Describe the theories of leadership.

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The theories of leadership:--

1. The Transactional Theory or Management Theory

Well during Industrial Revolution, this transactional theory was developed to boost company productivity. It is a leadership approach that emphasizes the value of hierarchy for enhancing organizational effectiveness. These managers place high importance on structure and utilize their authority to enforce rules to inspire staff to perform at their best. In accordance with this philosophy, workers are rewarded for achieving their given objectives. The concept also presupposes that workers must comply with managerial directives.

Managers whopractice transactional leadership keep an eye on their staff, making sure they are rewarded for reaching milestones and disciplined when they fall short. These executives, however, do not serve as a trigger for a company's expansion. Instead, they concentrate on upholding the organization's policies and standards to ensure that everything goes as planned.

Leaders Who Practice Transactional Leadership:

• Target immediate objectives.
• Favor standardized processes and regulations
• Recent changes
• Discourage original thought
• Emphasis on one's own interests
• Encourage performance

When there are challenges that are clearly stated and the main goal is to finish a work, transactional leadership works well.

2. Theory of Transformation

The relationship between leaders and staff can help the organization, according to the transformational theory of management. This leadership theory contends that effective leaders inspire workers to go above and beyond what they are capable of. Leaders develop a vision for their team members and motivate them to realize it.

Employee morale is raised and inspired by transformational leaders, which helps them perform better at work. These managers encourage staff members by their deeds rather than their words because they specialize in setting an example.

Leaders Who Practice Transformational Leadership:

• Self-manage
• Set an example
• Give interaction a high priority
• Be proactive in your work
• Promote the development of employees
• Receptive to fresh concepts
• Take chances and make difficult choices

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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : BACHELOR OF ARTS
Course Code : BAG
Subject Name : Industrial/ Organisational Psychology
Subject Code : BPCE 146
Year : 2022 2023