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Well most of the time the terms leadership and bossism are used in the same context but as a learner of management concepts the one have to know about the significant differences between leadership and bossism. Many a time a boss may consider himself as a leader but to identify the basic difference is that a boss uses a negative approach as he/she always insist the subordinates to accomplish his/her goals or targets by his own ways and never mind what the subordinates think and most of the time the boss didn’t take even suggestions from the subordinates. Whereas, a leader uses a positive approach and care about the point of view of the subordinates and believes in work it out together. image source   wittyfeed The most significant point or characteristic of a leader is that he/she are the inspirational figures for their subordinates or followers and on the other hand a boss drives the employee to do the work and instills the fear in employee by threats and coercion whi

The factors of production consists of many factors such as land, labour, capital, entrepreneurship and management in which management is a vital factor of production, an entrepreneur may establishes the organization as its owner , but it is management that make various resources productive.they simply require the catalyst of management to produce results because it is management that coordinates various factors of production. therefore, management occupies a central place among all the factors of production. there are other factors of production too,which are money, manpower, materials, machinery and method s known as the five m's of management . these are known as the five m's of management because of there initials which is 'M' . The five M's of management are analyzed below: 1.        Money : money is the most critical and all purpose resource  because it is used to acquire or hire other resources. In organization , money is emplo