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Question 2 week three

March 24, 2016 | Author: | Posted in finance, mathematics and economics

Transactional leadership is characterized by contingent reinforcement (Starratt , 1993 . This means that followers are moved to action due to the promises , rewards and threats of punishment of the leader Basically , the transactional activity is in the form of bargaining , the leader bargains with the follower to get things done , although it is not explicitly evident . Both the leader and follower however engage in this bargaining because of personal interests , to get things done and to be rewarded . In this form of leadership , the follower accomplishes tasks and responsibilities assigned by the leader and [banner_entry_middle]

the leader ‘s behavior is dependent on how effective the followers carry out what they have agreed to do . The basic premise in transactional leadership is the presence of a contract wherein the leader and the follower are bounded by the specifications in the contract , hence the leader designates a particular task , and the follower accomplishes it to his /her best and if it is what the leader expected then the follower will be rewarded , if it fails to satisfy the leader , then the follower will be reprimanded or punished There are two forms of transactions that the leader may engage in motivating their followers . In constructive transactions , the leaders assign tasks , projects , negotiate and consult with followers on issues and concerns pertaining to the group for implicit or explicit rewards In corrective transactions , the leader may use active-management-by-exception where the leader monitor the performance of his /her members and act on their mistakes as it occurs . While , the leader may also use passive- management-by-exception wherein he /she passively waits for the followers mistakes to be reported to them before doing anything with it and giving reprimands or punishments to followers . Within the transactional leadership framework , it is assumed that the leader is governed by fairness , honesty

loyalty and integrity , and that his /her actions are always rational and considers the rights and needs of his /her followers . Transactional leadership has been thought to be the opposite of transformational leadership (Storey , 2004

Transformational leadership desires to unite the group in pursuit of the interests and goals of the group beyond the personal interests of the members (Avolio Bass , 1988 . In this form of leadership , the leader is able to bring the members to an awareness of the basic purpose of the organization , inspires the members to move beyond their own goals and interests and challenges members to change their perceptions , values and attitudes an hence work effectively together . Transformational leaders provide their members with the opportunity to find fulfillment in working towards common goals

Transactional leadership differs from transformational leadership in several key points . First , transactional leadership is based on the rewards and punishment given to followers upon the completion of tasks while transformational leadership is based on the leaders ability to inspire , motivate and challenge its members to work for common goals Second , transactional leaders are focused with short terms goals and hard data while transformational leaders work towards long-term goals and mission and vision of… [banner_entry_footer]

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