Principles of Management
There has been a shift in emphasis from management to leadership in modern organizations, with the roles overlapping. This text will refresh your memory about the role of managers within the organization and distinguish them from the role of the leaders who inspire action.
Leadership, Entrepreneurship, and Strategy
Key Takeaway
The principles of management are drawn from three specific areas – leadership, entrepreneurship, and strategic management. You learned that leadership helps you understand who helps lead the organization forward and what the critical characteristics of good leadership might be. Entrepreneurs are fanatical about identifying opportunities and solving problems – for any organization, entrepreneurship answers big questions about "what" an organization's purpose might be. Finally, as you've already learned, strategic management aims to make sure that the right choices are made – specifically, that a good strategy is in place – to exploit those big opportunities.