In this article, the concept of leadership from the perspective of "manager-leader" dyad is analyzed by classifying different scholarly views. After discussing each perspective, paper focuses on management and leadership as different concepts and stress the necessity of both with a special emphasize on leadership. Presenting change as the differentiating factor between the two, and considering the ever changing atmosphere of the business landscape, necessity of becoming leaders by embracing change and imperative use of thinking skills instead of cushy employment of memory, is explained by paralleling an argument on the evolution of the human brain as a metaphor. And finally a short introduction to the concept of Managerial and Leadership Wisdom is presented.