Managers and Leaders in an OrganizationAccording to a study done by the Small Business Administration (SBA), two-thirds of new business survive at least two years (Schaefer, 2010). Patrick Schaefer speaks on about a company's biggest failure begins with failed leadership. A new business lacks management expertise in areas such as purchasing, hiring employees with the right skills, and finance. Among the most successful companies in the world who foster management skills in a positive way is Costco. Businesses should consist of an equal balance of managing, and leading. Differences between leading a company and managing a company are endless.The definition of managing is the act or manner of managing; handling, direction, or control (NA, 2008). Managers are problem solvers who use resources to find a solution and always ask what problem needs to be solved or what is the best way to achieve goals set by upper management.English: Yearly U.S. spending. Direct expenditure ...b. Restatemen t of topicc. Revisitation of introduction and tying all ideas togetherF. ReferencesAnnotated BibliographyKirk, R. (1993). The Meaning of Justice. Retrieved October 9, 2010, fromheritage.org/research/lecture/the-meaning-of-justiceThis is a lecture discussing the meaning of justice and the confusion of that meaning. The author explains that many definitions of this term are different from one another. In this series of four lectures, the author discusses first the signification of this word "justice". In his second lecture the author examines natural law. In his third lecture, the author deals with criminal justice. In his concluding lecture, he quarrels with certain notions of justice that have been much puffed up during recent years.Luna, E. (2003 November/December). Overextending the criminal law. Journal of theCato Policy Report, Vol. XXV No. 6 Retrieved October 10, 2010, fromcato.org/pubs/policy_report/v25n6/luna.pdfThis journal article from Erica Luna explains...