The four key leadership theories under consideration are as follows: (1) transformational leadership theory, (2) transactional leadership theory, (3) charismatic leadership theory, and (4) Fiedler's Contingency Theory. These theories have been widely studied by researchers across different disciplines including organizational behavior, management, psychology, and political science.
Transformational leaders inspire their followers by providing them with a vision of what success in life looks like and by demonstrating that success through their own actions. They also encourage their followers to reach for higher goals and themselves make these attempts possible by removing obstacles that get in their way. Finally, they maintain relationships with their followers by showing an interest in them as people rather than by simply looking after their needs.
Transactional leaders stimulate their followers' efforts by rewarding them for their work. They also hold their employees accountable for meeting performance standards by giving them feedback on how they are doing relative to those standards. Transactional leaders do not focus on developing their employees' talents but instead try to ensure that they are able to meet the organization's requirements first before thinking about whether they can help their employees develop themselves.
Charismatic leaders possess certain traits which make them appear to be extraordinary individuals who ennoble their followers by providing them with a sense of unity and purpose.
The Four Leadership Approaches: Traits, skills, behavioral, and situational leadership are the four approaches of leadership. All leaders must possess these qualities in some measure to lead others.
Leadership is a difficult job. It requires making tough decisions, setting goals, motivating employees, dealing with conflict, and more. Only someone who possesses certain traits will be able to do this effectively. These traits comprise the first type of leadership - trait leadership.
Trait leaders are those people who have certain leadership traits that cannot be changed. For example, you can't make a bad leader become good by giving them new responsibilities; they still would not be interested in leading. However, you can try to find role models who have these same traits and encourage your followers to learn from them.
Skills leaders know how to get things done. They may have leadership positions because of their organizational skills or because they have special talents for getting jobs finished on time or better yet, before they're supposed to be completed. Regardless of the reason, they know how to get things done.
Skillful leaders also know how to help others get things done. They realize that not every task needs to be done themselves.
Transformational leadership is defined by four qualities (sometimes known as the "four I's"): idealistic influence, inspiring motivation, intellectual stimulation, and individual concern. These traits are not practices or methods but rather ideals that leaders should strive to embody in their behavior.
Transformational leaders are those who help others achieve their full potential. They have a vision for how their followers can grow and develop into greater people than they are today. They create an environment where it is safe for their employees to express themselves, explore new ideas, and make mistakes. Finally, transformational leaders invest time in their employees; they don't wait for them to come to them. Instead, they go out of their way to know each person's interests and needs, both professionally and personally.
These leaders inspire their teams by showing appreciation for past achievements and encouraging future efforts. They also motivate their employees by providing opportunities for success and by holding them accountable for meeting commitments. Last, but not least, these leaders seek to understand their employees' feelings and thoughts and work to resolve any problems that may arise.
Transformational leaders are not always popular choices when hiring managers need to fill positions quickly. However, those who choose this type of leadership often say that it is one of the most rewarding experiences of their career.
Typically, leadership theories identify leaders based on their attributes or style. According to certain views, leaders possess particular attributes that qualify them for the job of leader. They might be charming or heroic, for example. Other theories focus on identifying leaders by their styles. Some theorists believe that there are only a few possible leadership styles. Others argue that there are many possible leadership styles just as there are many ways to lead a company.
In conclusion, leadership theories try to explain why some people get ahead of others. Some theorists claim that it's because they have special skills or abilities that make them worthy of being leaders. Others say that it's because they happen to be in a position to decide who should lead and who shouldn't. Still others believe that there are certain traits that you need to be a good leader, and these traits are present in some people more than others.
The new leadership theory was created to assist leaders in better relating to their staff, which in turn helps enhance productivity and employee morale. The new leadership theory is likely to assist firms in today's work environment become much more efficient by utilizing transformational and charismatic leadership. This theory suggests that leadership is not only about giving orders; it is also about getting people excited about what they do.
Charismatic leadership is based on the ideas of charisma developed by Max Weber. According to this theory, a leader can be considered charismatic if they possess three traits: enthusiasm, assurance, and inspiration. Leaders who are able to connect with their employees on a personal level and inspire them through their actions are considered charismatic.
Transformational leaders are those who help their employees understand the importance of loyalty towards their company. They do this by showing concern for their employees' needs and desires and by encouraging them to advance within the company. Transformational leaders also motivate their employees by providing them with dreams to strive for and by helping them realize these dreams. Finally, transformational leaders promote an atmosphere of teamwork by respecting and supporting their employees' abilities and by listening to their opinions.
Kotter's eight points of leadership are very similar to the characteristics of charismatic and transformational leadership.