Leadership Styles Embraced by Businesses

Subject: Leadership Styles
Pages: 2
Words: 333
Reading time:
2 min

Many businesses embrace two forms of leadership. These include transformational and transactional leadership styles. Every transactional leader will influence the targeted followers by appealing to their personal interests using valued rewards for services. Such individuals will also be guided to exhibit desired traits and behaviors. The emerging relationship between the followers and leaders is characterized by a series of rational transactions or exchanges that support the delivery of the anticipated goals. Transactional leaders will offer the relevant ideas and provide the necessary rewards.

These attributes support their leadership power. The contingent reward is utilized in exchange for desirable performance. When deviations in behavior emerge, transactional leaders will observe and identify deviations from the outlined rules and standards. This will be followed by corrective action. The header might also apply the management by exception to achieve the intended aims. Interventions are necessary when the followers fail to meet the outlined standards. The Laissez-faire principle also resonates with this leadership model.

The second type of leadership is the transformational style. These leaders tend to be visionary or charismatic. They inspire their respective followers to achieve more than what is expected from them. Such leaders tend to motivate their followers to focus on the outlined goals. They apply their competencies to help their workers strive for higher-order results. The concept of charisma remains critical for empowering these leaders. They tend to provide vision and a sense of mission to the targeted individuals.

The professional will win the trust and respect of the targeted followers. The individual is also inspirational and communicates the anticipated expectations using appropriate symbols to achieve the intended goals. The leader will express important purposes in an understandable way. The leader will rely on intellectual stimulation to promote intelligence, rationality, and problem-solving abilities. They also rely on the power of individualized consideration to achieve the intended leadership goals. They offer personal attention and provide personalized treatment to streamline performance.