Last week you explored several elements of managing human capital, including how to motivate them to be the best they can be. A key element of motivating others is being a good leader. But what type of leader is needed, and when? Transactional leadership is primarily concerned with maintaining the status quo whereas transformational leadership is geared toward moving beyond the current status to get to the next level.
First, read Chapter 11 in the text.
Next, please watch the following video clip from the lab:
- Chapter 11: Concept Clip: Transactional/Transformational Leadership
Research the key leaders in the company you have chosen for your final project. Common leaders to consider researching include the CEO, President, Vice President, CFO, and any board members. Based on what you find in your research, do you feel the company leaders are generally more transactional or transformational leaders? Why? Given the current circumstances of your company and the economic environment in which they operate, do you feel the leaders are demonstrating the best leadership form possible? (transactional versus transformational). Why or why not?
