Transactional Leadership
Transactional Leadership involves a system of rewards and punishments in order to motivate and manage employees. This leadership style focuses on the exchange between leaders and followers, where expectations are clearly communicated and met in exchange for rewards or consequences. Leaders using this approach typically set specific goals and expectations for their team members and provide feedback based on their performance. This type of leadership is based on the idea of a transactional relationship between leaders and followers, where both parties fulfill their duties and responsibilities to achieve organizational goals.