In business today, companies define themselves with mission and vision statements and by setting goals. Significant consideration is dolled out when creating a mission and vision statement due to the fact these statements set the course for the company and define how the company will be successful. It is no great secret that the most successful companies hire those individuals who intrinsically share those attributes identified in the mission and vision statements and who aspire to the same goals. This is the genesis of a healthy corporate culture.
As stated in the opening, the purpose of this paper is to discuss differences between management and leadership within a familiar organization. Managers and leaders share the same main purpose and responsibility to maximize the output of the organization through their respective skill set. Both managers and leaders can take the likely pathway of an administrative approach to their implementation. In order to achieve this, managers and leaders must undertake the four functions of management: organization, p...
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