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Introduction: Leadership as a concept is a widely researched concept in an organizational context. From an organizational viewpoint, leadership is vital because it has a very powerful influence on individual and group behavior. Leadership is both a process and a property. As a process, leadership involves the use of non coercive influence. As a property, leadership is the set of characteristics attributed to someone who is perceived to use influence successfully. Leadership and Management: Leadership …

…may affect organizational performance are outside a leader's control inspite of his/her complete discretion over major organizational decisions. E.g. consider a construction firm where costs are determined by external factors like operation of commodities and labor markets, interest rates, availability of mortgage money and economic conditions over which an executive has little control. Thus, a leader's success or failure is determined by factors unique to the organization but outside his or her control.