The quick economic expansion of Asia and the development of African states in recent decades is one of the most significant events in history. This expansion continues today and there is every cause to expect that it will continue ad infinitum unless disrupted by probable but unlikely global divergences. At the core of the Third World economic development is its business leadership – managers and industrialists who carry on and create companies and entail more principles of controls in organizations. It is practical, but not yet common in the literature and conversation of business, to differentiate between leadership, control, and administration. They are in fact very various; each is precious and has its place.
Temporarily, leadership is about a dream of the future and the capability to invigorate others to follow it. Management is about obtaining consequences and doing so professionally so that a monetary profit or surplus is made. Management is about rules and practices and whether or not they are being chased. These differences are rather significant to clear announcements among us about how companies are controlled – when they are not created, teams become rather puzzled, as is much of the conversation around the topic.
The substance and significance of leadership mainly in companies are much distinguished. The far-reaching and strong impacts of management in organizational life have been recognized. In line with its significance, the literature in organizational performance today is fraught with leadership studies. The experience has been various theorizations and conceptualizations, partly possessing to its importance and partly due to the lack of completeness of various theories. Almost all the major hypotheses in their enthusiasm to research leadership, have overlooked the feature of followership which is forever implied in the idea of leadership. Unreservedly or openly, they all concentrate on the team members as a collectivity. That is all the members under a leader are treated as a harmonized group, who get standard treatment from their leader and who react cooperatively.