The aim of this study is to investigate leadership in sports organizations and business organizations. The study focused on common and important leadership components and the most important leadership processes in both business context and sports context. The study also investigated common and important leadership components, leadership challenges and which degree leaders used the transformative leadership. The study focuses on leadership components most importantly from the leaders view, including both sport managers and business leaders. The investigation was based on eight interviews, which are analyzed with content analysis. The theoretical frame of this study is based on a literature analysis of the most common findings in the field of leadership studies over the past decade. The findings show that the (1) most frequent leadership components are social skills, coaching skills and strategic skills, (2) that a great part of the leadership components included in the transformative leadership is a part of the interviewed leaders leadership and (3) that the most important leadership skills for sport managers is communication and being distinct, and for the business leaders feedback and communication. The findings also showed that business managers and sport managers had much in common regarding leadership, even though the study displayed some differences.