TRANSACTIONAL&TransformationalLEADERSHIP

• Managing involves carrying out the managerial functions effectively and efficiently. One of these functions relates to leading in general and to leadership in particular. A distinction can be made between transactional and transformational leaders. Transactional leaders identify what subordinates need to do to achieve objectives, clarify organizational roles and tasks set up an organization structure, reward performance, and provide for the social needs of their followers. Such leaders work hard and try to run the organization effectively and efficiently.
• Transformational leaders articulate a vision and inspire followers. They also have the capacity to motivate, shape the organization culture, and create a climate favorable for organizational change. Companies such as IBM and AT&T have programs to promote transformational leadership designed to transform their organizations quickly to respond the rapid changes in the environment. There are many similarities between transformational leaders and charismatic leaders, with the former being noted for initiating innovation and change. When one thinks of charismatic leaders, one thinks of people such as Winston Churchill, Martin Luther King and Mother Theresa, who inspired people through her selfless service to the poor.
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Fundamentals of Management : Leadership [BBA 2305]
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