Cultural Dimensions of Leadership
February 12, 2025
Enterprise risk management (ERM) is a buzzword that has been doing rounds in the risk management field for the past few years. It is often used by managers in a context that implies that it is wider in scope than the traditional risk management function. However, the number of risk management professionals who do not […]
Without an effective leadership strategy, it is believed, that the organizational strategies do not work. Best players in a team do not guarantee success without a great coach, similarly, work teams may not function effectively if leaders do not follow an appropriate leadership strategy. To understand leadership styles here are three scenarios: Scenario 1 – […]
There is a common misconception about risk management that the goal of risk management is to completely eliminate the risk from a business. This is not really true because the elimination of risk is practically impossible. Instead, the goal of risk management is to first ensure that the organization has a clear picture of the […]
To emerge as a winner and stand apart from the crowd in today’s fierce competitive world, an individual must have excellent communication skills. Communication is not only interacting with others but successfully conveying the message to the recipients and also get the appropriate feedback. How do you capture the interest of the listeners? How will […]
The Importance of Team Building Team Building is significant for organizations to actualize optimal performance and enhanced levels of results. Indeed, without team cohesion and the sense of unity of purpose, no organization can hope to survive the neck tight competition as otherwise, the teams would be working at cross purposes with that of the […]
Leadership and management are the terms that are often considered synonymous. It is essential to understand that leadership is an essential part of effective management.
As a crucial component of management, remarkable leadership behaviour stresses upon building an environment in which each and every employee develops and excels.
Leadership is defined as the potential to influence and drive the group efforts towards the accomplishment of goals. This influence may originate from formal sources, such as that provided by acquisition of managerial position in an organization.
A manager must have traits of a leader, i.e., he/she must possess leadership qualities. Leaders develop and begin strategies that build and sustain competitive advantage.
Organizations require robust leadership and robust management for optimal organizational efficiency.
Leadership differs from management in a sense that:
Leadership, on the other hand, is an art. In an organization, if the managers are required, then leaders are a must/essential.
Leadership sees and evaluates individuals as having potential for things that can’t be measured, i.e., it deals with future and the performance of people if their potential is fully extracted.
The organizations which are over managed and under-led do not perform upto the benchmark.
Leadership accompanied by management sets a new direction and makes efficient use of resources to achieve it.
Both leadership and management are essential for individual as well as organizational success.
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