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Management and leadership
Finance & Accounting
Pages 5 (1255 words)
You have to be a good manager to be an effective leader
Management and leadership are two such terms that are sometimes used interchangeably though they slightly differ from each other in definition as well as in practice. …
It is a well-known and understood fact that it takes the display of very fine management skills in order to be a good leader. Generally, good leaders are first good managers. Body One of the most fundamental differences between managers and leaders is their way of motivating the subordinates or followers. While the managers usually are risk averse in their approaches, leaders tend to take risks. Some traits that differentiate a manager from a leader are; managers prefer routine over change whereas leaders prefer the other way round; the vision of managers is short-term generally whereas leaders tend to have a long-term vision, leaders visualize things in a broad perspective whereas managers work upon details to make the plans of the leader practicable; finally, as the terms suggest, managers tend to manage whereas the work of a leader is to leader, though it takes sound management skills to be able to lead. The foundation on which leadership stands is the commitment and obedience of the followers. A leader cannot do without the help, support, and compliance of the followers. It takes management to get the followers in the position where they are ready to accept the leader as an individual with power and authority over them. ...
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