Briefly define the concepts of management and leadership and explain at least two differences between them

Leadership is the potentiality to influence behaviour, primarily towards group encouragement towards short term goal realisation & also motivating them them to achieve long term visions.

Management is the letting work done by strategisation, organisation & coordination of people & activities to achieve defined objectives.

Differences between Management & Leadership:

Leadership includes establishing strategic decision & refining vision. Management includes planning & budgeting, developing processes & setting timelines.

Management as in idea has more essence of focusing on objectives, tends to mitigate risks. Leadership as an idea is based on vision & relationship enhancement, taking risky decisions for it.

Managers plan, allocate & synchronize individual efforts in line of objectives. Leaders motivate, encourage & energise individuals in line of the vision.