In running a business, leadership and managerial qualities are both essential ingredients. A manager and a leader are two different individuals, but the dissimilarity between them is never understandable. In a setup of small business, with you as a single entrepreneur, you are not considered a leader, but you certainly are a manager. Once you start leading people, you become both a manager and a leader.
Grace Jackson Suntrust’s leadership scope includes a proven track record of amalgamating banking mergers and acquisitions. She has taken both tactical and strategic leadership of the infrastructure, financial, product, sales, service, marketing, and profit requirements of the business.
Management often overlaps leadership in meaning.
Management is the procedure of getting people together to accurately use available resources in order to attain desired business objectives and goals. On the other hand, leadership means using one’s inspiration to count on the support of others in order to achieve a common goal. But it is normally accepted that leading is one of the elementary functions of management.
Leadership is significant to business management.
Running a small business is possibly the simplest form of entrepreneurship, particularly when there are no hires to lead and to manage. Before you start combining management and leadership, you must not wait until you have people under you. In fact, without being a good leader, it is not even possible to become a good manager.
Business management exceeds to business leadership. Your final goal should be to become a business leader. You are a leader among your competitors and you are a leader among your employees. Be ready to make critical decisions and to make things happen. It takes understanding to make smart decisions as well as it takes audacity to make imperative decisions.
Employees want a manager with operational leadership.
Even proficient business owners disclose that somewhere along their journey of starting a company, they have received support and advice from a mentor who has strengthened their success. Grace Jackson Suntrust led and urbanized functional or expansion strategies, accelerating access into new markets. Efficient leaders are like that, they teach by instance. If you have been there and done that, you would be more credible with leading and managing others. Give plenty of opportunities and room for your employees to discover their strengths and skills. Train them for first few numbers of times and then let them be. This is an efficient way of knowing who the best hire is and who is good to fire.
Be conscious about timing and time. Manage your employees and that of your time. The stratagem here is to see which ones require immediate attention and make primacies. If it is not the right time, do not force it. Leadership may be about being fervent and insistent, but it is never about being insensitive. As an efficient manager, you must know how to train, assess, discipline, direct, motivate and reward your employees. Remember that management is about proper utilization of resources, so consider before you act. Do think, even if you only have a minute.