+Leadership and Management, Two Sides of the Same Coin

By Sarang Ahuja www. sarangahujafinance.com

+Introduction

n  Leadership is encapsulated in both an individual’s talent and energy. Through their knowledge, their skillset, their experience, and their reservation on the job, these strong and talent individuals can inspire and ignite the necessary passion needed to cultivate a rich and efficient working environment.

n  But what happens when you do not have that vibrant personality to spark ingenuity and passion? What happens when you do not have that organizational skillset to manage the various logistics within the day-to-day? No matter how you slice it, leadership and management will always be necessary for success.

+Leadership vs. Management

n  In the business world, leadership and management go hand in hand. As much as they differ qualities and objectives, they are, essentially, two sides of the same coin.

n  In the grand scheme of things, they are necessarily linked. As much as they stand separate, they continue to complement each other by solving problems and strategizing new and creative ideas for success.

n  Put it in this perspective; management administers, while leadership innovates.

+Million Dollar Question

n  But what makes these two characteristics out? Is one trait better than the other?

+Why You Need Both

n  Perhaps there was a time when the calling of the manager and that of the leader could be separate. In fact, today, one of the most commonly used buzzer words within the corporate sector has been, and will continue to be, ‘leadership.’

n  But with the way business works, any successful business owner will tell you that if you want to run your business right, you need to have both a strong leader and an efficient manager to get your team on board.

n  Having both skill sets will allow you to direct your team to your company vision in the most effective way possible.

+What is Leadership?

n  So what is leadership? While it has become widely popular term, we cannot overlook the power that this characteristic has for a person. For leadership, we are talking about the ability to communicate, inform, and inspire action.

n  That idea to believe in a goal is something that is incredibly difficult to cultivate, especially in the workplace. To do this effectively, many great leaders are incredibly transparent and honest with their employees.

n  That, in turn, builds a sense of integrity and trust that continues to inspire your employees on the journey that you are taking them on. In addition to honesty, many great leaders are long-term thinkers

+Leadership and Communication n  It is absolutely important, as a leader, to have business goals.

n  The ability to create strong, tangible, and viable goals is something that will constantly play a role in a leader’s success within the future.

n  But the most important skill set of a leader is their ability to communicate.

n  Communicating across a variety of departments will always be a sought out ability by every business firm and organization. The reason why is that a strong line of communication can handle any task given to them.

+What is Management?

n  Now, as great as it is having those qualities and traits as a leader, none of it can be possible without strong and effective management.

n  With management, it is more about administering task and making sure the day-to-day operations and logistics are happening, as they should.

n  In order to be a strong, effective, and consistent manager, you need to be able to execute your goals.

n  While it is great, as a leader, to have these overarching goals, all of it would be for nothing if you did not have a clear and strategic roadmap to follow and complete for your employees.

+Management and Strategic

Planning n  In addition to strong and strategic planning, a strong

manager needs to have the ability to direct. During the day-to-day, things will pop up.

n  Your job will be to handle those tasks, review resources when needed, and anticipate future problems or hurdles for you and your employees.

n  Much of this will require strong organizational skills, effective communication, and focused and processed management.

n  Without these skillsets, a dream will continue to be a dream.

+To Sum it all Up

n  So, if you are looking to take things to the next level, make sure you find that game changer that has both the attributes of a manager and the vision and mentality of a leader.

n  By framing your process in this way, your hunt for your next supervisor, director, or senior partner will be that much easier and beneficial for the success of your business.