Principals of Management C483 WGU | 214 Questions and Answers(A+ Solution guide)

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 human relations skills - the ability to understand human behavior, to communicate effectively with others, to listen to the ideas of others, and to motivate individuals to accomplish their objectivesconceptual skills - the ability to view the organization as a whole and understand how the various parts are interdependent as well as assess how the organization fits into its external environment, how it relates to its competition in the same industry, and how it produces value for the customer