MG4031 week 9 lecture 1

Leadership

• Leadership is an interpersonal influence process, exerted in a situation, directed toward a specific goal. It's a social influence process where one person gets support from others to achieve a task.
• Leadership functions include task completion, creating and maintaining a performance culture, symbolic representation, and political relations with outsiders and relational aspects.
• Leaders differ from managers in their approach to goals. Leaders aim for long-term objectives, and are creative, focused on people, and challenging, unlike managers, focused on short-term goals and current systems.
• Leaders do not just maintain systems but develop them

Differences Between Managers and Leaders

• Goals: Managers achieve organizational goals, while leaders establish new objectives.
• Perspective: Managers have short-term views, leaders have long-term perspectives.
• Creativity and Approach: Managers copy others; leaders create original approaches.
• Focus: Managers focus on systems and structure; Leaders focus on people.
• Action: Managers implement; Leaders shape.
• Relationships: Managers rely on control; Leaders create trust.
• Priorities: Managers focus on the bottom line; Leaders look to the future.
• Flexibility: Managers accept the status quo; Leaders challenge it.
• Actions: Managers do things right; Leaders do the right thing.
• Personal Involvement: Managers are impersonal about goals, leaders exhibit personal action.
• Motivation: Managers coordinate and balance; Leaders foster excitement and acceptance.
• Emotional Involvement: Managers have low emotional involvement; Leaders have empathy

Traits Theories of Leadership

• Identifying characteristics that unify great leaders.
• Some leadership characteristics include: initiative, dependability, lateral thinking ability, self-assurance, maturity, visionary ability, social well-being, need for achievement, and goal-directedness.
• These characteristics are sometimes difficult to measure and their importance varies. It also ignores relationships with subordinates.

Explore the key differences between leadership and management in this insightful quiz. Understand how leaders focus on long-term goals and creativity, while managers prioritize short-term objectives and established systems. Test your knowledge on the essential functions and perspectives that distinguish these two roles.