Management and Leadership Paper (wk5)

Management and Leadership Paper (wk5) - Running head:...

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Running head: MANAGEMENT AND LEADERSHIP 1 Management and Leadership LaQuenta Reynolds MGT330 February 16, 2011 Dr. Lola Jackson
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MANAGEMENT AND LEADERSHIP 2 Management and Leadership Management and leadership are both imperative for an organization. Organizations need both leaders and management to effectively operate a business. There is a difference between leadership and management, although they both are interchangeable. Leadership is guiding, motivating, and encouraging a person or group toward the best results. Leadership requires completing a job or task. “The leader’s job is to create a vision,” stated Robert L. Swiggett, former chair of Kollmorgen Corporation. The purpose of having a vision is to illustrate future goals and the success of the organization; therefore, leaders must know what they want. According to Bateman and Snell (2009), visions can be small or large and can exist at any organizational level as well as the very top. The important parts are that (1) a vision is necessary for effective leadership; (2) a person or team can develop a vision for any job, work unit, or organization; and (3) many people, including managers who do not develop into strong leaders, do not develop a clear vision—instead, they focus on performing or surviving on a day- by-day basis (Bateman & Snell, 2009). Management, however, consists of conducting and supervising within a business or as using judgment in business affairs. A manager’s role, duty, and responsibility consists of directing, controlling, and manipulating his or her business atmosphere in a manner that holds him or her accountable of the risks involved for monetary gain. According to Bateman and Snell (2009), effective managers are not necessarily true leaders. Management must deal with the ongoing, day-to-day complexities of organizations. Managing requires planning and budgeting routines, structuring the organization, staffing it with capable people, and monitoring activities (Bateman & Snell, 2009).
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MANAGEMENT AND LEADERSHIP 3 A highly-successful, prestigious organization such as Disney Institute is known and greatly respected and admired for their Disney’s legendary “Chain of Excellence”, which incorporates leadership excellence, people management, quality service, brand loyalty, and inspiring creativity. Disney’s inspired leaders, motivated employees, and satisfied customers drive their astonishing financial results, continuing and growing business. The organization became one of the leading organizations due to its financial success, unique brands, brand popularity, and the ability to far exceed customer’s demands. Its ability to encompass effective management and leadership played an important role in the company’s success For a prestigious organization like Disney Institute, its successful organizational operations must have effective management and leadership, which are the key elements in an organizations success or failure. Disney Institute implements and practices the four management
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This note was uploaded on 03/08/2011 for the course MGT 330 taught by Professor P during the Spring '10 term at University of Phoenix.

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Management and Leadership Paper (wk5) - Running head:...

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