Transactional Leadership
Transactional leadership is based only one assumption that inculcates rewards and punishments as two important factors because of which an individual commits himself for a particular task.
When the task is accomplished as per the expectation then the doer is rewarded and if the result is not as per the expectations or if an individual fails to accomplish the task then he is punished for his failure. Many argue that in this style, no importance is given to a person’s emotional well-being and he is just thought to be motivated by reward which is monetary in almost all the cases.
The transactional leader clearly states what he actually wants from his subordinates; the subordinates also have the freedom to get themselves clarified before actually accepting the task. In detail, the subordinate is told about the rewards which he would be getting after successfully completing his work. Though the punishments are generally not clearly stated but it is often understood by the subordinates.
He is provided with all the resources which he will require during the course of his work and is also trained in the initial period so that he gets an idea about his work. Once he begins working, he is completely accountable for all his actions. Success or failure is his responsibility; his excuse of lack of time, or lack of resources or lack of proper support from his teammates is not generally entertained.
By accepting all the terms and conditions the subordinates also accept the full authority of the person under whom he is working. Management by exception (MBE) and contingent reward are considered to be the essential component of transactional leadership. MBE mechanism ensures that the resource constraint should never become a cause of not achieving the desired result.
Contingent reward means that a leader commits to the follower of rewarding him if he is able to provide the result. In fact, achievers are promised good rewards; rewards can be in the form of cash or it can be in the form of recognition… for further reading on Transactional Leadership please check out link below
Transactional Leadership
In transactional leadership, negotiation of the contract defines the relationship. The contract needs to spell out salary and benefits, as well as what claim the company has on the employee and his work.
Transactional Leadership, Relationships Between Leadership
Transactional Leadership has two major factors one needs to know, it’s a reward and punishment. Research on transformational and transactional leadership has been going for a long time. The main goal and objective of this research is to establish an information about the someone’s role within organisation.
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