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15 Cards in this Set

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Transactional Leaders vs Transformational Leaders

Transactional leaders "manage" and take on a transactional approach to incentivize performance


WHILE


Transformational Leaders "lead" and have a vision to reduce employees uncertainty



Transformational Leaders

Leaders who inspire their followers to commit to a shared vision that provides meaning to their work

Transformational Leadership

Leadership that takes on a motivational approach by inspiring change and achieving a vision

vision

an image of your future so inspiring that it compels you to overcome any barrier to reach it

Vision Statement

the vision statement should describe where the organization is going or how its future is imagined

4 Dimensions of Transformational Leadership

1. Idealized Influence


2. Inspirational Motivation


3.intellectual Stimulation


4.Individualized Consideration

Idealized Influence

behaving in ways that earn the admiration and trust , causing followers to want to identify and emulate with the leader.

Inspirational Motivation

Behaving in ways that foster an enthusiasm for & commitment to a shared vision of the future

intellectual stimulation

behaving in ways that challenge followers to be innovated and creative by questioning assumptions and reframing old situations in new ways

individualized consideration

behaving in ways that help followers achieve their potential through coaching, development, and mentoring

Transactional Leadership

the leader rewards or disciplines the follower depending on the adequacy of the followers performance

passive management-by-exception

waits for mistakes and takes coercive action as necessary

active management-by-exception

actively monitors mistakes and takes coercive action

contingent reward

attains follower agreement on what needs to be done using promised or actual rewards in exchange for adequate performance

Expense of Leadership Training

in 2014 organization spent over $165 billion on employee learning and development, much devoted to management training