Leadership is one of the key drives of performance in an organization. Leaders make all the major decisions in terms of what the company’s purpose is, how employees are compensated and interpersonally treated, what services and products are produced, how they are produced, who the target consumers are, how the product and/or service is delivered e.t.c.
Leadership according to Hollins (1971) is the ability to create ideas and instill into every member of the organization a sense of confidence, loyalty, willingness, satisfaction and cooperation.
TRANSACTIONAL LEADERSHIP
Transactional leadership is a term used to classify a formally known group leadership theories that inquire the interactions between leaders and followers. A transactional leader focuses more on a series of “transactions”. This person is interested in looking out for oneself, having exchange benefits with their subordinates and clarifies a sense of duty with rewards and punishments to reach goals.
Transactional leaders believe that people are motivated by reward or punishments. These leasers give clear instructions to followers about what their expectations are and when those expectations are fulfilled, there are rewards in store for them, and failure is severely punished. They allocate work to subordinates whether resources are there or absent.
The Essay on Leadership Leader Leaders People
Leadership Training The great leaders have an inbred sense of style. They just know what situation requires what response. But not everyone has that inbred sense. I work for a Law Firm of comparable size for the county it is located in. My firm is listed as a Top 100 Firm in the Philadelphia area. We have 3 comparatively sized offices and 3 satellite offices. They are many types of leaders in my ...
A transactional leader influences subordinates by rewards in exchange for their efforts, follows workers closely and takes corrective actions when required, or passively manages employees and takes measures when necessary.
transformational leadership STYLE
Transformational leadership is defined as a leadership approach that causes changes in individuals and social systems. In its ideal form, it creates valuable and positive change in the followers with the end goal of developing followers into leaders. Enacted in its authentic form, transformational leadership enhances the motivation, morale and performance of followers through a variety of mechanisms. These includes connecting the follower’s sense of identity and self to the mission and the collective identity of the organization; being a role model for followers that inspires them; challenging followers to take greater ownership for their work, and understanding the strengths and weaknesses of followers, so the leader can align followers with tasks that optimize their performance.
More precisely, a transformational leader is described as able to elicit support from followers by the strength of their character, communicate a vision that creates enthusiasm in followers, encourages divergent thinking and innovativeness within the organization and provides individual encouragement and support through mentoring or coaching.
The extent to which a leader is transformational is measured first, in terms of his influence on the followers. The followers of such a leader feel trust, admiration, loyalty and respect for the leader and because of the qualities of the transformational leader, are willing to work harder than originally expected. These outcomes occur because the transformational leader provide followers with an inspiring mission and vision and gives them an identity.
The Term Paper on Transformational Leadership 4
... with better knowledge and skills on transformational leadership, can leaders be able to exert positive influence among their followers. Individualized Consideration According to the survey, ... we believe that it is necessary to provide our recommendations will help improve the transformational leadership in the company. Since we have discussed ...
The full range of leadership introduces four elements of transformational leadership:
1.) Individualized consideration: the degree to which the leader attends to each follower’s needs, acts as a mentor or coach to the follower and listens to the follower’s concerns and needs.
2.) Intellectual stimulation: the degree to which the leader challenges assumptions, takes risks and solicit follower’s ideas. Leaders with this style stimulate and encourage creativity in their followers.
3.) Inspirational motivation: the degree to which the leader articulates a vision that is appealing and inspiring to followers. A leader with inspirational motivation challenge followers with high standards, communicate optimism about future goals and provides meaning for the task at hand.
4.) Idealized influence: provides a role model for high ethical behavior, instill pride, gains respect and trust.
