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The Making of a Manager: What to Do When Everyone Looks to You

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A simple way to describe the difference between position and status would be to say that while managers have subordinates, leaders have followers. Subordinates report to managers because they’re required to by their work duties. Followers come to a leader because they choose to. The major factors that constitute the general environment include political situations, economic conditions, social and cultural factors, technological advancements, legal/regulatory factors, natural environment, and demographics in a particular country or region. Internal issues (workplace environment, psychological climate, culture and values, current work processes) and external issues (the place of your company in the market, communication with customers and investors).

Decisional Roles – Types of Managerial Roles - Management Notes Decisional Roles – Types of Managerial Roles - Management Notes

Industry environment comprises those factors in the external environment that exists in tie concerned industry of a firm in which it is operating its business. The internal environment consists mainly of the organization’s owners, the board of directors, employees, and culture.However, there may be exceptions. The external environmental factors reside outside the organization, which can lead to opportunities or threats. The increasing demand for telecommunication services in India post-deregulation was an enormous opportunity for early entrants to enter the telecom services business and compete for revenue with state-owned organizations. The industry environmental factors, on the other hand, are those factors in the external environment that specifically reside in a particular industry and affect competition, such as suppliers, customers, competitors, and substitute products.

Decision-Making : Definition, Importance and Principles Decision-Making : Definition, Importance and Principles

They need to recognize that the external environment has many aspects that can significantly impact a firm’s operations. They need to undertake an analysis of the environment regularly. Leader” has nothing to do with titles. Leadership is not tied to any position – an employee of any hierarchical level can demonstrate leadership skills and cause change to happen. "A great leader’s courage to fulfill his vision comes from passion, not position." John Maxwell, author and speaker. Core purpose. This is the organization’s “reason of being”. This reason is deeper than making money. For example, the purpose of Mary Kay is “to give unlimited power to women,” and the purpose of Wal-Mart is to give ordinary people a chance to buy the same things as rich people.A strong culture helps a firm achieve its goals better than a firm having a weak culture. Culture in an organization develops and ‘blossoms’ over many years, starting from the practices of the founder(s). Yet, it would be fair to say that the role of leadership is more special. Without effective leadership, a company risks losing its direction and purpose – or will not develop them at all. Besides, it is leadership that helps companies live through tough times. And this is why it’s so important to differentiate between these two concepts.

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