Management and Leadership
Management and leadership are two of the most crucial aspects in an organization and are considered to be the most provocative topics of the studies related to business. The form of the philosophy which has been growing in the subject reveals the changes which directly relates to management theory and can be refined into a framework which represents the development of the concepts of what creates a good management and leader, and by deputation one of these can define using the theory which states the key skills which are needed to create good leaders. As of today we all are aware that managers in organization are initially admins, who are trained to write business plans, use their resources and trace progress.
It is of crucial importance to learn that people working around the world in different companies are not limited to the job title, which means they are free to make the best use of management skills in any position they are operating in. It should also be noted that working in any country’s based organization requires employees to exercise their management and leadership skills in a balanced way to make sure the success and betterment of the company along with the success of the employees. Leaders are those individuals who have an impact on those who surround them. Leadership is a quality and also defined as a capability of corporation’s management to make severe assessments and decisions that motivate other people working in the corporation to perform well. Well-organized and effective leaders are capable to set and achieve critical goals, to take a fast and decisive action even in the most perplexing conditions, to beat their opposition, to take assessed and clear risks and to persevere in the face of failure. Features of a good leader contain the ability to run and manage others, good communication skills, preparedness to take control of change, self-confidence etc. However, there are cases when leadership is often ignored by the potential investors of an organization.
Management on the other hand in business and organizations is the art that coordinates the hard-work of employees to achieve the desired goals and objectives by making the best use of the available resources effectively and efficiently. Management includes planning, controlling, organizing and leading or directing a corporation to achieve the goal. Corporations around the globe are run and managed in a way to balance both management and leadership as these are of significant importance. Managers are responsible for operational superiority, at their best and offer against expectations. There is a range of business and managerial skills important to a good leader, including:
- Entrepreneurship: the ability to spot business opportunities and mobilize resources to capitalize on them.
- Interpersonal skills: just like marketing, rapport creating, impacting, discussing, struggle, quality, hearing, guidance, training and interacting assertively.
- Managers do have routine duties to perform, especially of a ceremonial nature or related to authority – contrary to the myth that all routine work is done by juniors.
- Managers prefer verbal and informal information to the formal output of management information systems. Verbal information is ‘hotter’ and probably easier to grasp.
All managers have in common the overall aim of getting things done, delegating to other people rather than doing everything themselves. Management can be defined as ‘the effective use and co-ordination of resources such as capital, plant, materials and labor to achieve defined objectives with maximum efficiency. According to Assignment help, the project manager is a person consigned to manage a definite project and is anticipated to meet the standardized objectives of a project, including project scope, budget and schedule.