Here's some excepts from what John Kotter wrote in his (1990) book - 'What leaders really do': Management is about coping with complexity and 'good management', according to Kotter - 'brings a degree of order and consistency to key dimensions like the quality and profitability of products'. Leadership, by contrast, is about coping with change; and major changes are more and more necessary to service and compete effectively in this new environment. More change always demands more leadership. Being a Mgmt grad, i found the following as explained by Kotter to be, well 'simpler' :-) Management - manages complexity by Planning and Budgeting Organizing and Staffing controlling and problem solving Produces predictability, order and consistency Leadership, on the other hand - leads change by setting a direction - (Vision being the key word here) Aligning people Motivating and inspiring Produces useful 'dramatic' change