MANAGEMENT AND LEADERSHIP

Management and Leadership

MANAGEMENT AND LEADERSHIP

For the purpose and objective of greatly and significantly understanding the accounts of management and leadership simultaneously and the synergetic outcomes it has, we shall discuss the entire phenomenon of the relationship that exists between the two major heads of the most widely practiced discipline around the globe. Rooting from the pre-historic Roman Emperor to the Egyptian Dynasties to the modern-day political and social setting individuals live in to survive or be it be the World Wars I and II that human races and generations faced and fought at the time, management and leadership have proven key and undoubtedly important for all societies, domiciles, vicinities and individual households to survive accordingly. The discipline continues to grow with every contribution, writing, script, research, theory or any other form of work that could be included in order to make greater understanding and immediate adoption without any hindrances or discrepancy that may occur in the process (Björkman, 2008).

This paper has been undertaken and framed with the objective of proving the importance of management and leadership in a greater context which, if viewed on a macro level, shall greatly help us understand the importance and significance of management, leadership, their interconnected relationship, implications and thus help us make and draw justified conclusions in order to understand the standing of management in all situations alike (Björkman, 2008). With the framework discussed in class, the paper has been divided into four major components, which have been further divided into three to four subcomponents. We shall discuss them in detail as the paper follows (Bonardi, 2009).

L1: Understanding the Relationship between Strategic Management and Leadership

Explain the link between strategic management & leadership

Management and Leadership have been greatly associated with one another since leading itself is one of the core components of effective management that is, planning, organizing, leading and controlling. The reason leading is a key component is because when employees, students, subordinates, coordinators or even family members living in a particular family setting or grouping are required and obliged to follow certain rules and principles set by an authoritative individual or body or organization that runs the entire setup. Thus for effective management, strong and effective leadership skills are necessary and inevitably crucial in order for the entire system of conduct to survive accordingly. Strategic management clearly implies the positioning and undertaking of organizational goals and tailoring them in order to improve the external reputation and portfolio in the overall market.

The word 'strategy' is most commonly termed as a helping hand, a tool, a utensil that reduces any hindrances or causalities that may presumably occur in the process of bulleting and achieving the overall performance of the organization. Strategic management not only works for the importance of the organizational functioning; it aims to stimulate the performance of employees working in different time intervals, helping to monitor and scrutinize their overall capability and assess their willingness to work in a mainframe context. One key and important situation that strategic management ...