It is useful, but not yet common in our literature and discussion of business, to distinguish among leadership, management, and administration. They are in fact very different; each is valuable and has its place. Briefly, leadership is about a vision of the future and the ability to energize others to pursue it. Management is about getting results and doing so efficiently so that a financial profit or surplus is created. Administration is about rules and procedures and whether or not they are being followed. These distinctions are very important to clear communications among us about how organizations are run-when they are not made, we become very confused, as is much of the discussion around our topic.
Content: Quotation
Source: Harvard Business School (HBS) Working Knowledge
Subjects: Leadership, Management
Source: Harvard Business School (HBS) Working Knowledge
Subjects: Leadership, Management
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