Final answer:
Ken Blanchard describes two primary types of leadership: transactional and transformational. Transactional leadership is based on rewards and maintaining the status quo, while transformational leadership focuses on inspiring and effecting significant change.
Step-by-step explanation:
Ken Blanchard, a prominent leadership expert, identifies two core types of leadership: transactional leadership and transformational leadership.
Transactional leaders focus on supervision, maintaining the status quo, and achieving organizational goals through a system of rewards and punishments.
Conversely, transformational leaders are characterized by charisma, inspiration, intellectual stimulation, and consideration.
They aim to inspire and motivate followers to exceed expectations and facilitate significant change within an organization.
While transactional leadership is more about managing and maintaining what already exists, transformational leadership seeks to innovate and transform.
Both styles are essential and effective in different situations and can result in successful outcomes if applied appropriately.