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Definition of management Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz, “Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals”. According to F.W. Taylor, “Management is an art of knowing what to do, when to do and see that it is done in the best and cheapest way”.
Definition of leadership
It is a process by which one person influences the thoughts, attitudes, of others. Leader s set a direction for the rest of us. They help us visualize what we might achieve. They encourage us and inspire us. Without leadership a group of human beings quickly degenerate into argument and conflict because we things in different ways and learn toward different solutions. Leadership helps to point us in the same direction and harness our efforts.
The difference between management and leadership
Management
❖ Management is about coping with complexity.
❖ Companies manage complexity by planning and budgeting.
❖ It develops the capacity to achieve its plan by organizing and staffing.
❖ Finally management ensures plan accomplishment by controlling and problem solving.
Leadership
❖ Leadership is about coping with change.
❖ Leading an organization begins by setting a direction.
❖ The equivalent leadership activity is aligning people.
❖ For leadership, achieving a vision requires motivating and inspiring people.
Setting a Direction Versus Planning and Budgeting
Planning and Budgeting
❖ They are the activity of