Posts Tagged relationship

What Are The Qualities Of A Successful Leader?

Are you striving to be a successful leader in your business?

A good mindset is the number one thing every successful leader needs. If you’ve been thinking about starting your own business, your mindset is something you defiantly need to work on.

A leader also needs to have a lot of generosity. This begins with the willingness to show up at every meeting and share all your creative ideas with everyone. You have to want to help others succeed, just as much as you want to succeed. A leader finds a place to make all others comfortable in helping them with their mindset.

A leader needs to let their guard down once in a while and let others know that they are human, that they can be a little venerable. When being venerable, you can take risks and accept the opinions of others as a good opinion.

A leader needs to have candor. This gives you the freedom to be totally honest with the people you want to confide in. Being vulnerable gives you the ability to share your hopes and fears. Having candor allows you to constructively handle information that others input.

A leader needs to be accountable. They need to always follow through on what they say their going to do. Always follow through on promises, it’s not all about taking, it’s about giving also.

When building your own business, you need to have a strong relationship with everyone in your business. You have to build trust within each other. Let others state their opinions and bounce it off of each other, this is what a true leader does. By using generosity, venerability, candor and being accountable will get you the mindset that a real leader needs.

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Transactional Leadership

Leadership style plays a crucial role in the development of an organization. Transactional leadership is of the leadership style that is often used by many companies. Transactional leadership believes that punishment and reward motivate people. This leadership also assumes that when people agree to do a particular assignment, a part of that agreement is that they give up all authority to their boss. The leader holds control and power over the subordinates. The main goal of the employee is to obey the orders of their managers. The idea is that when a subordinate takes up a job, he or she agrees to obey their manager totally. The ‘transaction’ is the money or any other award that the company pays to its subordinates for their compliance and effort. The relationship between the subordinate and the leader becomes transactional. In transactional leadership the leader has the right to punish his or her subordinates if their performance is not according to the predetermined standard.

Transactional leadership makes clear that what is required and expected from their subordinates. It also mentions that subordinates will get award if they follow the orders seriously. Sometimes punishments are not mentioned but they are understood. In the early stages of transactional leadership, subordinate is in the process of negotiating the contract. The contract specifies fixed salary and the benefits that will be given to the subordinate. Rewards are given to subordinates for applied effort. Some organization use incentives to encourage their subordinates for greater productivity. Transactional leadership is a way of increasing the performance of its subordinates by giving them rewards. Transactional leadership is also called as ‘true leadership style as it focuses on short term goals instead of long term goals.

In Transactional leadership, when the leader assigns work to its subordinates, then it is the responsibility of the subordinate to see that the assigned task is finished on time. If the assigned task is not completed on time or if something then punishment is given for their failure. But if they accomplish the task in time then the subordinates are given reward for successfully completing the task. Subordinates are also given award and praised for exceeding expectations. A subordinate whose performance is below expectation is punished and some action is taken to increase his or her performance.

Transactional leadership has more of a ‘telling style’. Transactional leadership is based on the fact that reward or punishment is dependent on the performance. Even though researchers have highlighted its limitations, transactional leadership is still used by many employers. More and more companies are adopting transactional leadership to increase the performance of its employees. This approach is prevalent in real workplace.

The main limitation of this leadership is that it assumes that people are largely motivated by simple rewards. Under transactional leadership, employees can’t do much to improve job satisfaction. Transaction leadership has been ineffective in providing skilled employees to their organization. This style of leadership is least interested in changing

the work environment. Experts do not recommend this approach. Transactional leadership focuses more on management of punishments and rewards.

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Transformational Leadership

Transformational leadership assumes that people will follow that person who has the ability to inspire and motivate them. A person that has the passion and vision to excel can do great things. It also assumes that tasks can be accomplished by injecting energy and enthusiasm among the followers.

Transformational leadership uplifts the energy and passion of its followers. It takes cares about its followers. You will get a wonderful experience working with a transformational leader. Transformational leadership begins with the growth of a vision, a vision that will look into the future. This may excite followers. This vision can be developed by your leader, by a senior team member or by a series of discussions.

Transformational leadership will take every opportunity to convince and sell their vision t others. This leadership is adaptable and flexible. Transformational leadership creates trust and personal integrity among its followers. It implements new ideas. Transformational leadership knows the route to move forward and simply wants other people to follow it. The forward route may not be in detail but it has a clear vision and the direction to follow. It accepts the fact that there are going to be failures ahead.

Transformational leadership can help its followers how to behave by their actions. This leadership makes efforts to inspire their followers, constantly enthusing and listening to its followers Transformational leadership should have a strong commitment to serve the people It influences its followers to follow the right path and encourages them to make a change in the environment around them. This leadership guides the followers from darkness to light. Transformational leadership should organize cultural programmes, rituals and ceremonies to sustain motivation among its followers.

Transformational leaders believe that can success through sustained commitment.

Transformational leadership are often be charismatic. Passion and confidence in transformational relationship should not be mistaken for truth and reality. Just because transformational leader believes that he or she is right does not mean he or she is right. Transformational leadership provides lots of enthusiasm to its followers but if it is relentlessly applied, the followers may wear out. Transformational leadership transform followers into leaders who are self empowered.

Transformational leadership articulate values and vision clearly so that the new leaders can move ahead in the right direction, Transformational leaders set an example and become a role model for its followers. Transformational leadership also does the job of mentoring its followers. That is it they give individual consideration to its followers. It s also provide some intellectual stimulation to its followers to enhance their creativity and innovation. It also recognizes the existing need of a potential follower and tries to fulfill it. Transformational leadership reshapes social and physical relationship. That is they destroy old way of living and make way for new one. Transformational leadership encourages people to surpass their previous levels of achievement. It is dynamic and innovative and can motivate an entire organization. It persuades and inspires its followers to excel. Transformation leaders show new way of looking at an old problem

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