Leadership can be defined as influencing others through both formal and informal means to achieve shared objectives. Formal leadership stems from a person's position, while informal leadership comes from personal skills and qualities. There are different types of power that leaders can utilize, including legitimate power from their role, as well as reward, coercive, expertise, and referent powers. Key traits of strong leaders include ambition, motivation, honesty, self-confidence, and a high need for achievement. High performing leaders are productive and accomplish goals, while low performers do not maximize opportunities. Leading focuses on long-term vision and change, while managing emphasizes maintaining the current system and process.

1. Leadership can be defined as both the ability and the
process of influencing others to make them understand
what needs to be done and to work at their best to
accomplish the shared objectives. Leadership has two
forms: formal leadership and informal leadership. Formal
leadership is influence over other people because of a
person’s appointed or elected position. On the other
hand, informal leadership is influence over other people not
because of a person’s position, but due to his or her
special skills or qualities as a person

4. ❑ Legitimate Power – coming
from a formal management
position in an organization
❑ Reward Power – Potential
to impact others based on
control over the distribution
or rewards or desired
resources
❑ Coercive Power – authority
to punish or recommend
punishment
❑ Expertise Power – person’s
special knowledge or skill
regarding the tasks being
performed.
❑ Referent Power – personal
characteristics that
command other’s
identification, respect, and
admiration so they wish to
emulate that individual.

6. ❑ Ambition- a clear sense of what one wants to achieve in
one’s life
❑ Motivation-an inner drive and energy to accomplish an
objective
❑ Honesty-a high sense for truth, transparency, and integrity
❑ Self-confidence-a strong belief in one’s inner strengths and
capabilities to get a job done or to achieve a target goal
❑ High need for achievement- a commitment to excel or to
reach a worthy goal

7. ❑ High performing leaders – productive and have
accomplished a greater number of concrete
outputs or project deliverables to the company.
They measure their leadership success by
achieving a high performance record
❑ Low performing leaders – These leaders have
produced concrete outputs, but they have not
maximized opportunities to produce more for the
company

8. Difference between leading and managing