D073 WGU-Management vs Leadership Best Practices in Management Questions and Answers Graded A+

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D073 WGU-Management vs Leadership Best Practices in Management Questions and Answers Graded A+ Autocratic leader -✔✔ One with absolute power. Trait Theory -✔✔ "Great Man Theory" Born as a ... leader Behavioral Theory -✔✔ Effective leaders focus on influencing the performance and motivation of their employees. Job-Oriented Theory -✔✔ Focus on helping employees improve their job performance. Situational Theroy -✔✔ Leadership style is adapted to fit the situation of the employee. Emergent Theory -✔✔ Leaders emerge naturally from within the group. Holocracy -✔✔ Decision making is distributed throughout the team. Contingency Theory -✔✔ Predicts that effective leaders are those whose personal traits match the needs of the situation Transactional Theory -✔✔ Exchange between two parties. Leadership Style - Anti-change -✔✔ Seeks to avoid change. "Stay the course. Keep adjusting small. No need to change in any major way." Leadership Style - Rational -✔✔ Focuses on how to constrain and control change with the logical planning and clearly defined steps. Leadership Style - Panacea -✔✔ Responds to pressure for change is to communicate and motivate. Have an understanding to the resistance of the change and has enthusiasm for change. Leadership Style - Bolt on -✔✔ Regains control of change by attaching change management techniques that create a response to pressure for change. Leadership Style - Integrated -✔✔ Use structure and discipline. Understands the culture, roles, capabilities, and attitudes of it's people. Leadership Style - Continuous -✔✔ Creates and agile and quick responding organization that can quickly anticipate threats and seize opportunities. Strategic Management Process - 4 stages -✔✔ Strategic Objectives, Strategic Formulation, Strategic Implementation, and Strategic Evaluation. Strategic Management Process - Strategic Objective -✔✔ SWOT & PESTEL SWOT -✔✔ Strength, Weakness, Opportunities, Threats PESTEL -✔✔ Political Economic Social Technological Environmental Legal Strategic Management Process - Strategic Formulation -✔✔ Goals and Objectives written on the information from SWOT and PESTEL Strategic Management Process - Strategic Implementation -✔✔ Planning stops and action begins. Employees know their assignments, responsibilities, and authority. Strategic Management Process - Strategic Evaluation & Control -✔✔ Performance measurements to determine progress and milestones. Corrective actions can be used if results are verified from the plan. Competitive Strategies - 3 Types -✔✔ Cost Leadership, Differentiation, and Market Segmentation. Competitive Strategy - Cost Leadership -✔✔ Ability to create Economies of Scale. Being able to produce a product in a large amount for an efficient price. Competitive Strategy - Differentation -✔✔ To create a product or service that is unique and it satisfies a specific target market. Focused on branding. Competitive Strategy - Market Segmentation -✔✔ Identifies a specific target group of customers that are not being satisfied by competition. The organization uses both differentiation and cost leadership. This approach describes a company that is focused only on economies of scale. Factors of Cultures - The Paradigm -✔✔ Management determines both the mission and vision of the organization and sets the groundwork for the values that employees are expected to align with. Communication is critical. Factors of Cultures - Control Systems -✔✔ Behavioral expectations are laid out explicitly for employees to read and understand. [Show More]

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