Final answer:
Leadership development initiatives are indeed related to transformational leadership as they aim to instill leaders with qualities that inspire and intellectually stimulate followers. Transformational leadership is generally more effective than transactional leadership and caters to the diverse growth needs of followers, thereby improving leader-follower relationships.
Step-by-step explanation:
Yes, leadership development initiatives are related to transformational leadership. Transformational leadership is a style that focuses on inspiring and intellectually stimulating followers, as well as caring for their individual needs. It contrasts with transactional leadership, which relies on a system of rewards and punishments. Leadership development initiatives often aim to cultivate transformational leadership qualities, which have been found to be more effective than transactional approaches. Furthermore, adjustment in leadership styles through development programs can cater to the varying needs of followers, particularly in growth and satisfaction, which strengthens the leader-follower relationship.
Research by Eagly, Johannesen-Schmidt, & van Engen (2003) underscores the effectiveness of transformational leadership and the importance of balancing both transformational and transactional elements. Schyns, Kroon, & Moors (2008) emphasize the need for leaders to support employees' growth needs through appropriate development opportunities. The work by Bass (1985) distinguishes the transactional and transformational styles, describing the latter's inherent attributes such as charisma and intellectual stimulation. This leadership style not only fulfills organizational objectives but also fosters an environment conducive to personal and professional growth for followers with diverse needs.