What is the difference between management and leadership?

Management makes the systems of people and technology work well day
after day, week after week, year after year. Management controls the entire
organisation to meet the ends giving less relevance to the means to the
ends, not necessarily through employee empowerment. It reflects in its ability
to constantly change and bring about a sustainable transformation.
• Coping with organisational complexity
• Planning and budgeting
• Operational control
• Implementing strategy
• Organizing and staffing to achieve the strategy
• Controlling and problem solving to ensure strategy is implemented in a
timely manner
• Taking complex systems of people and technology and making them run
efficiently and effectively, hour after hour, day after day

Where as

Leadership creates the systems that managers manage and changes them
in fundamental ways to take advantage of opportunities and to avoid
hazards. It focuses on means as well as the ends. It truly empowers the
employees to take self-directed decisions and actions to perform the
execution of strategy. It deals with preparing the organisation to face
changes and new challenges.
• Creating vision and setting a direction for the organisation
• Formulating strategy
• Communicating with stakeholders to align them with the set vision
• Dealing with change
• Motivating and inspiring actions
• Recognising and rewarding people