Question 1:

Leadership and management are two distinctive complementary systems of action. Both are necessary for the success in an increasingly complex and volatile business environment.

Is this a valid statement? Explain the reasoning behind your answer, using examples to support your argument.

Question 2:

An expanding business is willing to analyze the external environmental factors before setting up its operations in a new location or before entering a different industry. To ensure systematic analysis, management models are frequently used. What models would you suggest? Explain, using examples, the relevance of different elements in the models.