Management And Leadership (PDF)
Added on 2021-02-19
20 Pages7694 Words67 Views
FinanceLeadership ManagementProfessional Development
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MANAGEMENT AND LEADERSHIP
Table of ContentsINTRODUCTION...........................................................................................................................3Leadership styles..........................................................................................................................3Leadership styles in the context of organizational objectives.....................................................6Ethical leadership.........................................................................................................................9CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONManagement is the function of managing all task in an organization such as controlling,directing, planning, organizing, co-ordinations etc. With the help of effective managementprogram, company can achieve their goals and target. Whereas, leadership styles meansproviding appropriate guiding, directing, motivation etc. to an individual (Alonso‐Almeida,Perramon and Bagur‐Femenias, 2017.). It is enhancing individual or team morale towards thegoals and objectives. Various types of leadership styles follow by an organization likedemocratic, autocratic, laissez-faire etc. Southeast Global bank is established in 1999 in Hong Kong. It provides various bankingservices such as online banking, online bill pay, Telephone banking, auto payment services,credit card advances, night deposit facilities, wire transfer, money order etc. This studyconcluded the difference between management and leadership styles and also express about theculture of organization. This study completely based on leadership styles in an organization. Inthis study will discuss the leadership styles which is helping an organization for achieving theirobjectives. Also, will critically examine of leadership style for organization and quality of leaderfor create professional culture, trust, support in an organization. In this study will also criticallyanalyse the organization ethical and value based approach to leadership. Also, examine theimpact of culture and values; legal; regulatory and ethical requirements; and stakeholder needsand expectations on leadership in the organization. Part ASimilarity and difference between the management and leadership Leadership is an srt of leading an other people. Leadership sets the new direction to follow anparticular group as leader leader is commander or head of the group.Management is an basis process that involve an strategic planning, managing properties, settingpurposes & deploying both human assets and financial that require to achieve fixed goal (Shinand et.al., 2015).Similarity between management and leadership are.Roles - Both leadership & management primary concern to allocate the existing resourcesin source that can used efficiently. Where it share ultimate objective wanting is to increase theprofit and try to establish the firm robust an bottom line.
Influence - Both are involve in influencing work environment and structure. Where theheads are suppose to lead by an example. Everyone under leader and management operatesaccording to the spirit. Both leader and management can motivate people to improve theirperformance according to the standard performance (Podsakoff and Podsakoff, 2019).Vision- Both of them are anxious with an goal achievement. As they involve in workingtowards an particular set of vision. Management and leadership mainly focuses on the goal of theorganisation.Working relations- Both are involved in the working relation with people. It alsoincludes being ahead of an people and try to determine the source forward.Differences between the management and leadershipLeaders create an vision and manager create goalLeader creates an image of what they watch as inspire and possible & try to engage theiremployee in turning towards the vision into an reality. Leader always think what an employee doand try to activate the employee to become an part of an something bigger. As leader know theirgreat- functioning group that can be accomplish a many more working together instead ofindividual working autonomously. On the other hand managers are focus on setting, achievingand measuring the goals. As manager control the situation to reach the objective (Bolden, 2016.).Leaders are change agent, manager maintain statusLeaders are an proud disrupters and innovation mantras. They make change and alsoknow that if things working, it could an better source further. And leader understand the fact andaccept the changes to an system that often makes an waves. Where as manger on the other handstick with the works, structure, refining system and process and try to make them more better.Managers just follow the order or guidelines made by the upper level and just follow thestructure (Armstrong, 2016).Leaders unique in nature, manager are copyLeader are self- aware & actively work to build different & try to differentiated inpersonal brand Leaders are comfortable in its own shoes & try to willing stand out. Leaderswilling to themselves and are authentic & transparent in nature. Where as manager on other side
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