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Bill George, former Chairman and CEO of Medtronic and currently Professor of Management Practice at Harvard Business School, made quite a point of looking at the Leadership and Management distinction.

Management is proving the map by which people can find the way, Leadership is providing a compass.” 

The goal is to find “true north” or keeping focused on the core aims of the enterprise. Definitely one for the distinction list (up to #22 now).

While leadership provides the core compass, he made sure to underscore the equal role management played in success. “Management changes and change is a good thing…All change, yes all change. It enables opportunity. And Leaders and Managers need to show the way, not merely to find the way.”