Cultural Dimensions of Leadership
February 12, 2025
A reinsurance contract is essentially a contract between a ceding insurance company as well as a reinsurance company. Under plain vanilla reinsurance contracts, the premiums, as well as risks, are transferred proportionately from the ceding insurer to the reinsurance company. In some cases, this arrangement is not acceptable to one or both of the parties. […]
The volatility present in the market is always mentioned in a negative manner. However, if one looks carefully at the function performed by market volatility, this negative connotation seems unnecessary. This is because, in the absence of volatility, making profits would also be impossible. It is this volatility, which enables the fluctuation of prices that […]
Dressing plays an essential role in public speaking. It is the way you dress which speaks volumes about your personality and confidence. A public speaker needs to dress as per the occasion, time and season. If you are addressing your office colleagues during the office hours, it is essential to stick to formal dressing. You […]
The fall of American giants such as Sears and Toys R Us has brought the focus back on vulture capitalists. People react negatively when they hear about private equity firms who have profited off the misery of other weaker firms. This is the reason why they have coined a derogatory term for the companies. This […]
We live in a world where increasing complexity is the order of the day and the business landscape is characterized by a rapid turnover of companies which find themselves dethroned from their position because of outmoded thinking or anachronistic strategies. For instance, Nokia and RIM (the maker of Blackberry) were at the top of the […]
Leadership and management are the terms that are often considered synonymous. It is essential to understand that leadership is an essential part of effective management.
As a crucial component of management, remarkable leadership behaviour stresses upon building an environment in which each and every employee develops and excels.
Leadership is defined as the potential to influence and drive the group efforts towards the accomplishment of goals. This influence may originate from formal sources, such as that provided by acquisition of managerial position in an organization.
A manager must have traits of a leader, i.e., he/she must possess leadership qualities. Leaders develop and begin strategies that build and sustain competitive advantage.
Organizations require robust leadership and robust management for optimal organizational efficiency.
Leadership differs from management in a sense that:
Leadership, on the other hand, is an art. In an organization, if the managers are required, then leaders are a must/essential.
Leadership sees and evaluates individuals as having potential for things that can’t be measured, i.e., it deals with future and the performance of people if their potential is fully extracted.
The organizations which are over managed and under-led do not perform upto the benchmark.
Leadership accompanied by management sets a new direction and makes efficient use of resources to achieve it.
Both leadership and management are essential for individual as well as organizational success.
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