Managers And Leaders In An Organization Mgt 330 January 2011

1813 words - 7 pages

Managers and Leaders in an OrganizationAccording to a study done by the Small Business Administration (SBA), two-thirds of new business survive at least two years (Schaefer, 2010). Patrick Schaefer speaks on about a company's biggest failure begins with failed leadership. A new business lacks management expertise in areas such as purchasing, hiring employees with the right skills, and finance. Among the most successful companies in the world who foster management skills in a positive way is Costco. Businesses should consist of an equal balance of managing, and leading. Differences between leading a company and managing a company are endless.The definition of managing is the act or manner of managing; handling, direction, or control (NA, 2008). Managers are problem solvers who use resources to find a solution and always ask what problem needs to be solved or what is the best way to achieve goals set by upper management. Managers manage in a dependable way in which follows the company's structural philosophy. Managers tend to order people around."Managers do things right, while leaders do the right thing." (Pizano, 2010)Managing is the process of bringing people together to accomplish goals set forth by upper management. People obey orders from a manager. A manager's position is more of an authoritative position. People may not be as motivated to work without management instructing a person to do. Employees may do just enough to pass by and not work harder than what they are capable of doing. Companies can lose money by a strong workforce.Leaders envision an idea to implement within a company. Managers do everything by the book. Leaders step out of boundaries to figure other ways of accomplishing goals. Instead of management ordering people around, leaders use charismatic ways of leading a team. Leaders use passionate ways of to motivate employees."Leaders stand out by being different. They question assumption and are suspicious of tradition. They seek out the truth and make decisions based on fact, not prejudice. They have a preference for innovation." - John Fenton (Pizano, 2010)People who work under a leader follow a leader's vision by choice. People are more loyal to a leader then to a manager. A leader's role is more like a coach who helps people understand what their role is within the company and the vision set forth by the company. People under a leader will do more than average work. Leaders encourage employees to be a part of a team and not just another worker.Costco officially opened in 1976 under the name Price Club by Sol and Robert (son) Price. The company focused on serving small businesses until they figured they could expand to selected non-business customers. In 1983 Kim Sinegal, the executive vice president of Price broke from Price Club and opened Costco Wholesale Corporation. As time went by, the two companies faced growing competition the two companies decided to merge into one company forming the new company...

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