WGU C483 Principals of Management 2026/2027 21pages

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 her path-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