In today's emerging economy, the best companies require managers with strong management skills, as well as outstanding leadership abilities. According to the current wisdom, managers are principally administrators--they write business plans, set budgets and monitor progress. Leaders on the other hand, get organizations and people to change. That i's true, as far as it goes, but there is a more useful distinction between management and leadership: Management is a function that must be exercised in …showed first 75 words of 787 total…

…showed last 75 words of 787 total…else, is to inspire other people to believe enough to commit time and resources to an unproven company and product. Start-ups many times are intensely led and under managed, so that enthusiasm leads to unplanned problems, overspending and missed deadlines. There are many different ways to exercise the management function and people are willing to follow different leadership styles. Although there are many good examples of management and leadership, there is no one best way.