The document discusses how leadership and management have evolved over time as the business environment has changed. It notes that as environments become more rapidly changing, the amount of leadership required for success increases. The document outlines key differences between management, which focuses on planning, organizing, and problem solving, and leadership, which focuses on establishing direction, aligning people, and motivating change. It also lists seven skills that will be important for 21st century leaders, such as creating vision, promoting change, and achieving personal balance.