Future of Management

Future of Management Future of Management Page 1Future of ManagementMGT 3303 November 2003Future of Management Page 2AbstractAs the business world continues to adapt and change future managers will need a new approach separate from the traditional role of management. Management and leaders alike will have challenges to contrast bigger, better, and faster concepts.Future of Management Page 3Future of ManagementManagement is someone who plans, organizes, leads and controls the people and the work of the organization in such a way the organization achieves its goals. All to often the terms leadership and management are used interchangeably . However, these words actually describe two different concepts. Leadership is just one of the many assets a successful manager must possess. Leadership is just one important component of the leading function. A leader is someone who people naturally follow through their own choice, whereas a manager must be obeyed.English: Harvard Business SchoolLeaders have drive and a high desire for achievement. They also realize that in order to fulfill their vision, they need to set a series of goals that will help them to do so.Effective leaders are goal orientated and want to lead. They like being in control and prefer a leadership role rather than a subordinate role. Although many manager set goals and follow through with them the difference is that leaders are instrumental in influencing vision and setting goals. The difference in a manager and a leader is the leader does what ever it takes to accomplish his goals that take self-control and discipline.An example is Bill Gates even though he was accepted...