What is a transactional leader? What is a transformational leader? Explain how the two types of leadership differ.
What will be an ideal response?
Transactional leadership focuses on clarifying employees' roles and task requirements and providing rewards and punishments contingent on performance. It also encompasses setting goals and monitoring progress.
A transformational leader is a visionary who challenges people to perform above and beyond what's expected of them; to pursue organizational goals over self-interest. These leaders transform others. They engender trust, seek to develop leadership in others, exhibit self-sacrifice, and serve as moral agents, focusing themselves and their followers on objectives that transcend the more immediate needs of the work group.
Whereas transactional leaders try to get people to do ordinary things, transformational leaders encourage people to do exceptional things that can produce significant organizational change and results. While transactional leaders are dispassionate, transformational leaders excite passion, inspiring and empowering people to look beyond their own interests to the interests of the organization. The best leaders are both transactional and transformational. Transactional leadership is a prerequisite to transformational leadership.
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In a sequential new product development process, which of the following is true of the product development step?
A) Product development is usually followed by a business analysis of the product. B) Product development involves introducing a product into realistic market settings. C) Product development avoids testing products on actual customers due to liability concerns. D) Product development is usually followed by test marketing. E) Product development helps top management review profit projections.
Which one of the following violates the guidelines that your text provides for working with media representatives?
A. Talk from the viewpoint of the public's interest, not the organization's. B. Do not call a press conference unless you have what reporters consider news. C. If a reporter asks a direct question, give an equally direct answer. D. If you don't want something you said used in a story, tell the reporter that it was "off the record." E. Tell the truth, even if it hurts.
Jennifer enters into a contract to purchase one of Richard's sculptures. Richard is known for his own unique style of sculpting. Due to time constraints, Richard refuses to create a sculpture for Jennifer
If Richard breaches the contract, which of the following equitable remedies is the court likely to order? A) reformation B) specific performance C) injunction D) rescission
Which of the following is an objective of the North American Free Trade Agreement (NAFTA)?
a. Create trade barriers to the movement of goods and services across the borders. b. Promote conditions of fair competition in the free trade area. c. Decrease investment opportunities in the area. d. Provide adequate and effective enforcement of all types of property rights.