Management and Leadership Term Paper

Pages: 2 (475 words)  ·  Bibliography Sources: 0  ·  File: .docx  ·  Topic: Business - Management

Management and leadership are both essential aspects of modern business organizations. In principle, there are fundamental differences between them, but there is also significant overlap or similarity. In general, management relates to operational elements of business and efficiency whereas leadership pertains more to personnel elements and motivation. Whereas business management focuses largely on planning, organizing, and controlling, leadership addresses employee motivation and performance. However, in many respects, it is impossible to completely distinguish between the two, particularly since the fourth traditional function of business management is leadership.

Management

Traditionally, the four essential functions of business management are planning, organizing, controlling, and leading. Planning generally relates to establishing the long and short-term vision and mission of the organization together with the specific objectives necessary to achieve the organizational mission. Organizing pertains largely to assessing the assets and resources of the organization and applying them in the manner that is most conducive to the achievement of the organizational mission. The management function of controlling consists substantially of establishing structures and processes whose implementation represents the optimal use of organizational assets and resources in connection with fulfilling the objectives outlines by organizational decisions. Controlling also incorporates the functions of evaluating the effectiveness of established processes and procedures and making adjustments as necessitated by the degree to which they result in successful achievement of their specific objectives.

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Leadership

Term Paper on Management and Leadership Are Both Essential Aspects Assignment

Leadership is often considered the fourth traditional function of business management but the… [END OF PREVIEW] . . . READ MORE

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Management and Leadership.  (2011, February 27).  Retrieved January 27, 2021, from https://www.essaytown.com/subjects/paper/management-leadership-both-essential/6138569

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"Management and Leadership."  Essaytown.com.  February 27, 2011.  Accessed January 27, 2021.
https://www.essaytown.com/subjects/paper/management-leadership-both-essential/6138569.