1. Management regards setting strategies and coordinating efforts of employees in an organization with the aim of accomplishing the foreset objectives (Gold, Thorpe and Mumford, 2010). It involves the use of available resources to ensure that targets are met. Management ensures that risks are minimized while leadership thrives to oversee that the outcome of risks is increased. In this consideration, Laura should involve the two managers to ensure proper coordination and appropriation of the budget at hand. Due to the high turnover of employees, the available employees should have a remuneration in terms of salary. It implies that salary is directly proportional to efforts directed in research at the organization. Research should be intensified covering the areas in their objectives as well as get assistance on preparing the budget from the two managers who understand the requirements of their departments.
2. The number of employees remaining has to bear great responsibilities besides working long hours. Hence it is essential to let them know and feel valued as they deliver their duties. Laura views that employees are not working as much as they are supposed to while they feel overwhelmed. Moreover, taking them for a workshop that will help in navigating in their challenges with their additional duties will build their confidence. Rewards and encouragement play a significant role in ensuring they handle their tasks and improve their mistakes.
3. Laura and the managers need to be involved in the activities so that she understands the intensity of responsibilities. Leadership is not based on delegating only but participating too.
4. Democratic leadership will suit the organization whereby participation of all persons makes them part of the achievements and institution.

References

Gold, J., Thorpe, R., & Mumford, A. (2010). Gower handbook of leadership and management development. Burlington, VT: Gower.

 
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