Transactional leadership vs transformational leadership PDF

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Transactional leadership vs transformational leadership Leadership is the exercise of authority, whether formal or informal, in directing and coordinating the work of others. The best leaders are those who can simultaneously exercise both kinds of leadership: the formal, based on the authority of rank or office, and the informal, based on the willingness of others to give service to a person with special qualities of authority Defining transactional leadership 1. Transactional leadership emphasizes organization, performance evaluation and rewards, and is task- and outcome-oriented. 2. Transactional leaders focuses on the role of supervision, organization, and group performance. 3. They are concerned about the status quo and day-to-day progress toward goals. 4. Transformational leaders work to enhance the motivation and engagement of followers by directing their behavior toward a shared vision. 5. While transactional leadership operates within existing boundaries of processes, structures, and goals, 6. Transactional leadership promotes compliance with existing organizational goals and performance expectations through supervision and the use of rewards and punishments. 7. Transactional leaders are task- and outcome-oriented. 8. Especially effective under strict time and resource constraints and in highlyspecified projects, this approach adheres to the status quo and employs a form of management that pays close attention to how employees perform their tasks. 9. Set goals and provide explicit guidance regarding what they expect from organizational members and how they will be rewarded for their efforts and commitment 10. Provide constructive feedback on performance 11. Focus on increasing the efficiency of established routines and procedures and show concern for following existing rules rather than making changes 12. Establish and standardize practices that will help the organization become efficient and productive 13. Respond to deviations from expected outcomes and identify corrective actions to improve performance 14. Defining transformational leadership: An approach to leading that enhances the motivation, morale, and performance of followers through a variety of mechanisms.

1. Transformational leadership focuses on motivating and engaging followers with a vision of the future. 2. Transformational leadership challenges the current state and is change-oriented. 3. Transformational leadership focuses on increasing employee motivation and engagement 4. Attempts to link employees’ sense of self with organizational values. 5. This leadership style emphasizes leading by example, so followers can identify with the leader’s vision and values. 6. A transformational approach focuses on individual strengths and weaknesses of employees and on enhancing their capabilities and their commitment to organizational goals, often by seeking their buy-in for decisions. 7. Transformational leaders show individualized consideration to followers by paying attention to and meeting the needs of followers. 8. Transformational leaders stimulate ideas and creativity from followers by creating a safe environment to challenge the status quo. 9. Transformational leaders have a vision that inspires and motivates followers to achieve important goals. 10. Transformational leaders serve as role models for their followers, allow them to identify with a shared organizational vision, and provide a sense of meaning and achievement. 11. Transactional leaders are concerned about the status quo, while transformational leaders are more change-oriented. Transactional leadership works within set established goals and organizational boundaries, while a transformational approach challenges the status quo and is more future-oriented.

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Transactional leaders can address small operational details quickly. They handle all the details that come together to build a strong reputation in the marketplace, while keeping employees productive on the front line.

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Transformational leadership styles can be helpful to the strategic development of a small business. Small businesses with transformational leaders at the helm can shoot for ambitious goals, and they may achieve rapid success through the vision and team-building skills of the leader

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Which Leadership Style is Better?

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Different management styles are suited to different situations. When it comes to front-line supervisors of minimum-wage employees, for example, a transactional leadership style can be more effective. Shift supervisors at a fast food restaurant will be much more effective if they are concerned with ensuring all of the various stations run smoothly, rather than spending their time thinking up better ways to serve hamburgers.

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On the other hand, CEOs or sales managers can be more effective if they are transformational leaders. Executive managers need the ability to design and communicate grand strategic missions, passing the missions down to transactional leaders for implementation of the details

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