Question

Distinguish between leadership and management. What are some leadership and management skills you will need in your proposed business.

Answer 1

LEADERSHIP	MANAGEMENT
Leadership is a skill of leading others by example.	It is an art of systematically organizing and coordinating things.
It is based on Trust	Based on Control
It gives more importance to inspiring People	It gives importance to Managing activities of the firm
Proactive strategy is following	Reactive basis
It formulates the Principles and guidelines	It formulates the Procedures Policies

Leadership skills needed for a bsiness are

communication skill,influencing skill, forecasting skills,flexibility, motivating skills etc

Management skills needed are

strategic skills, organizing skills, problem-solving, communication skills etc