Examlex
List and explain the four management functions.
Management By Exception
A leadership strategy where managers intervene only when performance deviates significantly from standards, allowing autonomy in standard situations.
Transformational Leadership
A leadership strategy that initiates transformation within people and societal systems with the goal of nurturing followers to become leaders.
Transactional Leadership
A style of leadership that focuses on supervision, organization, and performance; leadership is based on a system of rewards and punishments.
Charismatic Leaders
Individuals who inspire and motivate followers through their personal charm, persuasive, and visionary qualities.
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