Transactional Leadership
Transactional leaders intervene only when standards are not met or when the performance is not as per the expectations. They may even use punishment as a response to unacceptable performance.
What is Passive Management by Exception
Rewards are given when _______ are met.
What are metrics
Transactional leaders and the corporate structures that support them are not flexible which can frustrate employees who enjoy an atmosphere that promotes individual thought and innovative ideas.
What is Unbendable
Transactional leaders link the goal to rewards, clarify expectations, provide necessary resources, set mutually agreed upon goals, and provide various kinds of rewards for successful performance.
What are Contingent Rewards
Transactional leadership tends to be most effective in situations where problems are _______ and _______
What are simple and clearly defined.
External rewards like money or other tangible perks can be huge motivators for employees. At least in the short term, this can drive performance and productivity.
What is Utilizes Powerful Motivators
They set specific, measurable, attainable, realistic, and timely goals for their subordinates.
What are SMART goals
Leader-Member Exchange
What does LMX stand for
The most important thing that matters to leaders who use this style is numbers and performance. This means there will not be opportunities for training that promotes anything outside of this.
What is A Lack of Leadership Development
The leader provides an environment where the subordinates get many opportunities to make decisions. The leader himself abdicates responsibilities and avoids making decisions and therefore the group often lacks direction.
What is Laissez-faire
If you are a part of __________ group you work hard to maintain a good opinion of their manager.
What is In-group
If a company or department needs fast results to deal with a seasonal increase in activity or a problem, external “reward for performance,” agreements can help produce quick help and support.
What is A Short Surge in Performance
Transactional leaders actively monitor the work of their subordinates, watch for deviations from rules and standards and taking corrective action to prevent mistakes.
What is Active Management by Exception
Second stage of the LMX theory
What is roll making
Since this leadership style has a simplistic style and goal, then there is not a lot of costs needed to train employees to do it. There is not as many nuances like transformational or charismatic leadership that employees need to learn to employ this style.
What are Lower Training Costs