The contingency approach sees situation favorability as a critical factor in leadership effectiveness. The transactional approach is contractual, emphasizing exchange of performance for rewards, while the transformative approach attains a change in behavior such that both leaders and followers are motivated, empowered, and put out their best efforts to achieve organizational goals.
Free Economics essays. Home. Free essays. Economics essays. Leadership and its meaning. 1. Introduction. Leadership has been the topic of discussion and research in the Organizational Behavior literature. A great collection of different theoretical framework has been developed to make out elements of leadership. Incessant self assessment, learning, guidance, experience and never ending.