Transactional Leadership Theory

The video explores transactional leadership, a style focused on exchanges between leaders and followers to meet basic needs. It discusses its origins with James MacGregor Burns and its basis in Maslow's Hierarchy of Needs. The video provides examples of transactional leaders like Vince Lombardi and Bill Gates, highlighting their focus on clear goals and rewards. It also examines the characteristics of transactional leadership, including contingent rewards and management-by-exception, and evaluates its strengths and weaknesses. The video concludes by questioning the relevance of this leadership style today.

What are the five levels of needs that people pursue according to Maslow's Hierarchy of Needs?

How do transactional leaders typically reward their followers?

What is the role of management-by-exception in transactional leadership?

Can you provide an example of a well-known transactional leader and describe their leadership style?

What are some advantages of transactional leadership?

What are the disadvantages of transactional leadership as mentioned in the text?

What is your opinion on the relevance of transactional leadership in today's context?