Managing for business success Businesses are profit oriented and therefore focus on optimizing unit profit margins as well as cumulative quantities that they handle for optimal profits. Management is one of the major positions in organizations and this suggest their significance in success, either in profits or secondary success, that organizations pursue. Analysis of leadership roles however identifies significance of leaders and this raises the debate of the relative significance of management in business success.
Management administrates towards business success while leadership develops new ideas that can empower a business to success. Management also deals with routine activities while leadership involves development of new activities for the leader and the business. 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 offers 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 wish 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.
The 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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