“Leadership is different from management, but not for the reasons most people think. Leadership isn’t mystical and mysterious. It has nothing to do with having “charisma” or other exotic personality traits. It is not the province of a chosen few. Nor is leadership necessarily better than management or a replacement for it. Rather, leadership and management are two distinctive and complementary systems of action. Each has its own function and characteristic activities. Both are necessary for success in today’s business environment. Management is about coping with complexity. Its practices and procedures are largely a response to the emergence of large, complex organizations in the twentieth century. Leadership, by contrast, is about coping with change.”

Excerpt from Harvard Business Review’s summary of “What Leaders Really Do.”

Leadership Functions Management Functions
Vision Planning
Strategy Budgeting
Communicating Staffing
Motivating and Inspiring Organizing
Creating or changing systems and behaviors to produce much better outcomes Controlling
Problem-solving

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