The scope of management also focuses on structures within a business, contrary to leadership that focuses on people and these factors suggest that management may lack required potentials for ensuring business success. Management’s control potential within an organization, however, ensures discipline for adherence to established policies and objectives and may achieve similar results as leadership’s ability to derive trust from followers. Managers also offer a tendency of comfort with status quo, a factor that may limit success to its existing level while leaders are dynamic to embrace challenges as they pursue interests (The Wall Street Journal 1).
Consequently, management is necessary for business success but it is not sufficient. An organization that wishes to succeed in its ventures, therefore, needs to integrate management and leadership roles and this can be achieved by having executives who possess both managerial and leadership potentials or by having leaders and managers in an organization’s structure. . Managing for Business Success.
Works citedThe Wall Street Journal. “What is the difference between management and leadership.” The Wall Street Journal. N.d. Web. February 28, 2014. < http://guides.wsj.com/management/developing-a-leadership-style/what-is-the-difference-between-management-and-leadership/>.
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