Compare transformational and transactional leadership. Provide examples of each.
What will be an ideal response?
Transformational leaders motivate people to transcend their personal interests for the sake of the larger community. They generate excitement and revitalize organizations. Transactional leaders view management as a series of transactions in which they use their legitimate, reward, and coercive powers to give commands and exchange rewards for services rendered. Unlike transformational leadership, transactional leadership is dispassionate; it does not excite, transform, empower, or inspire people to focus on the interests of the group or organization. Transactional approaches may be more effective for individualists than for collectivists.
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When Airborne Aircraft acquired Bell Airplanes, the executives of the two companies identified key employees they needed for the combined companies' success. One of them was Patrick, the vice president of engineering. The executives offered Patrick a one-time bonus of $25,000 if he stayed with the company for 12 months following the acquisition. In this scenario, Patrick's $25,000 represents
A. a retention bonus. B. stock options. C. a differential piece rate. D. a commission. E. merit pay.
Part-time paid employees who work exclusively for the company are a part of the ________ salesforce
A) direct B) virtual C) contractual D) implicit E) brokered
The primary objective of cluster analysis is to classify objects into relatively homogeneous groups
Indicate whether the statement is true or false
Under conditions of limited resources, when a company is comparing several investments with different amounts of initial cost, the decision should be made on the basis of the ________.
A) highest total cash inflows B) shortest payback period C) highest profitability index D) highest NPV