Leadership and Management in Business: A Comprehensive Analysis

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LEADERSHIP AND MANAGEMENT
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Table of Contents
Introduction......................................................................................................................................3
Main Body.......................................................................................................................................4
What is involved in being a successful leader?...............................................................................4
Can good leadership be developed, and if so, how?........................................................................7
What distinguishes leadership from management?.........................................................................7
What have you learned about leadership from your own experiences, on this course and
elsewhere?......................................................................................................................................10
Conclusion.....................................................................................................................................12
References......................................................................................................................................13
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Introduction
Leadership and management are beneficial practices for any kind of business organisation that
aid to attain high growth and success in a tough competitive business environment. It is very
much important for the organisation to give high attention to leaders because they help to operate
business activities smoothly and also beat the high competition. In the company leadership is one
of most critical as well as the influential element that give the high contribution to the success. A
good leader can easily influence and shift mind of employees by understanding objectives,
mission statement, goals and action plans of the business organization. This assignment is based
on leadership and management in which different concept will be covered in the context of same.
In this assignment, several points will be examined that are involved in being a successful leader.
This assignment will discuss how good leadership will be developed that assist to attain desired
outcomes. There are various points that make leadership different from management that will be
examined in this assignment. In the end, the personal reflection will be covered that help to
understand important concept of leadership that I have learned throughout this course.
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Leadership is a process through which a business organisation can easily guides, influence and
directs the work of other people in the workplace to achieve specific goals and objectives. It is
influencing position and power which is held by a person in a particular group that provide
opportunities to regulate, control, shape and change the performance, behaviours, and attitudes of
his group members for attaining desired set of goals and objectives (Renz, 2016). It is the major
responsibility of the leader to direct and influence people towards a certain target. Both
leadership, as well as management, is the most important assets of any business organisation that
give a huge contribution to the growth and success of the company. It is highly important for a
higher authority to hire a good leader for a company can motivate and influence employees for
longevity in the organisation. Good leaders need to adopt different skills, abilities, and
knowledge in the Oder to become successful leaders in the tough competitive marketplace. Being
a leader is greater responsibility and power to influence, control, and guide and influences other
people towards a similar direction to accomplish the desired set of goals and objectives (Renz,
2016). It is highly important for the leadership and management to develop a unique idea,
planning, and strategies to run business activities and operation in a smooth way. In today’s
tough competitive marketplace it is a very difficult and challenging situation for a company to
survive for a long time but with the help of great leadership and management, any organisation
can attain set goals as well as objectives in specific time.
What is involved in being a successful leader?
For being a successful leader it is necessary for the person to have certain qualities, skills, and
knowledge. In today's competitive business environment, leadership skills play a very important
role for both professional as well as personal development. A successful leader has the ability to
influence and guide the huge number of people at the same time towards the same direction for
accomplishing desired outcomes (Vaccaro, et. al., 2012). The successful leader is very much
important for an organization to run business activities smoothly and to beat tough competition
level. Many believe that communication skill, innovation, lead people and influencing skills are
the most necessary for being successful in today’s modern time. Leadership and management are
the most important assets of an organization that assist to manage and control center business
function and activities. It is the major responsibility of leadership and management to
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communicate the organisation's vision, goals, objectives, and target employees and also influence
them to achieve best outcomes (Vaccaro, et. al., 2012). Basically, leadership is a unique role and
responsibility for people. People follow successful footprints to achieve success and growth in
the tough marketplace. Successful leaders are followed by a huge number of people, employees,
and subordinates because they have gained respect and trust. There are so many abilities, skill,
qualities, knowledge, and information is required by the person for being a successful leader.
Some of these qualities are examined as below:
Motivation and influencing skill: For being the successful leader it is highly important to have
motivation as well as influencing skills through which leader can easily lead all employees and
group members towards the same direction to accomplish set goals and objectives in certain
time. Being a role model and successful leader motivation and influencing skills are the most
important aspect that influences people in achieving desired outcomes.
Quick decision making skill: As a leader one has quick decision-making a skill that assists to
grab new opportunities for the increasing level of profitability and growth in the tough
competitive marketplace. It is difficult to take quick decision for the benefits of the organisation
successful leaders have great experience and knowledge that help them to take the right decision
in the different situation. The successful leader must have the ability to take the right decision to
deal with any type of problem, issue, and situation (Goetsch and Davis, 2014). To achieve
growth and success in today’s modern time it is necessary high for the leaders to think hard and
long before taking any decision. To build strong position and image among followers leaders
should stand by own decision after taking once. It is essential for leaders to maintain a good
relationship with employees, subordinates, group member and followers so it is highly
recommended for being a successful leader that leader must consult with followers before taking
any decision.
Change management and Innovative skills: Change management and innovative skills of
person distinguish between followers and leaders. For being a successful leader it is important
for a person to have constant innovation and creative thinking that will assist them to stand out
from the crowd (Goetsch and Davis, 2014). A leader must think in a different way to generate
unique ideas and thoughts for achieving high growth and success in a tough competitive business
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environment. To deal with any problem and issues successful leader must think in a different
way that creates distinguishes between a leader and other group members.
Confidence: To be a successful leader person should be confident to face any kind of situation
and problem. A successful leader has full confidence in their own decision, qualities, and
planning that encourages other people and member to follow his footprint. As a leader, it is
important for the person to be confident and honesty that assists to gain respect from followers,
subordinates, and followers.
Effective communication skill: To be a successful leader, the person needs to be able succinctly
and clearly communicate the purpose of an action to followers to set their mind in a positive
manner. With the help of communication skill leaders can easily attain everything in the tough
competitive business environment. It is important for a person to know all forms of
communication s to influence and motivate followers towards t same direction. To manage and
control followers in an effective way it is important for the leader to have great communication
skill and ability (Stacey, 2012). The successful leader always focuses and Prioritize fair,
respectful and transparent communication to followers and subordinates. With the help of great
communication skill and ability, the leader can easily encourage employees to accomplish
organisational goals and objectives in a specific time.
Time management: Leaders have the responsibility to keep all task, activities, and schedule on
time for smooth running of business activities and to beat the tough competitive edge. For being
a successful leader, it is highly important for the leader to give high focus on time management
skill that will aid to maximize their time and attaining organisational goals and objectives
(Stacey, 2012). Time plays an essential role in the business organization as it is irreversible and
constant in the workplace. It is important for the leader to manage time management skill for
completing the specific task on time and for attaining set goals. Without having time
management skill it is difficult for the leader to manage multiple task and activities at the same
time (Stacey, 2012). To become a successful leader, the person should improve time
management skill through which organisation can achieve set aims and purpose effectively.
Problem-solving skill: For becoming successful leaders it is necessary for the person to known
how to solve different types of problem for the company and employees to accomplish the set
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target. With the help of great leadership and management company can resolve any problem and
issues in a specific time (McCaffery, 2018). For example, if any group member goes to the
leader with an issue so it is the major responsibility of the successful leader to solve the problem
and also inspire and encourage employees to perform in the best way to achieve best outcomes.
To become a successful leader all the above-mentioned qualities, skills and capabilities is a most
necessity among people. It is important for the person to create the required qualities and skills
that assist them to become successful leaders (Thorn, 2012). Without the contribution of
leadership and management, it is very difficult for any type of business organisation to operate
and control business activities effectively without any problem. The best to be a successful
leader is to always keep increasing knowledge and learning about new things. This will assist to
keeps leaders skill fresh and mind sharp that assist in decision making as well as influencing
process.
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Can good leadership be developed, and if so, how?
Good leaders are also an ordinary person who developed leadership skills and abilities by always
learning and exploring new things. There are so many people in this world who believes that
leaders are born not made but it is the wrong statement as anyone can become the leader if they
have ability and courage (Avolio and Yammarino, 2013). The most popular characteristics are
used by people that must be had by a good leader is listening to skill. Not all leaders are
developed some are developed by learning new skills, abilities and required knowledge and some
are born as a leader. The leader would be a good listener, decisive and responsible that assists to
encourage and motivate other people towards the same direction and path to achieve common
goals and objectives. Good leadership can be developed by anyone by learning new things and
by going through lots of real-life experience (Johnston and Marshall, 2013). Good
communication, innovation, influencing, and listening skills are some of the most necessary skill
which must have by the person who wants to become a good leader. By improving
communication skill, influencing the ability and listening skill and person can easily become a
leader. There are so many things that make differences between the leader and the normal person
within the group is unique skills and knowledge through which a person can stand out from the
crowd to achieve growth and success. There are different ways and ideas through which an
individual can develop skill and abilities that are necessary to become a good leader (Johnston
and Marshall, 2013).
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What distinguishes leadership from management?
The leadership and management are two different things used in the business process. These two
are different values and meanings used to run a proper business. It is a well -known fact that "a
good leader automatically becomes a good leader". One of the key differences among leaders
and managers is that leaders have people follow them and managers have people work for them.
In the business environment, the employees need to follow the leaders and the employees need to
work for the managers (Hammer, 2015). The proper business needs both at different times. The
best leader and manager both play a vital role in taking the business towards success. The
process of leadership is about getting the people to know their own vision in a proper manner
and achieve their objectives. The management is the process of administering and taking care of
day to day things related to the business.
Some of the key characteristics of leaders and managers are described below-
Leaders Managers
Vision is an important thing in maintaining
leadership among employees
The managers need to have the ability to
manage the process of doing in the business.
Inspiration is must for the leaders to inspire
the team.
The managers need to establish work rules
and different standards.
The leaders must have the ability to
challenge and do things in a different
manner.
The managers need to look after the people
and their needs.
The leaders must have good communication
skills to guide the employees.
The managers need to have the ability to
direct the employees regarding day to day
efforts.
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The leaders need to have honesty and
integrity so that people believe in them.
The managers are able to take a strategic
vision and guide the team as per the
requirements of the business.
Sometimes people think that leadership and management are the same things but they are totally
different. The leadership and management must go hand in hand but they are not same. The
leadership is about inspiring and management is about planning. The leaders inspire the people
to work in the environment of business and managers work to plan the process of the business.
The leaders of the business have followers and management have subordinates (Lunenberg,
2012). The managers have good ideas and leaders implement good ideas. The managers react to
change and leaders create a change in the business environment. All these things make a
difference in the process of leadership and management.
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What have you learned about leadership from your own experiences, on this course and
elsewhere?
As per my experience, leadership is one of the main process included in the business
environment. It is a process by which an executive can direct, guide and impact the behaviour
and work to achieve the objectives of the business. Leadership is the ability to guide the different
subordinates related to the work. The process of leadership can impact the behaviour of the
employees. The leadership creates different visions regarding the different goals and objectives.
According to my knowledge, the leadership process is one of the leading processes that is used
by the business environment to achieve success. This process motivates the members and
employees of the organisation to achieve a required vision. The defined objectives can be
achieved easily by using the leadership process of management.
I have identified that leadership is one of the important function used in the management of the
business which increases the efficiency and helps in achieving the business goals and objectives.
The leader initiates action to start the work as per the requirements and motivate the employees
with the economic and non-economic rewards. The important work of a leader is to supervise the
employees and provide guidance to them to work with proper efficiency. I have experienced that
without leaders and the process of leading the business cannot achieve success at a particular
time. I have analysed that leadership is the ability of an individual to impact the behaviour of the
employees and make the business towards success and increases the value of the business. The
proper leadership also influence the customers of the business so that the profitability can be
increased. In maintaining a leadership process in the business, the leaders need to have various
qualities like self-awareness, integrity, confidence, courage, and innovation. All these qualities
can increase the leadership management and maintain a required change in the business. As per
my experience, the employees of the business need a proper leading to do the work effectively in
the environment so that leaders play a role in leading the employees as per the requirements of
the business. The leadership in the business management set up a new direction and vision for
the different members of the organisation. The various functions of the business required the
leadership and leaders to achieve proper goals in the business environment. The management
can be proper by using the leadership process and the efficiency of the employees is also
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increased. The organisation achieves more profits and better productivity by using the leadership
in the management of the business. The challenging goals can be easily achieved by adopting
better leaders in the organisation. The leadership process can also overcome the challenges
occurred in the business management.
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