MGMT 320 1st Edition Lecture 36 Outline of Last Lecture I. Early TheoryII. Modern TheoryIII. Contemporary TheoriesOutline of Current Lecture IV. Leading vs managing Current Lecture1. What leaders really doa. John Kotterb. Management: coping with complexity c. Leadership: coping with change d.e. Why leaders can’t leadi. Warren BennisThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute. ManagementPlanningorganizingCreating structureCreating jobsStaffingDesigning systemsControllingComparing goals with resultsProblem solvingSetting goalsDetailed plans & budgetsDescriptive processLeadership Setting DirectionAligning peopleCommunicating directionCreating commitment to the vision Motivating & inspiringAppealing to people's needs, values & emotionsDeveloping vision & long-term strategiesInductive process1. Competencies of effective leadersa. Management of attention i. Staying focusedii. Keeping others focusediii. Do not waste time on things that do not help to reach goals b. Management of meaningi. Communicating the vision ii. Using illustrative language – similes, analogiesc. Management of trusti. Being consistentd. Management of selfi. Knowing one’s own strength 2. Sources of leader influencea. Legitimate poweri. Comes with a job positionii. Expected response: compliance b. Reward poweri. The ability to provide rewardsii. Expected response: compliance c. Coercive poweri. The ability to punish ii. Expected response: resistance d. Expert poweri. Having knowledge of the situation at handii. Expected response: commitmente. Referent poweri. Having personality characteristics others admireii. Expected response: commitment3. Creating a culture of leadership a. Recruiting people with leadership potential b. Give people significant challenges early in their careersc. Move people laterally in the organization d. Decentralize decision makinge. Structure departments to run like small
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