Differentiate between transformational leadership and transactional leadership. 3 pages with APA references.

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Transformational leadership and transactional leadership are two distinct styles of leadership that have different approaches and outcomes. While transactional leadership focuses on maintaining the status quo and rewarding compliance, transformational leadership seeks to inspire and motivate followers to achieve higher levels of performance. This paper will discuss the key differences between transformational and transactional leadership, the characteristics and behaviors associated with each style, and the potential implications for organizational success.

Transactional leadership is a more traditional form of leadership that focuses on the exchange of rewards and punishments in order to motivate followers. This style of leadership is based on a transactional relationship between the leader and followers, where rewards are given for meeting expectations and punishments are given for failing to meet them. Transactional leaders set clear expectations and goals, establish rules and procedures, and monitor performance to ensure compliance with these guidelines. They use contingent rewards, such as bonuses or promotions, to motivate followers to meet their targets.

In contrast, transformational leadership is a more modern and innovative form of leadership that focuses on inspiring and motivating followers to achieve higher levels of performance. Transformational leaders are visionary, charismatic, and emotionally intelligent individuals who are able to engage and mobilize their followers toward a common goal. They challenge the status quo, encourage creativity and innovation, and empower their followers to think and act independently. Transformational leaders are able to create a shared vision, inspire trust and loyalty, and foster a sense of belonging and purpose among their followers.

One of the key differences between transformational and transactional leadership is their focus on different aspects of leadership. Transactional leadership is focused on maintaining the status quo and ensuring that tasks are completed on time and within budget. It is a more directive and controlling style of leadership that emphasizes following rules and procedures. In contrast, transformational leadership is focused on envisioning and creating a better future. It is a more inspirational and empowering style of leadership that emphasizes engaging and motivating followers to achieve higher levels of performance.

Another key difference between transformational and transactional leadership is their approach to motivating followers. Transactional leaders use extrinsic rewards, such as bonuses or promotions, to motivate followers to meet their targets. They focus on providing incentives and consequences to ensure compliance with expectations. In contrast, transformational leaders use intrinsic rewards, such as recognition and personal growth, to motivate followers to achieve higher levels of performance. They focus on inspiring and empowering followers to go above and beyond what is expected of them.

In conclusion, transformational leadership and transactional leadership are two distinct styles of leadership that have different approaches and outcomes. While transactional leadership focuses on maintaining the status quo and rewarding compliance, transformational leadership seeks to inspire and motivate followers to achieve higher levels of performance. Understanding the key differences between these two styles of leadership can help leaders choose the most appropriate approach for their organization and achieve greater success.