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ECG Compliance Officer - Essay Example

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This essay stresses that the question of about the difference between leadership and management has been quite controversial. Leaders also tend to think outwards on how their policies and ideas impact the society in the sense perspective. Managers on the other hand focus on things. …
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ECG Compliance Officer
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Download file to see previous pages According to the paper leaders also tend to think outwards on how their policies and ideas impact the society in the sense perspective. Managers on the other hand focus on things. For example, the major concern of a retail manager is whether the merchandise is moving and not about the people doing the work. They also have a myopic view of attaining the targets set and do not have the bigger picture. In terms of goal setting, leadership entails the articulation of the organization’s vision. The purpose of leaders is to give their followers a reason to do something and show the followers the way to the future. Essentially, leader sees the bigger picture and rallies the followers in an effort to attain it. The role of a manager is to execute plans and strive to improve the present situation in the organization. Simply put, a manager is focused on the present situation and sees the tree rather than the forest. The type of governance that is implemented also shows remarkable differences between leaders and managers. A manager uses authority to govern the people that he/she manages. They use their position to get things done. Also, managers avoid conflicts in their organization since they feel conflicts threaten their power. In handling issues, a manager is bound to act in a responsible manner. On the contrary, leaders use influence to govern people. In fact, leaders do not need a title in order to execute their plans. Leaders use conflicts to create tighter bonds with their followers and move forward in unison. When matters of concern arise, a leader acts decisively to solve the issue immediately with the information available. Employee relations are a pointer to whether a person is a leader or a manager. Managers aim to control the staff that they are in charge of and consider them their subordinates. As previously indicated, managers are title oriented and thus endeavor exercise authority at all times. Managers tend to specialize in directing and coordinating the people they are in charge of. This paper highlights that the hallmark of leadership is empowering people to do their work. Leaders recognize their followers as colleagues and they commit to developing relationships of mutual respect and trust with them. The other unique role of leadership is to create change. Leaders are tasked with ushering people they lead into new realms of uncharted territories. To achieve this, leaders learn to do the right things as the world of change is full of uncertainties. Also, leaders serve the people they lead by putting the interests of the followers ahead of theirs. Managers run their operations by perfecting the skill of managing change. Their role is to do the right the right things after they have been given a brief. The managers endeavor to serve the wishes of their superiors at all times to ensure that their bosses are happy and satisfied at whatever costs . The organization is about to go public through an Initial Public Offering (IPO) and acquire a new company which will lead to the creation of a new department.  ...Download file to see next pagesRead More
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