The words “leadership” and “management” are often used interchangeably in business operations today. While the responsibilities of leaders and managers can overlap at times and both roles are essential to business success, there are crucial differences between “leading” and “managing” effectively.

What are the differences between these terms and why is it an important distinction to make? To help make the distinction clearer and provide clarity into how these roles impact a workplace and employees, 20 Forbes Business Council members offer insight on differentiating between “leading” and “managing.”

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