Leadership and management are both two critical pillars of business and one is incomplete without the other. Leadership is the ability to make people follow a vision and management is the ability to get things done. There are a lot of overlapping roles of managers and leaders in an organization but at its core, they are vastly different aspects of a business. The following are some of the details about the differences between leadership and management to help understand the core responsibilities of both roles in business:
The role of the leaders is to lead the organization towards change and expansion whereas the role of the management is to provide stability and manage the day to day affairs of the business. The role of a leader is to set targets and lead the direction of the business whereas the role of managers is to plan and look after the details of the project. The role of the leaders is to innovate and take initiatives in the business. The role of management is mainly administration and based on achieving targets and short term results for the business. As Chairman of Augusta Group, Richard Warke recognizes the impact of team work. Leading to improvement always sounds much more efficient, which is a great requirement from a leader and its team. Richard Warke is a Vancouver-based Canadian business executive with more than 35 years of experience in the international resource sector.
The leaders in the business look at the long term strategies and vision of the business and taking care of the broader view about where the business is likely to be in years and decades. The vision of managers is more short term and more to do with completing projects on time cost-cutting and taking care of the employees and daily activities of the business.
The responsibilities of the business leaders are expansion, getting new deals, mentoring the staff, and also providing direction to the business. Leaders help influence the direction of the business, motivate the employees, keep control of the business, and inspire loyalty and a work ethic in their business. The main responsibilities of the management in business are to handle the productivity in the business and manage staff, projects, inventory, and other day to day details in the business. Planning, organizing, staffing, controlling, and coordinating are all the responsibilities of management while taking major decisions, measuring results, and improving the critical process in the business are the main responsibilities of leaders.
Rules, Risks, and Focus:
The leaders generally are concerned about expansion, innovation, and breaking the rules of the game to succeed, while management makes the rules of the business. The role of the leader is to take calculated risks to further the business objectives, while the management role is to minimize the risks in business to get the results needed for the business. The focus of the leadership in any business is to lead by example, to diversify business and to take proactive actions in business. Taking care of the day to day process, administration, staffing, and project details and targets are the focus of the management in most businesses.
Leadership and management are both important for most businesses to succeed in the long run. As mentioned above, leadership and management have a vastly different role from each other and it is important to know the individual roles of management and leadership to work in both roles effectively.