What is the difference between "managing a team" and "building a team"?

Building = creating (or strengthening) a team

Managing = running an existing team

Managing team = the team is existing

Building team = Does not exist

And looking for competencies

Building a team is working to put together a team to work on a project or in the same  department.

Managing a team is making an existing or a team you've put togeter to work on a project or in a department.

Building is so hard as you would be looking for getting staff with acceptable experiences that you would seek.  Managing a team is more difficult as you want to make things happen and you need to be with them step-by-step.

Here are five tips for building and managing a team.

1. Have a clear goal. 

2. Hire the right people.

3. Communicate with team members.

4. Empower everyone to make decisions.

5. Engage the team with incentives and praise.

thanks for the invite

nice answers

 Managing a team means to manage a group of people in all level of operational related works which leads to reach company's goal  in a financial organization.

Building a team means to form a group of  people who apt for that particular task which leads to reach company in profit.  in that particular industry.

Managing a team is to Manage a group of trained employees that already have their experience.

while building a team is that you will search for candidates then start a training program that ends you with team you can manage to get the job done.

Team management includes organizing, motivating, developing and communicating withing the team members. However, building a team is about choosing the different skilled-members of the team that can work harmonly and consistently.  

Managing a team means coaching a group of trained team that already exist , leading them to reach a specific target 

Building a team means selecting individuals , training them , and then give them tasks  to achieve.

In both conditions there is a need of a highly committed person to manage and build 

Thanks

Building team is to establish new team from Zero level team members, team supervisor, team leader with all process which accompainging this step.

Managing team, is to put a process to plan, organize, direct, and control, and motivate a certain and already existed team to hit assigned target