leadership awards

admin On July - 6 - 2010

Departures (DVD)

$19.45

After Daigo Kobayashi (Masahiro Motoki) loses his job as a cellist, he feels lost. Daigo returns to his hometown in search of work, and a job ad leads him to work at a funeral home. While those around him shun his new career, Daigo finds solace and dir...

Bars Awards

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Bars Awards

Leadership

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Leadership - Stretched Canvas Print

A Look at the Benefits of Transactional Leadership Style

Leadership style plays a crucial role in the development of an organization. Transactional leadership is of the leadership style that is often used by many companies. Transactional leadership believes that punishment and reward motivate people. This leadership also assumes that when people agree to do a particular assignment, a part of that agreement is that they give up all authority to their boss. The leader holds control and power over the subordinates. The main goal of the employee is to obey the orders of their managers. The idea is that when a subordinate takes up a job, he or she agrees to obey their manager totally. The ‘transaction’ is the money or any other award that the company pays to its subordinates for their compliance and effort. The relationship between the subordinate and the leader becomes transactional. In transactional leadership the leader has the right to punish his or her subordinates if their performance is not according to the predetermined standard.

Transactional leadership makes clear that what is required and expected from their subordinates. It also mentions that subordinates will get award if they follow the orders seriously. Sometimes punishments are not mentioned but they are understood. In the early stages of transactional leadership, subordinate is in the process of negotiating the contract. The contract specifies fixed salary and the benefits that will be given to the subordinate. Rewards are given to subordinates for applied effort. Some organization use incentives to encourage their subordinates for greater productivity. Transactional leadership is a way of increasing the performance of its subordinates by giving them rewards. Transactional leadership is also called as ‘true leadership style as it focuses on short term goals instead of long term goals.

In Transactional leadership, when the leader assigns work to its subordinates, then it is the responsibility of the subordinate to see that the assigned task is finished on time. If the assigned task is not completed on time or if something then punishment is given for their failure. But if they accomplish the task in time then the subordinates are given reward for successfully completing the task. Subordinates are also given award and praised for exceeding expectations. A subordinate whose performance is below expectation is punished and some action is taken to increase his or her performance.

Transactional leadership has more of a ‘telling style’. Transactional leadership is based on the fact that reward or punishment is dependent on the performance. Even though researchers have highlighted its limitations, transactional leadership is still used by many employers. More and more companies are adopting transactional leadership to increase the performance of its employees. This approach is prevalent in real workplace.

The main limitation of this leadership is that it assumes that people are largely motivated by simple rewards. Under transactional leadership, employees can’t do much to improve job satisfaction. Transaction leadership has been ineffective in providing skilled employees to their organization. This style of leadership is least interested in changing
the work environment. Experts do not recommend this approach. Transactional leadership focuses more on management of punishments and rewards.

About the Author

Muna wa Wanjiru Has Been Researching and Reporting on Leadership for Years. For More Information on Transactional Leadership, Visit His Site at Transactional Leadership

Usibc Awards for Mukesh Ambani, Boeing's Mcnerney

New Delhi, June 25, Reliance Industries Ltd (RIL) head Mukesh Ambani and Boeing chief James W. McNerney will receive the United States-India Business Council (USIBC) leadership award for "Global Vision" 2007 in Washington on Wednesday.

US Secretary of State Condoleezza Rice will also be honoured with the USIBC distinguished service award.

The awards will be given at the two-day USIBC 32nd anniversary summit at the US Chambers of Commerce, a statement from Washington Sunday said.

US Commerce Secretary Carlos Guteirrez will deliver the inaugural speech at the summit that US Trade Representative Susan Schwab and Indian Commerce Minister Kamal Nath will also attend.

Rice will deliver the keynote speech on "Uniting Two Great Democracies for 21st Century", the statement said.

Kicking off the summit Tuesday will be the 32nd Anniversary Cultural Recital and Gala Dinner at the John F. Kennedy Center for the Performing Arts with a sarod recital by maestro Amjad Ali Khan, whose sons Amaan Ali Khan and Ayaan Ali Khan will accompany him.

Meanwhile, sources here said Ambani would meet three top US officials, including Rice, at the event and was likely to hold discussions on a range of issues like outsourcing and energy security.

"Discussions are also likely on alternative energy sources in the wake of growing international concerns over global warming," the sources added.

The Washington headquartered USIBC, a premier advocacy organization, promotes economic reforms to deepen trade relations and broaden commercial ties between the two countries.

"USIBC formulates an annual work plan that targets specific issues important to its 250 member-companies, compiled from progress on-the-ground and to devise strategies and prepare representations to advance sector-specific reforms in India," council president Somers said in the statement.

Toward this, USIBC has partnered with premier Indian business organizations like the Confederation of Indian Industry (CII), the Federation of Indian Chambers of Commerce and Industry (FICCI), the American Chamber of Commerce in India (AmCham India), National Association of Software and Service Companies (NASSCOM), The Indus Entrepreneurs (TiE), and the Indo-American Chamber of Commerce (IACC).

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