Principals of Management C483 WGU | 214 Questions And Answers Already Graded A+

vision statement - where the organization wants to be in the future Mission Statement - what the organization needs to do now to achieve the vision "Great Man" theory - certain traits determine good leadership behavioral theory - behaviors are conditioned as a result of the environment contingency theory - based on the idea that leadership styles are situational transactional theory - goals between the organization and individual must be aligned; reward system full-range theory - a component of transformational leadership which enhances motivation and morale individualized consideration - Leader attends to followers' needs, acts as a mentor or coach, listens to followers' concerns intellectual stimulation - leader challenges assumptions and tasks risks inspirational motivation -Leader articulates a vision that appeals to followers idealized influence - Leader behaves in charismatic ways that cause followers to identify with him or herpath-goal theory - it's the leader's job to assist followers in attaining goals and provide direction to ensure goals are compatible with the organization 5 main functions of managers - planning, organizing, leading, coordinating, controlling planning function of management - setting organizational goals, developing strategies to reach those goals, determining resources needed, setting precise standards Organizing function of management - the process of assigning tasks, allocating resources, and coordinating work activities, evaluate results leading function of management - -guiding and motivating employees to work effectively to accomplish organizational goals and objectives -giving assignments -explaining routines -clarifying policies -providing feedback on performance coordinating function of management - coordinate the work of others both inside the work unit and out controlling function of management - monitoring progress and correcting for any veering off the path technical managerial skills - Specific areas of knowledge and expertise and the ability to apply that knowledge