APPLIED MANAGEMENT: A CASE STUDY OF TESLA

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Applied Management: A Case Study of Tesla

Introduction

Leadership denotes the ability to impact and motivate a group towards attaining set objectives; in contrast, management describes the capacity to oversee and make sure that daily activities align with organizational goals. All of these indicates that leadership is a significant component of effective management since it emphasizes building a conducive environment that supports career and professional development of a workforce. Content creation and appreciation of change are among the absolute differences between leading and managing. Leadership is essential in an organization since managers are only real if they have traits of leaders. Tackling obstacles, treating failure as lessons, constantly striving for better, depicting devotion to the brand and prioritizing learning show how Tesla applies leadership.

Differences between Leadership and Management

Managers generate goals, while leaders come up with visions. Discussing Alvesson and Spicer Leadership Theory, Pitsis (2011) posit that leaders outline a picture of what they think is probable, subsequently inspiring their people to actualize that vision. Contrarily, according to Bush, Bell, Middlewood (2019), managers set, quantify, and attain set organizational goals. All of this shows that leadership encompasses thinking beyond what an individual should do, while management includes a person controlling a situation to reach or surpass their objectives. Content creation is not the only difference in traits between leaders and managers but also their impact on an organization.

Leaders prompt change in organizational culture, while managers protect and preserve the status quo. According to Willis, Clarke, and O'Connor (2017), the Great Man Theory explains that leaders are proud disrupters since they prioritize innovation and acknowledge that change to a system has a ripple effect. In contrast, Bush, Bell, Middlewood (2019) postulate that managers prefer sticking with what works, by augmenting processes, structures, and systems to maximize productivity. Therefore, leadership entails people embracing change, knowing that there is always an alternative while management involves workers focusing on making pre-existing processes better. Willingness to accept change in organizational operations is another example of traits that distinguish leaders and managers.

Leadership or Management

Leadership and management are essential in an organization, but naturally, leading is superior to managing. According to Rothaermel (2016), leadership is a more extensive and deeper role than management as outlined by the typical responsibilities. Majority of well-balanced enterprise prioritize leadership in the implementation of corporate practices. Leaders aids firms and persons to prosper, while a managers’ ultimate achievement results from making work systems more effective. Leadership natures answerability, commitment, and loyalty, for that reason, leaders influence, motivate, and inspire their work teams, supporting them to reach their highest probable output. Examining Transformational Leadership Theory, Thorpe and Gold (2016) explain that through...