WGU D073 Best Practices in management latest 2022/2023

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WGU D073 Best Practices in management latest 2022/2023 Vision ✔✔Clear, distinctive, specific view of organization's future Mission ✔✔Goals, values, reason for existence. Reward Power ✔�... �Power that comes from the ability to provide rewards or favors coercive power ✔✔Power that comes form ability to punish others. Referent Power ✔✔Power deriving from one's personal attraction Expert/Resource Power ✔✔Power that comes from knowledge or materials that might be gained from leader. Legitemate power ✔✔Power through "right" Behavioral Theory ✔✔Behavior can be conditioned/trained Transactional Theories of Leadership ✔✔Exchange between leader and follower. Goals of both must be aligned. Transformational Leadership ✔✔transforms employees to pursue organizational goals over selfinterests Individualized consideration ✔✔Leader attends followers concerns and needs, acts as mentor. Intellectual stimulation ✔✔Leader challenges assumptions, takes risks, and solicits followers' ideas Inspirational motivation ✔✔Leader shares a vision that is appealing and inspiring Idealized influence ✔✔Leader is a role model for high ethical behavior, instills pride and gains respect. 4 functions of management ✔✔1. Planning 2. Organizing 3. Leading 4. Controlling Objectives ✔✔specific, measurable actions, providing detail. Strategy ✔✔a plan of action Strategic Management Process ✔✔Strategic Objectives & Analysis Strategic Formulation Strategic Implementation Strategic Evaluation & Control Strategic Objectives & Analysis ✔✔Evaluation performed and strategy analyzed Strategic Formulation ✔✔Goals and objectives written Strategic Implementation ✔✔Planning stops, action begins Strategic Evaluation & Control ✔✔Performanc [Show More]

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