Final answer:
This answer explains the differences between transformational and transactional leadership styles, including their characteristics and effectiveness. It also highlights gender differences in leadership styles and emphasizes the importance of considering personal preferences and context.
Step-by-step explanation:
Transformational vs Transactional Leadership Styles
Leadership is an important element of management, and there are different leadership styles that have been proposed. One popular comparison is between transformational and transactional leadership styles. Transactional leaders focus on supervision and organizational goals, using a system of rewards and punishments, while transformational leaders possess attributes like charisma, inspiration, critical thinking, and consideration for individuals (Bass, Avolio, & Atwater, 1996).
Research shows that transformational leadership styles are more effective than transactional leadership styles (Eagly, Johannesen-Schmidt, & van Engen, 2003). However, individual leaders usually exhibit elements of both styles. Gender differences in leadership styles have also been observed, with women tending to exhibit more transformational characteristics and men being more likely to adopt transactional styles (Eagly, Johannesen-Schmidt, & van Engen, 2003). Although each style can be effective in different circumstances, it is important to consider which leadership style aligns with your own preferences and the specific context.