Leadership Types Essay Example | Topics and Well Written Essays - 500 words

Leadership Types - Essay Example This style is often referred to as ‘management by exception’, implying that transactional leaders are not interested in altering or transforming the work environment or employees, unless some problem occurs. Joseph McCarthy, a Wisconsin state senator is a famous example of transactional leadership due to his style of rewarding his followers for bringing him intelligence regarding communist spies, and punishing those who failed to follow his orders. Transformational style of leadership, on the other hand, is aimed to inspire and motivate employees, rather than expecting a set performance from them. Leaders following this style of leadership employ motivation and team-building tactics with employees. â€Å"The dynamics of transformational leadership involve strong personal identification with the leader, joining in a share vision of the future, or going beyond the self-interest exchange of rewards for compliance† (Hater & Bass, 1988). Jack Welsh, CEO of General Elec tric between 1981 and 2001, changed the bureaucratic organization into one in which employees stretched their potential to achieve long-term goals. Both styles of leadership are important, depending on different situations. However, transformational leadership holds greater merit in most scenarios, as it makes use of motivational tactics which go a long way to fulfill the esteem needs of employees, helping them to achieve self-actualization. In ethical style of leadership, leaders respect the rights and dignity of employees during the course of their leadership. Ethical leaders should treat, encourage, and direct their employees in an ethical manner. For instance, Lola Gonzales, founder and CEO of Accurate Background Check actually fired herself when she found out that redundancy was the only option left to keep her company afloat. Instead, she acquired a part-time job