What is the difference between leading and managing?

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Business Finance

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 What is the difference between leading and managing? Leadership is one of the most important issues facing organizations today due to the rapid changes occurring in every facet of our lives. As a result, a large body of literature has emerged that explores how to guide people to achieve common goals in a wide variety of settings. When working in a matrix environment, your project’s success depends on your ability to organize, coordinate, and support a diverse team that’s working toward a common goal. Often these people come from different areas of your organization, have different operating styles, and don’t report to you administratively. Successfully guiding such a group requires both vision and structure. On the next few slides, we discuss tips for aligning, focusing, and motivating the people supporting your project in order to maximize the chances for your project’s success. To do this, we must first understand that leadership and management are two related but distinct sets of behaviors for guiding and supporting people through the stages of a project life cycle. ▪ Management focuses on creating plans and assessing performance ▪ Leadership emphasizes defining a vision and encouraging other people to help make that vision a reality ▪ Management focuses on systems, procedures, and information ▪ Leadership focuses on people ▪ Management creates order and predictability ▪ Leadership facilitates change ▪ Leadership is earned by your ability to influence your team to performance, demonstrating your competence, and communicating a clear vision to the project team When planning your project, explore the “why” of the project (a leadership issue) to help elicit people’s buy-in and commitment. Also explore the “what, when, and how” (management issues) to develop a feasible approach for successfully achieving the project’s goals. When organizing your project, clarify who will support the different project activities (a management task) and help them get excited about doing it (a leadership task). Furthermore, continually let people know how the project is progressing and deal with any problems you encounter along the way (management tasks). Remind people of the project’s benefits and acknowledge their contributions to the project’s success (leadership tasks).
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