Leadership and Management at the Coca Cola Company Essay -- Business M

Leadership and Management at the Coca Cola CompanyBusiness is an economic institution whose goal is economic Survival and whose activities atomic number 18 dominated by the profit motive.Its primary purpose is to create and satisfy a customer and make aprofit. To achieve this purpose, business must be skilfully managed.Management is defined as the art of conducting and supervising abusiness or as using judgment in business affairs. A double-decker is onewho actively directs, controls and manipulates his or her businessenvironment in a manner that takes account of the risks involved inorder to realize monetary gain.Successful business leaders have stressed that good management skills,whether in a large corporation or in a one-man(prenominal) business, are vitalto the success of a business. Many small business people may be goodat launching their venture, but short in managing the development andlater stages of the business.DIFFERENCES AND SIMILARITIES BETWEEN A MANAGER AND A LEADE RLeadership is just one of the many assets a successful manager mustpossess. Care must be taken in distinguishing between the twoconcepts. The main aim of a manager is to maximise the output of the fundamental law through administrative implementation. To achieve this,managers must undertake the following functions* Organisation* Planning* Staffing* Directing* ControllingLeadership is just one important atom of the directing function.A manager can non just be a leader he also needs formal authority tobe effective. In virtually circumstances, leadership is not required. Forexample, self-motivated groups may not require a single leader and mayfind leaders dominating. The fact that a leader is not always requiredp... ...f management style involves empowerment. In this managementstyle individuals and teams are given responsibilities and decisionsto make, usually within a given framework. If anything wrong happens indeed the individuals and teams are then held responsible for thedecis ions that are chosen. With this flake of management style itallows the manager to feel comfortable with other people in theorganization making some of the decisions. Democratic managers willoften want feed back from their employees on decisions being made.Democratic leaders listen and act on the opinions of the group. Thistype of management is good as it makes the employees happy andproductivity is high. This is very good because employees thoughtsand suggestions are listened to by the business. This makes theemployees seem as if they are respected and that their thoughts arevalid.