Final answer:
The Transformational Leadership Theory is the described leadership style, characterized by its focus on visionary change, motivation, and individual empowerment. It involves charismatic, inspirational, intellectually stimulating, and considerate leadership behaviors that collectively seek to transform both the organization and its members.
Step-by-step explanation:
The theory of leadership that focuses on changing the perceptions of the work itself, offering a positive future vision, and heightening individual and group self-efficacy is best called Transformational Leadership Theory. This style is characteristic of leaders who are charismatic role models, are inspirational, intellectually stimulating, and individually considerate. Transformational leaders aim to change the organization by aligning the interests and values of the followers and the leader, thereby transforming the followers into leaders themselves.
Transformational leadership approach is noted to be more effective than the transactional leadership approach, which has a primary focus on supervision and organizational goals through a system of rewards and punishments. Instead, transformational leaders are known to inspire and motivate individuals to exceed their current levels of performance, thus leading to higher levels of personal and group efficacy. They are agents of change who empower and elevate their followers' abilities and motivations.