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Notes On Leadership And Management

Decent Essays

Leadership versus Management
1. Define Management.
Management is the organizational process that includes strategic planning, setting; objectives, managing resources, deploying the human and financial assets needed to achieve objectives, and measuring results. Management also includes recording and storing facts and information for later use or for others within the organization.
Management is the process of reaching organizational goals by working with and through people and other organizational resources.
There are three main characteristics that management focus on: It is a process or series of continuing and related activities, involving and concentrating on reaching organizational goals, and reaching the goals by working with and through people and other organizational resources.

2. Define Leadership. Leadership is the ability of an individual or a group of individuals to influence and guide followers or other members of an organization. Leadership involves making sound (and sometimes difficult) decisions, creating and articulating a clear vision, establishing achievable goals and providing followers with the knowledge and tools necessary to achieve these goals. Leadership is the ability of a company 's management to make sound decisions and inspire others to perform well. Effective leaders are able to set and achieve challenging goals, to take swift and decisive action even in difficult situations, to outperform their competition, to take calculated risks and to

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