Management and leadership, two interconnected features
Management is basically about achieving the desired outcome with available resources, while leadership in a business context is management plus certain other essential elements. These include the following, among other things:
1. Building a sustainable model in an organization:
This primarily requires a team, and a work culture that is different from routine management.
2. The ability to shape the world around you:
An ability to envision and bring to reality an understanding of the world of a specific market at present as well as in the days to come.
So, to me management is a necessary condition for leadership, while not being the exclusive preserve of it.
Graduating from management to leadership
After my Ph.D. at Massachusetts Institute of Technology, I joined McKinsey & Company, the management consulting company, where I worked for five years, specializing in developing e-business and IT transformation strategies. I had joined as an associate and became a manager at the end of the second year. I have been in management since that time.