Final answer:
Leadership, entrepreneurship, and strategic management address the 'how' in terms of organizing resources, influencing people, and implementing strategies for successful business management in an economy.
Step-by-step explanation:
In the context of principles of management, leadership, entrepreneurship, and strategic management collectively address the question of 'how.' Leadership concerns itself with how to influence people and guide them toward the accomplishment of goals. It involves various styles, such as transactional and transformational, with the purpose of overseeing and motivating teams effectively. Entrepreneurship, on the other hand, is about how to innovate and take risks to start and manage new business ventures, from sole proprietorships to corporations. Strategic management encompasses the long-term planning and execution of strategies to achieve organizational objectives, fundamentally concerning itself with how the organization will compete in its environment and achieve its vision.
The economic questions of 'what, how, and for whom' are generally about how resources are allocated in society or in an economy. In terms of a business or organization, 'how' to organize resources effectively is central to leadership and management practices for creating value and achieving efficiency. This ensures that businesses contribute to the gross domestic product (GDP) and manage economic factors like inflation and unemployment, responding strategically to the business cycle and environmental changes.