Strategy and Leadership PV237 Ing. Michala Kozinova, MBA. Leadership Styles ● Transactional Leaders Leaders who clarify goals, roles, and responsibilities, typically meet their deadlines within their budget and in the expected quality. ● Transformational Leaders Leaders who generate awareness and acceptance of group’s purpose and get employees see beyond their own needs for the good of the group. They make their followers believe they are a vital part of the organization. Their teams typically overperform. Leadership Styles ● Transactional Leaders Reward for performance Management by exception: searches for deviations and corrects them Leadership Styles ● Transformational Leaders Idealized Influence: Provides vision and sense of mission, instills pride, gains respect and trust Inspiration: Communicates high expectations, uses symbols to focus effort, expresses important messages in simple ways Intellectual Stimulation: Promotes intelligence, rationality, and careful problem solving Individualized Consideration: Treats people individually, CARES, coaches, advises The surprising truth about what motivates us ● https://www.youtube.com/watch? v=u6XAPnuFjJc Assignment ● Next week is Easter Monday so we don’t have a class. Watch this video in stead ● https://www.youtube.com/watch?v=dHAbmoFHqgA ● https://www.youtube.com/watch?v=A6Prtgjw6uA&t=56s