No matter how many years you have spent in the business world, you need to understand the differences between management and leadership. Throughout your business journey, you’ll practice both.
Leadership and management are often considered one and the same, but they really aren’t. Let’s look at each one to see how they differ from one another.
What Is Leadership?
Leadership isn’t something you will learn in school; no business leadership diploma is offered at any educational institution. It is something a few people are born with and a skill that a few more will develop over time. A true leader is often fearless, thinks outside the box, and won’t hesitate to take risks to achieve rewards for employees, investors, and clients.
A few hallmarks of a good leader are:
- The willingness to accept challenges
- Honesty and loyalty
- They are inspiring and encouraging
- Strong communication skills
- They are team builders
- They are vision creators
What Is Management?
A business management degree can be earned through a college or university, although some managers learn on the job while moving up in their company. A manager is responsible for planning, organizing, controlling, managing, leading, and directing.
Some key characteristics of a good manager are:
- A strong focus
- They develop rules and operating procedures
- Master technical knowledge
- People management skills
- They are analytical
- They execute the vision
In a nutshell, the differences between leaders and managers boil down to this: Leaders develop ideas and managers execute them.
I’m AnnaVija McClain. For the past decade, I have helped business owners boost profitability while achieving increased personal fulfillment and equipped hundreds of young professionals with the skills and resources to successfully transition from college into their careers.
I am proud to serve the Nashville business community! Check out my blog for business and marketing tips and information. I would love to sit down with you and talk about ways I can help you achieve your business goals; call me at (615) 348 7768 or contact me online!