Both are critical, but leadership takes precedence over management. Leadership is at the heart of a well-balanced organisation. We must combine our enthusiasm and vision with rigorous processes when building our enterprises.
To be a leader, employees do not need to be in management. It is a frequent fallacy that leadership is solely concerned with the supervision of others; nevertheless, this is not a necessary quality of leadership. Leaders can be found at many levels of a company.
The fact that leadership always entails (leading) a group of people, but management just needs to be concerned with accountability for things, is a significant contrast between the two (for example IT, money, advertising, equipment, promises, etc).
What's the difference between management and leadership? Being a manager and a leader at the same time is conceivable. Keep in mind, however, that just because someone is a strong leader does not indicate they will be a great manager or vice versa.
A manager keeps things the same, whereas a leader changes things. Although all jobs have their time and place, leadership is the source of constructive growth. As a result, managers must try to be leaders at all times.
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