Explains the differences between leadership and management.
This paper discusses the future of management, explains the differences between leadership and management, and describes emerging trends in management. The paper also examines the author’s perception on the four functions of management.
Each of these functions is essential to management to ensure its success, and the success of the organization. Without these functions, managers can lose focus on areas of priority, causing a decline in productivity and profits. Although these functions are important, managers must conduct themselves as leaders, and not just manage the functions. The functions are a tool that will keep managers on track, but they must also remember to be innovative, and communicate effectively.