What is the relationship between strategic management and leadership?

Answer 1

The key to business success largely depends on two main factors, good leadership and effective management. Just in case you are not yet informed, I want you to know that they are two different things. Leadership and managements are two words that people, especially those in the line of business, usually interchange the meaning. This fault is sometimes the cause of fall down of some enterprises. Applications and approaches being used for each are distinct, that if you don't to which one they should be assigned, chances are high that you will end so messed up.

Leadership and management are both skills that an organization should possess, courtesy of a chosen leader, with the support of its personnel. Good leadership can be attained through practice while effective management is learned through a course. Some good leaders are born, managements is achieve by consulting management consultants. See, it is not just in dictionary that the two terms differ.

Leadership is when you guide the organization into a result that your group has agreed upon. You and the rest of the team have a defined understanding to determine the ability and to articulate visions and goals. Leadership is said seen just as a facet of successful manager. It usually works on precedence for strategic planning and management and long-term success.

On the other hand, management is the planning and organizing of projects and operations, allocating resources to minimize costs and maximize benefits, directing practices and procedures, establishing controls to measure the effectiveness and efficiencies, and motivating subordinates. Management is concerned with present activities and the immediate results of those activities. Generally, the task of management is a lot heavier than that of leadership.

A leader is the spearhead of the group going to a direction. And once they've found the direction, manager will take over to have consistency and make the group prosper after being established. Managers are incremental, while leaders are radical. Manager's decision are usually based on the book or ethics that every members constructed but leaders decide based on their intuitions.

But still, one cannot live without the other. Management won't take effect without the presence of the other. A leadership without management will only give you a short-time pleasure because more probable than not, your organization will fall as soon as the way you succeed. Management without leadership also goes the same way. You may have the right ingredients so you can continue, but you don't have the authority to make them all happen. There is no such mission, vision and goal to follow so you can have a defined direction.

When good leadership is combined with effective management, you can set a direction and be able to manage the resources the way you want. Not only that, you will arrive to your destination the way you have planned and wanted it.