- 10 Marks
Question
Leadership and Management are two terms often used interchangeably by both business practitioners and academicians.
Required:
As a resource person to a group of accounting students preparing for examinations in Business Management and Information Systems, explain FIVE (5) ways in which the two terms differ from each other.
Answer
Differences Between Leadership and Management:
- Scope:
Management is broader in scope, encompassing planning, organizing, directing, coordinating, controlling, and reviewing work processes, while leadership focuses on influencing others to achieve goals.
(2 marks) - Inclusion:
Leadership is a component of management, as good management often requires appropriate leadership skills, whereas management is not necessarily part of leadership.
(2 marks) - Legitimacy:
Management often holds legitimacy through authority, occupying official positions within the organization, while leadership may gain legitimacy through popularity and support from followers.
(2 marks) - Goal Achievement:
Management achieves organizational goals by applying procedures, principles, and rules, while leadership often uses persuasion and influence to achieve goals.
(2 marks) - Relationship with the Status Quo:
Management typically maintains the status quo by following established processes, while leadership challenges the status quo by applying innovative approaches to improve the organization.
(2 marks)
- Tags: Leadership, Management, Organizational Behavior
- Level: Level 1
- Topic: Management and leadership
- Series: AUG 2022
- Uploader: Theophilus