HRM 2 Exam Study Guide.docx - Chapter 1 Culture values norms belief Youll love or hate it Companies interview for it Promotions happen because of it You

HRM 2 Exam Study Guide.docx - Chapter 1 Culture values...

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Chapter 1 Culture : values, norms, & belief - You’ll love or hate it - Companies interview for it - Promotions happen because of it - You get fired if you don’t fit it *Organizations with a strong corporate culture based on a foundation of shared values outperformed other firms by a huge margin Management - Bringing organization and predictability to business through planning, goal setting, resource allocation, scheduling, and follow up Leadership - Influencing followers to accomplish goals based on perceptions followers have of the leader The Everyday Leader - People treat leadership as something one will accomplish later, they have misconceptions that if they try to accomplish it now, then they can be labeled as cocky and arrogant - If we think that leadership means it's changing the world, we need to get over that because it limits us from making a change or taking charge Movie-The Pursuit of Happiness Notes - Don’t let others tell you that you can’t do something - If you want something, you go for it Transformational Leadership - Individualized Consideration – Invest in followers one-on-one and learn their needs and interests - Intellectual Stimulation – Challenge people to be creative and build a creative environment - Idealized Influence – Your personal leadership foundation of how you have lived your life based on how others see you - Inspirational Motivation – Creating shared values and shared vision with your followers Transactional leadership - traditional approach Herb Brooks Speech - Inspirational Motivation - Values – Team, Hard work, Speed, Innovation, Dreams - Vision – Win the Gold Management - Bringing organization and predictability to business through planning, goal setting, resource allocation, scheduling, and follow-up Leadership - Influencing followers to accomplish goals based on the perceptions followers have of the leader - Manager: planning - A leader: influencing
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Isolated followers - followers who are nonresponsive or indifferent to leaders Bystanders - followers who are not engaged in the life of thee organizations Participants - Followers who are actively engaged in the organization and make an effort to support and impact the organization. Activists - followers who feel more strongly about their organization and leaders and act accordingly Diehards - followers who are passionate about an idea, a person, or both and will give all for them Empowerment - trusting employees to make decisions and to take responsibility for their decisions and actions. Legitimate power - position or formal authority Reward power - giving or withholding rewards Coercive power - influence through punishment Expert power - influence through knowledge and skills Referent power - respected, liked, empowered (transformational and servant leader) - It is important for you to know what leadership means to you. In organizations today, everyone must be a leader because globally, many social, political, and economic changes must be faced. You will be called upon to make good decisions, act ethically, and inspire others throughout your career.
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