McCrimmon, 2007). Managers and leaders are both essential in organizations and must be separate components that work together. Leaders do not need to know how to manage, but managers need to know how to lead. This analysis will…show more content…
Management is concerned with immediate problems at hand, focus on what needs to get done, and utilize resources and people to ensure organizations run efficiently. It helps organizations produce products and services consistently and within a given budget (Kotter, 2013). Management roles are essential within organizations because they perform tasks that help organizations become reliable, consistent, and efficient (Kotter, 2013). Some scholars identify leading and managing as mutually exclusive roles requiring different values and traits in order to be executed successfully (Yukl & Lepsinger, 2005). One of the earliest concepts of leadership, known as trait approach, included the idea that leaders were individuals who were innately different from the rest of the population, and possessed unique leadership traits (Daft, 2011, p. 19). Traits frequently associated with effective leadership include optimism, self-confidence, honesty, and drive (Daft, 2011). However, there have been inconsistencies among research regarding specific leadership traits that are common among all leaders in all situations (Stogdill, 1974). Scholars who support this notion argue that “managers value stability, control, and efficiency, whereas leaders value flexibility, innovation, and adaptation” (Yukl & Lepsinger, 2005, p. 361). Additionally, leaders are argued to have the ability to tolerate chaos and lack of structure, whereas managers seek order and control (Zaleznik, 1992).
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