The purpose of this report is to reflect on the leadership and management styles of the company I work.
I am the Senior Management Accountant and report to the Group Financial Controller.
IDENTIFICATION & CRITIQUE OF LEADERSHIP & MANAGEMENT STYLES
“No single individual can be considered fit to lead until and unless he is first able to guide his own self.” (Plato 427-347 BC, Student of Socrates)
Definition of Management
• The organisation and coordination of the activities of an enterprise in accordance with certain policies and in achievement of certain policies. • The directors and managers who have the power and responsibility to make decisions to manage an enterprise. www.businessdictionary.com/definition
Definition of Leadership
• The activity of leading a group of people or an organisation. Leadership in an organisational role involves establishing a clear vision, sharing the vision with others so that they follow willingly. Provide the information, knowledge and methods to realise the vision and coordinate and balance the conflicting interests of all members. Unlike management, leadership flows from the core of a personality and cannot be taught, although it may be learned and may be enhanced through coaching or mentoring. www.businessdictionary.com/definition
Both Leadership and Management involves working with people, having an influence and about achieving goals and objectives. According to researcher, Warren Bennis, the main differences between the two are :
|Managers |Leaders | | | | |Administer |Innovate | |Is a copy |Is an original | |Maintains |Develops | |Focuses on systems and structure |Focuses on people | |Relies on control |Inspires Trust | |Has a short-range view |Has long range-perspectives | |Asks how and when |Asks what and why | |Their eye is always on the bottom line |Their eye is on the horizon | |Imitates |Originates | |A classic good soldier |His or her own person | |Does things right |Does the right thing | |Plans and budgets |Creates vision and strategy | |Directing and Controlling |Allows room for others to grow | |Creates boundaries |Reduces boundaries | |Acts as boss |Acts as coach, facilitator | |Maintains stability |Creates changes | |Creates culture of efficiency...