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Organizations need great managers to succeed. According to research by Gallup, the global consulting and research firm, managers account for at least 70% of the difference in how engaged employees are. Although no one doubts the importance of having effective management and leadership teams in modern businesses, many people use the terms interchangeably鈥攐verlooking the critical differences between the two.¹

Managers can be great leaders, but they aren鈥檛 necessarily so, and vice versa. As more organizations move to remote and hybrid work environments, understanding the skills needed in a leader vs. a manager can make the difference between a team thriving and floundering.²

This article will explore the difference between leadership and management and the role each plays in a successful business.

Leaders inspire people to work together to achieve a common goal. They set examples and keep people focused on the big picture. Great leaders are creative problem-solvers who can find innovative solutions to business problems.

Not all leaders within an organization start out in formal leadership roles. Many natural leaders work on existing teams, so innovative businesses will look for leaders internally.³

Managers fulfill operational roles in a company. They鈥檙e responsible for keeping teams working together and staying on track to meet goals. Good managers help employees develop their skills and contribute to their team. Managers usually have assigned hierarchical roles in the organizational structure.³

Although there鈥檚 some overlap between leaders and managers, they have fundamentally different objectives.

Leaders set the vision for an organization or team. They think strategically and influence the culture and direction of their business. Managers handle the day-to-day details and see that the plan is carried out and the strategies are implemented.⁴

Because of the overlap between leadership vs. management skills, you鈥檒l often find managers who are leaders and leaders who are managers. This is particularly true in smaller businesses such as startups. In lean organizations, people frequently have to wear many hats, so having leaders take a hands-on management role makes sense.⁵

There's usually more differentiation between leaders and managers in more structured, larger companies, such as government organizations and enterprises. Under a more hierarchical structure, you鈥檒l usually find the formal leaders in the C-suite and the managers in the layer between executives and the rank and file employees.⁵

While leadership and management aren鈥檛 the same, they aren鈥檛 mutually exclusive, either. Someone can be both a leader and a manager by combining the traits of both roles. Formal leaders may sit in the C-suite, but leaders can be found at all levels of every organization. Leadership is a mindset, while management is a title.⁶

The best managers are also leaders. Their job requires them to focus on handling people, but they can bring leadership into their role by focusing on guiding and inspiring their team members instead of simply measuring their output.⁶

Incorporating regular feedback sessions and one-on-one meetings with direct reports can help managers cultivate leadership. They can use this time to talk with people about their careers and guide them to develop their skills while promoting a vision for the team.⁶

Today鈥檚 businesses face unprecedented challenges and opportunities, such as the potential disruption of jobs and new potential products presented by AI. According to the consulting firm McKinsey & Co., these changes require a shift in how you should think of leadership.

To help create sustainable growth in your organization, you need the skills to keep up with the constant reinvention of business driven by advancing technology, globalization, and the changing workforce. Modern leaders need to shift from a traditional mindset to create value in the following ways:⁷

Although generating profits will remain a core function of all businesses, visionary leaders go beyond measuring profit to considering their organization's overall impact. Consumers are increasingly concerned about spending money with companies that align with their values, so leaders will need to define a bold vision and inspire their team members to share their purpose.⁷

If you鈥檙e overly concerned about maintaining your image, you can鈥檛 bring your authentic self to your leadership position. This shift can be difficult because it requires vulnerability and openness. However, it鈥檚 necessary if you want to unleash your full potential as a leader and be adaptable in a rapidly changing environment.⁷

Many organizations are governed by strict hierarchical charts that promote a siloed approach to working. Innovative leaders need to move away from this structured top-down model and instead become catalysts who guide self-managed teams.

By fostering connection, collaboration, and communication across teams, you can cultivate trust and transparency at all levels, increasing employee engagement and satisfaction. Building a network of interconnected entrepreneurial teams throughout a larger organization can drive innovation and cultivate leadership throughout your company.⁷

Successful leaders need to be ready to navigate an increasingly complex environment that includes global challenges and change that鈥檚 advancing at an exponential pace. 香蕉视频鈥檚 Online MBA program will equip you with the skills and knowledge you need to lead top-performing organizations of all sizes.

You can learn online at your own pace and schedule, but you鈥檙e never alone. Our faculty are noted experts in their fields, but they still forge a personal connection with all of their students. You鈥檒l also learn from your peers and make valuable connections that will remain with you throughout your career.

Learn to connect profits to purpose and create meaningful relationships with stakeholders, employees, and customers by building a resilient mindset that allows you to lead effectively in a dynamic environment. Reach out to one of our today to start the application process.