Leadership/Power - Management Exam 3

Leading

articulating a clear vision and energizing and enabling organizational members so that they understand the part they play in achieving organizational goals

Leadership

The process by which a person exerts influence over others and inspires, motivates, and directs their activities to achieve group or organizational goals

Leader

An individual who is able to exert influence over other people to help achieve group or organizational goals

Leadership vs. Management

Management: promotes stability, order, and problem solving within existing organizational structure and systems
Leadership: promotes vision, creativity, and change

Personal leadership style

The specific ways in which a manager chooses to influence others shapes the way that manager approaches the other tasks of management.

Power

Key to leadership

Legitimate power

The authority that a manager has by virtue of his or her position in the firm

Reward power

The ability of a manager to give or withhold tangible and intangible rewards

Coercive power

The ability of a manager to punish others

Expert power

power that is based on special knowledge, skills, and expertise that the leader possesses.

Referent power

Power that comes from subordinates' and coworkers' respect for the personal characteristics of a leader which earns their loyalty and admiration.

Empowerment

The process of giving workers at all levels more authority to make decisions and the responsibility for their outcomes