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Moving to another question will save this response. Question 16 Some leaders use transactional leadership style and some use transformational leadership style, In your own words, summarise these two styles while differentiating transactional and transformational leadership is differences) V Arial 3 (12pt) ET TTTT Paragraph %D09 Sx Mashup 164 T" T, P 2 .

Answer 1

Different managers employ distinctly different management styles, ranging from relatively hands-off, facilitative styles to autocratic, micromanaging styles. Managers can also employ different motivational strategies and techniques to boost employee performance or accomplish internal change. Understanding the difference between transformational and transactional leadership is helpful when pursuing a career in management.

Transformational Leadership Transformational leadership focuses on increasing employee motivation and engagement and attempts to link employees' sense of self with organizational values. This leadership style emphasizes leading by example, so followers can identify with the leader's vision and values. 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.

Transactional Leadership Transactional leadership promotes compliance with existing organizational goals and performance expectations through supervision and the use of rewards and punishments. Transactional leaders are task- and outcome-oriented. Especially effective under strict time and resource constraints and in highly-specified projects, this approach adheres to the status quo and employs a form of management that pays close attention to how employees perform their tasks.

The Strengths of Each Approach 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. 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.

Which Leadership Style is Better? 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. 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.

BASIS FOR COMPARISON TRANSACTIONAL LEADERSHIP TRANSFORMATIONAL LEADERSHIP Meaning A leadership style that A leadership style in which the employs rewards and leader employs charisma and punishments for enthusiasm to inspire his motivating followers is followers is Transformational Transactional Leadership. Leadership. Leader lays emphasis on Leader lays emphasis on the his relation with followers. values, ideals, morals and needs of the followers. Concept Nature Reactive Proactive Best suited for Turbulent Environment Works for Settled Environment Developing the existing organizational culture. Changing the existing organizational culture. Style Charismatic Bureaucratic Only one More than One How many leaders are there in a group? Focused on Innovation Motivational tool Planning and Execution Attracting followers by putting their own self interest in the first place. Stimulating followers by setting group interest as a priority.