LEADERSHIP STYLES

             "Leadership is not a position or a title ,it is action and example"

TRANSACTIONAL LEADERSHIP
• Leadership in which the leader maintains relation with the  followers
through a series of transactions.
• This style is formal and bureaucratic in nature.
• The leader relies on his position and authority to get things done.
• Followers(or employees) are motivated by their own self-interest.
• The main features are:
• Contingent reward:
                 * Promising and providing psychological or materialistic
rewards for effort and performance.
• Management by exception:
                 * Enhancement of the existing organizational culture rather
than going  for radical changes.
    * The leader intervenes only if standards are not met.
 TRANSFORMATIONAL LEADERSHIP
• The type of leadership in which the leader transforms the thinking of the
followers by instilling in them a sense of mission and excitement.
• The leader relies on his/her charisma and energy rather than authority.
• Encourages to take risks, try new and unorthodox strategies and think out of
the box.
• The style is not formal but intellectually stimulating. The followers are
motivated by an urge to contribute and are ready to take up the challenges
rather than by self interest
• The main features are:
• Inspiring vision:
               * The leader encourages to look beyond their self-interest.
                   Eg:Quit India, Satyagraha
• Intellectual stimulation:
                * The leader challenges employees to generate solutions, instead
                 of depending on contingent reward,the leader motivates to bring out
the best out of the employees .Eg:steve jobs.
• Individual concern
* The leader appreciates the difference between the
individual employees and treat each other accordingly.
* The leader act as mentor or coach to everyone.
* Gives each follower personal attention.
LEADERSHIP STYLES-KEY DIFFERENCES
Transactional Leadership
1. Suits a settled environment where
efficiency is improved through
accepted practices  innovation and change.
2. Works well when the emotional
level of the emotional level of the
followers is not high.
3. It is formal and bureaucratic.
4. Often only one leader.
5. This employs planning and
execution mostly to maintain the
status quo.
6. This employs rewards and
punishment using authority and
position.
7.  Transactional leadership is
reactive 
Transformational Leadership
1. Suits during the troubled times
where the need of the hour is
2. Appeals to the emotions of the
followers.
3. It is informal and charismatic.
4. More than one leader .
5. This stimulates and challenges
mostly to promote innovation.
6. This employs influence and
intellectual stimulation using
charisma and enthusiasm.
7. Transformational leadership
is proactive