Author(s): Ratish Gupta
Management and leadership exist together having to accomplish a specified objective in both and considered synonymous. Leadership being a vital part of effectual management, focuses upon creating an environment in which an individual or employee excels and develops skills. It is a crucial component of management, utilizing the ability to influence and motivate the group members in attaining goals. This influence is derived through the provision of managerial position in an organization. Organizations require robust leadership and management for optimal organizational efficiency. There is diversification in the two simultaneously, in leadership people are guided in order to achieve a specified objective whereas in management efforts are solicited to manage work. Management is the issuance of scarce resources against an organization’s aim, on the other hand, leadership is the formation of a similar vision. Leadership requires one to take risks, in contrast, management controls the risks taken. Relationships are made where leadership exists, systems are built where management plays a significant role. This paper will focus on various facets of leadership and its impact on organization culture.