MT460 Unit 5 Leadership vs Management Strategic Decision Making Discussion

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gvyylorr

Business Finance

Mt460

Description

This week, you will construct a response to two (or more) of your fellow learners based on their Unit 4 Discussion Assignment essay. Your correspondence must meet the following criteria:

  • Evaluate the Discussion Assignment essay written by two of your fellow learners posted on the Unit 4 Discussion Board. Create a written response (250 word minimum) debating the facts related to leading and managing business strategy.
  • Identify the pro’s of your fellow learner’s assessment of the difference between leading and managing strategy.
  • Using a minimum of one peer-reviewed research resource in each answer response to build on the knowledge in your fellow learner’s essay.
  • Identify the con’s of your fellow learner’s assessment of leading or managing strategy.
  • Using a minimum of one peer-reviewed research resource, explain the strategy concepts your fellow learner might have missed covering the topics of leading or managing strategy in their essay.

Examine the breakdown of this Unit 5 Discussion grade using the grading rubric.

FELLOW LEARNER ESSAY:

Leadership v/s Management Strategic Decision-Making

  • Introduction

According to business dictionary.com, A manager is defined as: An individual who oversees a certain group of tasks, or a certain subset of a company. A manager often has a staff of people who report to him or her. ("Read the full definition.", 2019) Managers who possess leadership skills are more capable of successfully operating any organization.

  • Strategic Decision-making Manager: is a continuous planning, monitoring, analysis and assessment of all the necessary statics for an organization to achieve its goals and objectives. ("What is strategic management? - Definition from WhatIs.com", 2019)
  • Leadership: is an individual who creates an inspiring vision of the future, a motivator and inspires people to engage with that vision, manages delivery of the vision. A leader coaches and builds a team, so that it is more effective at achieving the vision. ("What Is Leadership?", 2019)

Great leaders understand how to balance emotion with reason and make decisions that have a positive impact on themselves, their employees, their customers and stakeholders, and their organizations. (Larina Kase, 2019)

According to cheifexecutive.net “The difference between leadership and management is risk. Leaders are comfortable taking risks that can yield great rewards. As a result, they often make difficult decisions for the good of the company. These can range from restructuring the organization to making new product offerings. Meanwhile, managers are often less comfortable with making those decisions themselves. Rather than making decisions quickly, managers tend to be comfortable asking many questions as they develop actionable plans to make leaders’ decisions a reality.” ("Leadership vs. Management - Success Lies in Knowing the Difference", 2019) Therefore, leadership is proactive. A leader takes into consideration all the necessary needs of thedir organization like problem solving, looking ahead, and not being satisfied with the things as they are. All while doing this they take into consideration the people they are leading to fulfill theses requirements. Leaders often lead by example and do not ask things of those that they personally won’t do themselves. ("What Is Leadership?", 2019)

Managers embrace process, seek stability and control, and instinctively try to resolve problems quickly—sometimes before they fully understand a problem’s significance. Leaders, in contrast, tolerate chaos and lack of structure and are willing to delay closure in order to understand the issues more fully. ("Managers and Leaders: Are They Different?", 2019)

REFERENCES:

Larina Kase, M. (2019). Great Leaders are Great Decision-Makers. Retrieved from https://gbr.pepperdine.edu/2010/10/great-leaders-are-great-decision-makers/

Leadership vs. Management - Success Lies in Knowing the Difference. (2019). Retrieved from https://chiefexecutive.net/leadership-vs-management-success-knowing-difference/

Managers and Leaders: Are They Different?. (2019).Retrieved from

https://hbr.org/2004/01/managers-and-leaders-are-they-different

Read the full definition. (2019). Retrieved from

http://www.businessdictionary.com/definition/manager.html

What Is Leadership?. (2019). Retrieved from

https://www.mindtools.com/pages/article/newLDR_41.htm

What is strategic management? - Definition from WhatIs.com. (2019). Retrieved from https://searchcio.techtarget.com/definition/strategic-management

Unformatted Attachment Preview

MT460: Unit 5 Discussion Unit 5 Discussion Grading Rubric Assignment Criteria Evaluated the Discussion Assignment essay written by two learners posted on the Unit 4 Discussion Board. Create a written response debating the facts related to leading and managing business strategy. Identified the pros of fellow learners’ assessment of the difference between leading and managing strategy. Used a minimum of one peer-reviewed research resource in each answer response to build on the knowledge in each learners’ essay. Identified the cons of your fellow learners’ assessment of leading or managing strategy. Used a minimum of one peer-reviewed research resource, explaining the strategy concepts fellow learner might have missed covering the topics of leading or managing strategy in their essay. Points Possible 2 2 2 2 2 Compliance / Clarity / Organization (50%) You are expected to meet the following requirements with ease in a 400 level course. Penalties will be calculated as a percentage up to 50% of the grade and will apply if the following criteria are not met. Works with designated fellow learner to conduct debate. - Used 250-word minimum in each response. - Applied proper APA style referencing format. - No spelling and grammatical mistakes. - Appropriate language. - Professional use of abbreviations and acronyms. Professionalism / Netiquette (100%) You are required to be professional. A grade of zero will be issued if issues arise. Demonstrated respect and consideration toward peers/instructors. Late Penalty (-20%) Total - - 10 Possible Earned Comments
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Explanation & Answer

Attached.

Running head: LEADERSHIP VERSUS MANAGEMENT
1

Leadership versus Management – Strategic Decision-Making Debate
Name:
Affiliation:
Course Code:
Instructor:
April 21, 2019

LEADERSHIP VERSUS MANAGEMENT

2
Response One

I agree with the definition provided by the first student. However, they missed the
following concept that the main difference between leadership and management is that leaders
have people follow them while managers have people work for them. In most cases the
successful business owners need to be both strong and managers in order to get their team on
board. On the other hand, strategic leadership provides the techniques that focus on the best
business practices which remain quite competitive and relevant. The most ...


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