MGT 3620 FINAL EXAM WITH ANSWERS | VERIFIED SOLUTION

MGT 3620 FINAL EXAM WITH ANSWERSMGT 3620 FINAL EXAM WITH ANSWERS 1. Briefly list the essential components required for the effective practice of leadership in today’s world. These six fundamental skill sets are found in virtually every individual who has been recognized as being an outstanding leader. But it is equally important to understand that few were good at all of these when they started their careers. -Honesty and Integrity -Outstanding Self Awareness -Vision -Courage -Communication Skills -Team Builder Knowing and admitting one’s strengths and weaknesses is the first step in developing the requisite skill set to become a more effective leader. Next, committing and working hard to improve areas of weakness furthers leadership development. Then finally, asking others for help and feedback is essential to acquiring all the necessary skills and traits required to become an effective leader. 2. Briefly identify the range of leadership styles utilized in the Vroom–Jago timedriven leadership model, and specify the dimensions on which these leadership styles vary. Making good decisions is one of the central leadership tasks. Part of doing this is determining the most efficient and effective means of reaching the decision. You don't want to make arbitrary decisions when team acceptance is crucial for a successful outcome. Nor do you want be involving your team in every decision you make, because that is an ineffective use of time and resources. What this means is you have to adapt your leadership style to the situation and decision you are facing. Autocratic methods work some of the time, highly participative styles work on other occasions, and various combinations of the two work best in the times in between. The Vroom-Yetton-Jago Decision Model provides a useful framework for identifying the best leadership style to adopt for the situation you're in. 3. Describe the features of charismatic leadershi