Question

Leadership and management are not the same thing. The three elements that help you understand the roles of each do not include

Answer 1

Leadership and management in business are not the same. Leadership focuses on setting direction and vision, while management involves organizing resources. Three elements to understand their roles are goal setting, decision-making, and relationships.

Step-by-step explanation:

In business, leadership and management are not the same thing, although they are closely related. While both involve guiding and influencing others towards achieving goals, leadership focuses more on setting the direction and vision for a team or organization, while management involves organizing and coordinating resources to accomplish those goals.

Three elements that help understand the roles of leadership and management include:

1. Goal setting: Leaders are responsible for defining and communicating the overall objectives and direction, while managers focus on setting specific, measurable goals and tasks to achieve those objectives.
2. Decision-making: Leaders make strategic decisions that shape the long-term direction of a company, while managers make operational decisions that directly impact day-to-day activities and resource allocation.
3. Relationships: Leaders build and maintain relationships with stakeholders, employees, and customers to inspire and motivate, while managers focus on building and maintaining relationships within the team and ensuring efficient workflow.