QUESTION 1 Leadership and Management People often mistake…QUESTION 1 Leadership and ManagementPeople often mistake leadership and management as the same thing but in essence, they are very different. The main difference between the two is that leaders have people that follow them, while managers have people who simply work for them. Particularly in small businesses, for a small business owner to be successful they need to be both a strong leader and manager to get their team on board with working towards their vision of success. Leadership is about getting people to comprehend and believe in the vision you set for the company and to work with you on achieving your goals, while management is more about administering and making sure the day-to-day activities are happening as they should.Leadership and management must go hand in hand. They are not the same thing, but they are necessarily linked and complementary to one another. Any effort to separate the two within an organisation is likely to cause more problems than it solves. For any company to be successful, it needs management that can plan, organise and coordinate its staff, while also inspiring and motivating them to perform to the best of their ability.(Source: Advantage Human Resource (HRD press & Lakewood Publication) Based on the scenario above, you are required to:- Select ONE (1) industry from the list below. List of Companies and Industry (choose ONE only) : DIGI and MAXIS – Telecommunications industry KRAFT HEINZ and F&N BEVERAGES MARKETING SDN BHD- Food & Beverage industry WALMART and AMAZON – Retail industry HARTALEGA INDUSTRIES SDN BHD and TOP GLOVE SDN BHD – Manufacturing industryquestion Research TWO (2) latest news and activities about each company (economic, covid-19 pandemic issue, technology, politic, sociology and relevant current 2021 issue) and its leadership management practice in the same period of time and strictly pertaining to management aspects. Examine how the interest of stakeholders were positively and negatively affected in the perspective of leadership in management. Evaluate how “ethical” are the business practices in the company and support your justification by applying FIVE (4) leadership theories (2 theories for each organization). Propose FIVE (5) good and effective leadership practices that should be undertaken by the top management from the selected organization. Engineering & TechnologyIndustrial EngineeringOperations Management
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