{"id":935,"date":"2018-02-14T00:00:00","date_gmt":"2018-02-14T00:00:00","guid":{"rendered":"https:\/\/www2.businessbroker.net\/blog\/2018\/02\/14\/comparing-management-and-leadership\/"},"modified":"2018-02-14T00:00:00","modified_gmt":"2018-02-14T00:00:00","slug":"comparing-management-and-leadership","status":"publish","type":"post","link":"https:\/\/www.businessbroker.net\/blog\/buying-a-franchise-or-business\/comparing-management-and-leadership\/","title":{"rendered":"Comparing Management and Leadership"},"content":{"rendered":"<p>Effective leaders know they get the best efforts out of people by working with them, by helping them do their best, and by showing them how to be more productive.&nbsp; Managers perform managerial functions, coordinating human, material, and financial resources to accomplish objectives.&nbsp; As a business owner, you will find you are both a manager and a leader.<br \/>\n<span> <\/span><\/p>\n<p>Manager is often used synonymously with other terms such as executive, administrator, supervisor, and boss.&nbsp; Regardless of the specific term or the particular context, the basic functions of a manager remain the same.&nbsp; They are:&nbsp;&nbsp;<\/p>\n<p>\n&bull;<span> <\/span>Planning &ndash; Deciding who, what, when, where, why and how things will be done, in view of the organization&rsquo;s goals, develop and interpret policies, manage budgets and continuously improve methods of performing specific tasks.<\/p>\n<p>\n&bull;<span> <\/span>Organizing &ndash; Prepare schedules, delegate tasks and monitor programs through timetables or measurable objectives.<\/p>\n<p>\n&bull;<span> <\/span>Staffing &ndash; Advise and support employees, hire and promote, evaluate performance, and develop and reward employees.<\/p>\n<p>\n&bull;<span> <\/span>Directing &ndash; Motivate, inspire, and communicate with employees for better understanding, ownership and commitment, and seek to reduce response or process time by encouraging innovation.&bull; Controlling &ndash; Measure performance, establish standards and measurements of quality and service, prevent and correct problems that impede effectiveness, and obtain feedback for current and future projects.<\/p>\n<p>Businesses become effective and efficient by doing the right things, in the right way, at the right time, and with a high ratio of output to input.&nbsp; Achieving excellent performance and ensuring the continuing capability to perform is the job of management.&nbsp; It means getting quality work done on time.&nbsp; Managers share functions but they vary in styles of leadership, formal and informal backgrounds and personalities.&nbsp; Effective managers are decisive and have strong goals and ambitions.&nbsp; They are perceptive and can see the parts as a whole.&nbsp; They value common sense and are life-long learners.&nbsp; As the owner and manager of your business, you have a strong desire to achieve your objectives by making decisions and solving problems.&nbsp; You also provide leadership by example.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<\/p>\n<p>Now let&rsquo;s look at leadership.&nbsp; Leadership implies that a person is a good leader, that he or she is doing something right.&nbsp; We think of a leader as someone who attracts others to him or her, someone others naturally follow.&nbsp; Some characteristics that seem to help are having energy, enthusiasm, interpersonal skills and power.&nbsp; When dealing with your employees, you have legitimate power as their boss, so they should naturally follow you.&nbsp; Different leaders have different styles and their subordinates have individual differences, such as work habits, values, and personalities.&nbsp; Managers and leaders need communication skills to discuss performance, give credit, and listen to subordinates.&nbsp; There are major differences in the extent to which a subordinate fits or doesn&rsquo;t fit with the leader.&nbsp; Those that are seen favorably by the leader are part of the in group while those who are in disfavor are the out group.&nbsp; People usually know to which one they belong.&nbsp; The in group tends to be more satisfied with their jobs than the out group.&nbsp; Leaders have to be careful that they do not let their feelings of liking influence their more formal judgments of and behavior toward their subordinates.&nbsp; It is important to have all employees participate and gain their confidence by knowing them personally.<br \/>\n<span> <\/span><\/p>\n<p>As you can see from this brief information about managers and leaders, a business owner will be both.&nbsp; You don&rsquo;t have to be an expert in everything to be a successful business owner, but it helps to know enough to understand what is happening.&nbsp; You can hire employees or individuals or companies outside the business to do some of your work.&nbsp; You have an advantage as a business owner in that you know your business and have a vested interest in it.&nbsp; Do what you do best and depend on others to work for you to make your business successful.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Effective leaders know they get the best efforts out of people by working with them, by helping them do their best, and by showing them how to be more productive.&nbsp; Managers perform managerial functions, coordinating human, material, and financial resources to accomplish objectives.&nbsp; As a b<\/p>\n","protected":false},"author":3,"featured_media":191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-franchise-or-business"],"yoast_head":"\n<title>Comparing Management and Leadership - Blog<\/title>\n<meta name=\"description\" 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