Transformational Theory of Leadership Contents Transformational leadership – an overview Attributes and perspectives Assumptions and styles Components of Transactional Leadership Transformational vs. Transactional leadership How does a Transformational Leader work Transformational Leader Behaviors Case studies Transformational leadership The concept of transformational leadership was developed mostly from research on political leaders. For the first time, political scientist James Mcgregor Burns in his book “Leadership” described. Transformational leadership as a process where, leaders and followers raise one another to higher level of morality and motivation. Characteristics of transformational leadership 1 Visionary Transformational leaders must articulate a shared vision with followers and communicate it to them 2 Empowering Empower their followers and thus promote responsibility to achieve their fullest potential 3 Passionate Transformational leaders are passionate in these commitment to task and people 4 Interactive An interactive leader provides better direction than a non-interactive leader 5 Courageous Able to take a stand, being able to take risks and able to stand against status quo 6 Ethical A transformational leader must maintain high ethical standards 7 Change agent A transformational leader is a catalyst of change. He manages changes very well and thrives on it. Comparison of transformational leaders with general profile of managers They did things differently They involved and empowered followers They were courageous They were visionaries The transformational leaders were change agents They were futureoriented They were interactive They set personal examples They were very ambitious They inspired employees to meet new challenges Assumptions People will follow a person who inspires them. A person with vision and passion can achieve great things. The way to get things done is by injecting enthusiasm and energy Four components of transformational leadership Transformational leadership Leader Follower When one or more people engage with others and if that leaders and followers raise other people to higher levels of motivation and morality, transformational leadership is said to occur. Transactional leader behaviors The goals, culture and structure of the existing organization are accepted by transactional leaders. They accep because this type of leadership is ineffective at bringing major change. Contingent reward To influence behavior, the leader clarifies the work needed to be accomplished. The leader uses rewards or incentives to achieve results when expectations are met ManagementStudyGuide.com This is a DEMO Course On – Transformational Leadership. Join MSG Premium Membership and Get Access to around 120 Courses + New courses added every week. What You Get: 1. View All Courses Online. 2. Download Powerpoint Presentation for Each Course. 3. Do the Knowledge Checks for Each Course.