MGT 415 Final Exam Review. Full Coverage. Rated A+

MGT 415 Final Exam Review. Full Coverage. Rated A+ Great Man / Trait Theory - --belief leaders are born not made -certain traits differentiate leaders -little evidence to support -leaders can have different qualities -BigFive -personality traits help us show who could emerge as a leader -traits alone cannot explain effective leadership Contingency Theory / Situational Theory - --inconsistencies in research -determine what makes leaders effective -not a lot of flexibility in style of leadership -reliant on something -right person in the right situation -effective leadership depends on leader X situation -no one best way to lead - contextual -specific theories (fielder, path-goal etc.) Behavioral Theory - -****consideration and initiating structure -failed to take situation into account -success of a leader is based on how they behave -you could train people to be leaders initiating structure - -likely to define and structure their role and those of employees in search for goal attainment consideration - -likely to have job relationships that are characterized by mutual trust, respect for employee's ideas and regard for their feelings Leader-member exchange theory - --in groups vs out groups -dynamic between leader and followers based on quality of exchange / relationship in groups - -more like leader and given more attention out group - -abuses power and given a lot of burden advantages of new models of leadership compared to early theories of leadership - --different aspects of leaders -highlights importance of emotions -looks not at what leaders do but how they communicate, inspire and create change Charismatic leadership - --emerge in high crisis situations -vision= long term strategy to reach a goal (gives direction) -combination of traits- self-confidence, energy, conviction about ideas, expressiveness, extraordinary communication abilities -absolute confidence, positive emotion, high enery -triangle between leader characteristics, situation characteristics and follower characteristics Transactional leaderhship - --exchange -contingent reward mgt by exception fallback: extrinsic reward Transformational leadership - --use personal traits to go beyond exchange of resources -charisma -- trust -intellectual stimulation -- seek solutions -individual consideration -- feeling of being special -not simple to teach and different for each leader -intrinsic -change -4 I's (inspiration, intellectual, individual consideration and influence) -how to change direction Authentic leadership - --understand your own strengths and develop them -practice solid values -lead with heart -connect with followers