What is the difference between management and leadership Essay

What is the difference between management and leadership - Essay Example Leadership refers to the task of guiding people towards the achievement of some specific goals and objectives. According to Cherry (2010), leaders encourage their followers to utilize their full potential and get new opportunities to learn. They view the need for change as an opportunity for their followers to grow in their professional lives and increase their levels of productivity (Elkington, 2010). They motivate people to use their skills and abilities to get their personal, social, political, or organizational needs and demands fulfilled. The role of leaders in the process of goals achievement is to identify the need of the followers, make them aware of their responsibilities to fulfill those needs, design and give an effective strategy to the followers, and motivate them to continue putting efforts to achieve the goals. On the other hand, managers do things in a programmed manner. They do everything to fulfill organizational needs and hardly focus on the needs of employees. Another difference between leaders and managers is the way they develop policies. Managers always think incrementally and set priorities and goals according to the needs and limitations of the company’s policy. On the other hand, leaders think radically towards bringing change in the current policies and organizational structure. They do everything to meet the interests of their followers. This difference shows that managers always have to follow the policy of their respective organizations in carrying out any job related activity, whereas leaders are independent in doing whatever they want and whichever way they want. They listen to the concerns of their followers and guide them in all phases of all social, political, and organizational movements. They work for collective interests to get things done collectively. Managers monitor and control the activities of their employees. They do so to achieve

Account management Essay Example | Topics and Well Written Essays - 750 words

Account management - Essay Example The Entertainment and leisure industry includes a wide range of sub-sectors: entertainment (adult entertainment, attractions, movie and theaters), gambling, hospitality, restaurant and caf, sport and recreation, etc. Entertainment and leisure industry is marked by increasing capital markets activity over the past 5 years. It is estimated that average annual returns for industry are anticipated to exceed 13 percent over the next 10 years, with Entertainment and leisure industry investment alternatives performing at single digit growth rates (approximately 7 percent to 9 percent).The entertainment and leisure industry, known for its patchy supply chain and bungling circulation processes, has the latent to improve efficiency, inventory, audit control and to diminish infrastructure and operation costs by web-enabling their business online.In order to assess the situation the company can provide its own market research to collect and analyze the available information. This information can be found in mass media including press and TV advertising. This will help to identify competitors one by one, their price strategy and promotion techniques, their potential and target audience and even the quality of products they propose. This research may include information on new security equipment and associated consultancy services brought out by other companies, the relative prices of goods in the Internet shops, how competitors are promoting their products, or whether changes are taking place in the way consumers buy goods. This second activity is sometimes referred to as market intelligence for it enables management to build up a picture of the market in which they operate and chart the significant changes and trends so that strategies may be initiated and changed as appropriate. And, the received information should be compared with distributors marketing activity and strategy. An assessment of general environment and the firm's immediate competitive position should enable the account manager to identify the major threats and opportunities facing the firm. A strengths and weaknesses analysis can be particularly powerful if it incorporates a comparison with competitors. Core competences are concerned with identifying those particular strengths which give the company an edge over its competitors, and those areas of particular weakness which are to be avoided. This may require a parallel analysis of competitors' resources as previously mentioned. Bear in mind the mistakes and false steps made by the distributors new marketing strategy will be developed. Taking into account this data it will be possible to assess, to a certain extent, opportunities existing in the entertainment and leisure industry. The account manager will need financial and organizational information as for the UK distributors activity. It may include sales and product variations by region and also will provide the basis for implementing. The account manager should analysis the previous work of distributors and identify possible mistakes in their marketing strategy. Their work may include ineffective advertising campaign, inappropriate sales decisions, tools and techniques, or the choice of target audience may be wrong. The following techniques can be used to "gain entry" into the sector: the sales may be designed to make consumers aware of a new product, to stimulate nonusers buy to sample the existing product and service. The next step is elevation of customer to 'client' status, to establish a pattern of repeat buying by making it easy for the customer to do business with the company. If consumers are really impressed

Documentations strategy document Essay Example | Topics and Well Written Essays - 1000 words

Documentations strategy document - Essay Example It is without doubt that paper documents are simple to understand, move, and make use of. Also the use of a lot of documents on paper can considerably decrease efficiency and boost overheads in several ways. The Hurricanes Rita and Katrina radically demonstrated the perils for businesses that uphold records totally on the paper. Loads of businesses, together with dentist’s office, lawyer offices, colleges and schools, lost almost all their paper accounts. Comparable losses can take place during the event of thunderstorms, fires and blasts plus further natural calamities. Let’s suppose if a business would keep as backup paper copies of each document inside a different location, still, it would face the extra test of keeping a track of the exact description of the documents. For instance, the IRS calls on lots of industries to preserve paper documents for seven years and then annals or raze them. It is sometimes impossible to physically trail the age of the paper documents to fulfill these policies and their obligations. The documents are effortless to lose or misplace. These Paper documents are complex to get your hands on in a suitable manner when the client is over the phone, which implies that the Accounting department has got to suspend up, move towards the filing cabinet, recover the invoice, and then call the client back. The mislaid documents effect in longer searches. When a corporation is located in numerous locations, the admission becomes even more flexible. As an effect, the paper storeroom and recovery becomes the source of extensive manual labor and overheads, which increase as the amount of invoices amplifies. The investigation conducted by the Delphi Group (Delphi.com) denotes the extent of the test and outlay: Almost all corporations tend to use up a typical of $25,000 to fill up a classic four-drawer file cabinet; $2,000 to uphold it every year. And, over the due time line of the

Business Ethics Essay Example | Topics and Well Written Essays - 1250 words - 10

Business Ethics - Essay Example Ethical and social responsibilities require companies to have a sense of responsibility to the environment in which it operates through participating in programs that are aimed at improving the wellbeing of the community. Over the past years, Apple Corporation has not been performing well as far as corporate social responsibility is concerned. Its workers working in the China based factories have been reported on several occasions as going through harsh working conditions. These poor working conditions involved extremely low wages, forced overtimes with no corresponding remunerations and other unfavorable treatments. Recently the organization has been linked with child labor after Foxconn, which is a major supplier of Apple admitted of being involved in child labor. In its Yantai assembling facility in Shandong province of China student interns who were as young as fourteen years were required to work forcefully at a certain amount of fee. Its environmental practices have not been fr iendly as evidenced by the many criticisms it has been receiving. The company has been accused severally of consuming a considerable percentage of global electricity, which has raised questions on the commitment of the firm to using alternative means that do not cause a lot of pollution to the environment (Icke, 2013). Currently Apple seems to be heading on the right direction in corporate social responsibility especially after Tim Cook became the CEO. He has displayed having a vision of being socially responsible, which previously lacked in the management since Steve Jobs was only concerned with equipping the society with the best technology. He therefore never took keen interest on public grants to charity organizations and other programs that are aimed at improving the well-being of the society. Cook after assuming office introduced a charity program that is similar to the ones embraced by majority of the successful large multinationals. The program involved a dollar-to-dollar