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Essay / Research Paper Abstract
An 8 page paper that discusses the differences between management and leadership. This is a topic that has been discussed at length in the literature. The paper also discusses leadership and management at Bank of America. Bibliography lists 12 sources.
Page Count:
8 pages (~225 words per page)
File: ME12_PGbofagl.rtf
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Unformatted sample text from the term paper:
is that companies refer to their top executives as the management team but these are the leaders of the company. Another source of confusion is that leaders need to be
able to manage and managers need to be able to lead. The paper also discusses leadership and management at Bank of America. This is a huge, multinational corporation which
means that global management is also important to the Bank. Leadership and Management Volumes have been written about the differences between management and leadership. McNamara (2008) suggested
that leaders always have the vision, they establish the direction for the company and they are able to influence others to accept that vision and work towards it. When discussing
what management is, Stanley (2004) suggested that "management is a profession that deals with human behavior. With this in mind, simple, accurate and sweeping generalizations are impossible" (p. 12). Another
expert, Kotter (1996), said that "management is a set of processes that can keep a complicated system of people and technology running smoothly" (p. 25). He described leadership as a
set of processes that creates organizations in the first place or adapts them to significantly changing circumstances" (Kotter, 1996, p. 25). Kotter summed up his ideas in an interview when
he said that management is about "coping with complexity [while] leadership is about coping with change" (Bencivenga, 2002). Team Technology (2010) asserted that Leadership is about setting vision and
new direction for the group and management is involved with controlling and directing people according to the principles and values that have been established (Team Technology, 2010). This definition suggests
that one sets the vision and the other carries it out. An important thing to remember about leadership and management is that leaders sometimes manage and managers sometimes lead.
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