To gain competitive advantage, the manufacturer wants to enhance the ability of buyers to select a desired configuration of the high-end UPS models through guided selling options on its online selling portal. You can allow buyers to raise requests if an expected product functionality is not offered. You can create enhancements to the model structure that supplements the imported configurable structure of a model item.
Transactional leaders hold the formal authority and positions of responsibility in an organization.
And responsible for maintaining routine by managing individual performance and facilitating group performance. Transactional leaders are expected to do the following: Set goals and give specific direction about what they demand from the employee and how they will be rewarded for their efforts.
Provide productive feedback on performance. Focus on increasing the efficiency of established routines and procedures and show concern for following existing rules rather than making changes.
Establish and standardize practices that will help the organization become efficient and productive. Respond to deviations from expected outcomes and identify corrective actions to improve performance.
Definition of Transactional Leadership Transactional leadership styles are more concerned with maintaining the normal flow of operations. Transactional leaders use disciplinary power and an array of incentives to motivate employees to perform at their best.
A transactional leader does not look ahead to strategically guiding an organization to a position of market leadership; instead, these managers are solely concerned with making sure everything flows smoothly today.
A leadership style based on the setting of clear goals and objectives for followers and the use of reward and punishments to encourage compliance.
Transactional leaders are those who guide or motivate their followers towards established goals by clarifying role and task requirement. Transactional leadership sometimes referred to as managerial leadership; focuses on the interactions between leaders and followers.
Difference between Leadership and Management The core of transactional leadership lies in the notion that the leader, who holds power and control his or her employees or followers, provides incentives for followers to do what the leader wants.
Transactional leaders utilize rewards and punishments to motivate. While it has limitations, it can be effective in certain situations. A transactional style can work well in cases where the problems are clear-cut and simple.
One of the major problems with this style is that it does not encourage group members to look for solutions to problems or to contribute creatively, which is why transactional leadership is not the best choice in complex situations where input from group members is required.
Characteristics of Transactional Leadership.Transactional Analysis Theory involves identification of the ego states that directs the transaction stimulus and executes the transaction response.
The case uses Transactional Analysis Theory and Transactional Style Inventory as tools to help the respondents ( management students) examine their transactional styles and develop strategies to.
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Transformational Leadership VS. Transactional Leadership: The Influence of Gender and Culture on Leadership Styles of SMEs in China and Sweden The Department of Business Studies male managers have a more transactional leadership style, while female managers’ leadership.