In the trouble time of one company, which skill do you prefer? Leadership or Management?

Thanks all, in my point of view, one company normally have 3 biggest assets: Human Resource, Money, and Equipments. So, in the tough time, Money is less, Equipments are very costly to maintain, and the company has only HR remained.

The roles of Leader here are really important:
* He has full energy to work to be a good example for the others.
* He's still think positive and have a long-term view about bright future to give out solutions, and be humor, sympathy enough to involve other people into his activities.
* He's very patient in Coaching & Training his staffs.
* He's a good listener to his staffs and flexibly supply their needs as much as he can.
* He can work under high pressure putting on by high level managers or customers, but he just assign effectively tasks for staffs and lead them do it without pressure.
* And of course, he will be the one who still wanna contribute and commit to contribute for his company whenever company still operates.

I met 3 Leaders like that, one in Hanoi, and two others in HCM, and I resume a bit of their characteristics.
Could you please give out more characteristic of Leader? (Also Manager)

At anytime any company needs leaders and managers. A leader must inspire trust and confidence and must demonstrate skills to ensure the team can rely on him to secure the business.
A good leader will "take people with him" to get to the goal.
And good managers will execute and ensure the plans are applied.
You still need both! Leaders and Managers!

Looking outside of the box, in a bigger organization all managerial positions should be filed by a leader. The CEO is a leader, the Finance Director need to lead its team, the HR as well.... Leadership skill is a must in any case.

Leadership, without question. People follow leaders and particularly when troubled times come, which they always will, leadership must take precedent to ensure clear direction and steer a path through the troubled times. It does not take away the need for management, that is still required for process and day to day things, but management and leadership are two very different skills and bring different things to a company.

As my opinion, Leadership is more important.

Yes, management skills are always required. But the role of a Leader is so much important in tough time since he/she must:
- giving the right ideas/solutions
- make people excited and get involved with your ideas so they'll follow and stay with you
- get more people join and recruit the best talent
- coaching and training your people