Future of Management

In today's emerging economy, the best companies require managers with strong management skills, as well as outstanding leadership abilities. According to the current wisdom, managers are principally administrators--they write business plans, set budgets and monitor progress. Leaders on the other hand, get organizations and people to change. That i's true, as far as it goes, but there is a more useful distinction between management and leadership: Management is a function that must be exercised in any business, whereas leadership is a relationship between leader and the employees that can energize an organization. Both management and leadership skills are essential for keeping a solid foundation during today's rapidly changing business world.
Of course, the management function can include problem solving and facilitating meetings as well as the traditional bureaucratic tasks. …