Leadership is just one of the many assets a successful manager must possess. Care must be taken in distinguishing between the two concepts. The main aim of a manager is to maximize the output of the organization through administrative implementation. To achieve this, managers must undertake the following functions:
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organization 
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planning 
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staffing 
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directing 
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controlling 
Leadership is just one important component of the directing function. A manager cannot just be a leader, he also needs formal authority to be effective. “For any quality initiative to take hold, senior management must be involved and act as a role model. This involvement cannot be delegated.” [1]
In some circumstances, leadership is not required. For example, self motivated groups may not require a single leader and may find leaders dominating. The fact that a leader is not always required proves that leadership is just an asset and is not essential.
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Heinz & Horald Koontz ‘Management (A Global Perspective )10th Edition’ 
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