TAILIEUCHUNG - Lecture Principles of Management: Chapter 16 - Charles W.L.Hill, Steven L. McShane

In this chapter, the learning objectives are: Explain why good leadership is critical for success as a manager, summarize the main theoretical approaches to leadership, identify the behaviors and skills that are commonly associated with effective leadership,. | chapter 16 Effective Leadership McGraw-Hill/Irwin Principles of Management © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Learning Objectives Explain why good leadership is critical for success as a manager. Summarize the main theoretical approaches to leadership. Identify the behaviors and skills that are commonly associated with effective leadership. Explain how the right approach to leadership might be influenced by important contingencies. Discuss the differences between transformational and transactional leadership. Managing & Leading Leaders Managers “Doing the right things” “Doing things right” Focuses on preserving the status quo Focus on vision, mission, and goals Learning Objective 1: Explain why good leadership is critical for success as a manager. See Text Page: 404 CEO Pay AVERAGE annual CEO pay is $ million, 369 times average worker pay of $28,310. In 1970, before the big run-up, the multiple was 28:1, a ratio that would make today’s average worker pay $374,800. Put another way: If CEO pay were frozen now, it would take workers 66 years of 4% annual raises to get back to 1/28th of what the boss makes. Source: Business Week, October 30, 2006 Learning Objective 1: Explain why good leadership is critical for success as a manager. CEO Pay This slide shows the current average CEO pay as compared to the average employee pay. The average pay of CEO’s has been on the rise in recent years, which makes the ratio of average worker pay to their boss rise as well. Ask the students – do they believe the CEOs should get this level of pay? Are they worth it? Why or why not? (It comes down to the question of what value do they generate. Truly competent and effective leaders do command far more than the average pay cited here. This further drives the argument of pay for performance.) Question All manager are leaders and all leaders are managers. Do you agree? Explain. See Learning Objective 1: Explain why good leadership is critical for success as a .

• Quản trị kinh doanh
• Principles of management
• Lecture Principles of management
• Organization architecture
• Managing employee
• Effective leadership
• Perspectives of leadership
• Ebook Business principles
• Business principles and management
• Business principles
• Management responsibilities
• Financial management
• Marketing management
• Foodservice management principles
• Management principles
• Management practices
• Resource conservation
• Organizational design
• Human resource management
• Performance improvement
• Basics of management
• Principles of hotel management
• Fundamentals of hotel management
• Salient features of management
• The foodservice industry
• The systems approach
• Food safety
• Principles of management and organisational behaviour
• Organisational behaviour
• Functions of management
• Human factors
• Group decision making
• tips in management
• management methods
• the document management industry
• soft skills
• management skills
• Business ownership
• Information systems
• Communication systems
• Leaders versus managers
• Strategic decisions
• Internal environment
• Environment of managers
• Processes driving globalization
• Business enterprises
• Corporate social responsibility
• Decision making
• Levels of planning
• Competitive advantage
• Business level strategy
• Managing operations
• Operations managers
• Integrating mechanisms managers
• Control systems
• Establishing goals
• Organizational culture
• Organizational subcultures
• Team effectiveness
• Team development
• Developing diverse workforce
• Human resource staffing process
• Employee engagement
• Managing employee motivation
• Managing employee attitudes
• Cognitive dissonance
• Managing through power
• Organizational power