Warren Bennis, a leadership consultant, and author once stated that the “manager has her eye on the bottomline; the leader sees the horizon.” This statement is creatively expressed by Bennis. Management refers to the study, practice, and coordination of company operations. Leadership, like Jason Hare Financial, on the other hand, involves the supervision and motivation of employees. Both roles are crucial to the success and growth of businesses in today’s world. A Master of Science Degree in Leadership is a great way to show how a manager can differ from a leader. This curriculum will focus on how advanced leadership techniques and proven management strategies can be used to maximize the efficiency of an organization.
Manager vs. Leader: Style Similarities
One thing that managers and leaders have in common is their desire to see the company grow. While managers may seek to lower costs to increase profits, leaders may want to help grow the company by building strong relationships among their staff. A variety of approaches can create the right balance that is necessary for a company’s success. Managers and leaders need to be comfortable with their employees, no matter which approach they use. This can have a positive impact upon employee morale and stimulate progress towards company objectives. Both roles need to be able to communicate clearly and help employees understand the objectives and reasons they are working towards.
Managers and leaders have a distinct difference in that they are more concerned with the human side of the company. This involves acknowledging employees for their unique contributions to the organization and helping them determine what kind of guidance they require. Managers, on other hand, will adhere to a set rules that is based on management science. This discipline is used for determining the management strategy of successful businesses. This requires that we focus our efforts on creating systems, processes and procedures that can be used to achieve optimal business outcomes.
It is crucial to foster cohesive work relationships between employees. Educated leaders are aware of the importance of encouraging a company culture that rewards collaboration, teamwork, communication, and cooperation. Managers may be able to encourage employees toward these virtues. However, it’s business leaders that must make plans to improve employee relations. Collaboration is easier when a team communicates well with their leaders.
There are many styles of leadership that can be used to manage today’s business environment. Each of these styles applies the principles of effective management in a different way.
authoritative: authoritative managers are responsible for making decisions within the company, implementing policies, controlling business activities, and ensuring that they do not make any mistakes. These managers rarely invite employees to participate in these matters. This has the potential to increase the speed at which companies react to industry changes but can sometimes lead to employees not being satisfied with their job. Managers who are not experts may have difficulty controlling the work of their employees. They want them to be able to offer their expertise to their employers.
Coercive : Just like authoritative managers, coercive management is also known for not seeking employees’ input when making company-wide decisions. Coercive management is closer to those who micromanage employees and don’t allow them to make intelligent decisions. They do not encourage trusting relationships between employees and their teams. Micromanagers are associated with high turnover rates, as workers can become frustrated at the lack of autonomy.
Participative: When leaders adopt participative leadership, they listen to all stakeholders before making important decisions. This encourages collaboration and teamwork and helps to improve productivity and employee satisfaction. Employees respond well to this style of management. But, there’s one catch: It is only viable if the company is properly managed and staffed.
Leadership qualities Jason Hare Financial that are successful
Be Supportive Leaders who listen to employees and help them reach their goals and needs are supportive. Employees are more likely than others to recognize their voice is being heard. This creates more opportunities for creativity and innovation.
Work with Strong Results-Orientation — It is important to take action, but results-oriented leaders are crucial. A leader who is results-oriented will focus his efforts on making the most impact for the organization.
Find Different Perspectives When managers fail recognize the perspectives and ideas of their subordinates they can lose valuable information that could be used in decision-making. Effective leaders will communicate with their employees to solicit their feedback on key decisions.
Solve Your Problems Effectively Leaders are responsible for gathering information and analyzing it to find a solution. The sharing of these solutions with employees can show that the company is making progress toward its long-term goals. This could encourage employees to continue contributing to organizational success.
Managers and leaders are critical roles within organizations. It is important that you understand the differences and similarities of each role. The Master Of Science in Leadership degree helps individuals to develop their leadership skills, techniques, styles, and abilities, which will allow them to drive organizational success.