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What is Transactional Leadership?

Transactional Leadership is the everyday leadership between a manager and colleague, officer and soldier, or any leader and their followers. It is the process of passing on a request or requirement and winning a commitment to meet it. Watching this video is worth 1 Management Courses CPD Point*. 🔎 See below for details Introduction to Leadership Program 3: Managing and Leading Individuals Course 11: Leadership Section 2: Models of Leadership Other videos in our Introduction to Leadership: 🎬 Traits based Models of Leadership    • Traits Models of Leadership   🎬 Leadership Behaviors: Task and Relationship Focus    • Leadership Behaviors: Task and Relationshi...   🎬 Action Centered Leadership - A Roles-based or Functional Leadership Model    • Action Centered Leadership - A Roles-based...   🎬 Goleman's 6 Leadership Styles - A Styles Models of Leadership    • Goleman's 6 Leadership Styles - A Styles M...   LESSON NOTES Transactional Leadership is based on transactions. A reciprocation in which followers commit to actions in exchange for some consideration. This was developed by James McGregor Burns in his towering book, Leadership [https://geni.us/LHERsIH] Transactional leadership needs a power base from which the leader can offer rewards or impose sanctions. Our Motivation Course... on YouTube, as a playlist:    • Motivation   on our website: https://mgmtcourses.com/courses/manag... Victor Vroom's Expectancy Theory:    • What is Victor Vroom's Expectancy Theory? ...   RECOMMENDED EXERCISE 1. Thinking back to recent interactions with your team, what examples of transactional leadership can you identify? (2 MC CPD Points) 2. What is the alternative to transactional leadership. To prepare for the next video in this series, think back again to recent interactions with your team. What examples of non-transactional leadership can you identify? (2 MC CPD Points) 3. How would you describe the forms of leadership you identified in exercise 2? (2 MC CPD Points) 4. Review our video on Vroom’s Expectancy Theory of Motivation:    • What is Victor Vroom's Expectancy Theory? ...   DOWNLOADS Free Resources 🧰 CPD Tools - https://gum.co/MC-CPD Paid resources 🧳 Management Courses Onboarding Kit - https://gum.co/MC-ObK ($3) RECOMMENDED READING There are a vast number of Leadership books - perhaps more than on any other management-related topic. And there is also a huge range represented in different lists of the best. This no-doubt reflects the different contexts for leadership. So, any recommended reading list of leadership books must be particularly subjective. I have chosen those that made me think, and which are of particular value to managerial leaders: not sportspeople, military leaders, or CEOs. In no particular order: 📖 Leaders Eat Last https://geni.us/ZIawP8Y 📖 Start with Why https://geni.us/D8ZSs 📖 Humble Leadership https://geni.us/KMuCl 📖 The Leadership Challenge https://geni.us/nyQ3 📖 The New Leaders https://geni.us/5ziIw 📖 Shackleton's Way https://geni.us/Oicsj 📖 Why should Anyone be Led by You https://geni.us/xugbBk1 📖 The Habit of Excellence https://geni.us/VIz8Z ⭕️ Links to our book recommendations are affiliated through Amazon and help support our free videos Managers Need a Basic set of kit to do your job well. Here are my top recommendations: https://kit.co/MikeClayton/manager-s-... (the links are affiliated) MANAGEMENT COURSES CONTINUING PROFESSIONAL DEVELOPMENT (CPD) POINTS You can record your Management Courses CPD points on our free, downloadable CPD record log. 📓 Download it at: https://gum.co/MC-CPD Each video has two levels of MC CPD points. For this video: If you simply watched the video, record 1 MC CPD point If you also carried out all of the recommended exercises, score a total of 7 MC CPD points CHAPTER MARKERS 00:00 - What is Transactional Leadership 00:26 - Definition of Transactional Leadership 00:57 - Rewards and Sanctions 01:24 - Leadership by James McGregor Burns 01:36 - Transactional Leadership and power 02:20 - Transactional Leadership, motivation, and Vroom’s Expectancy Theory 02:48 - Leadership and willing compliance 03:26 - The importance of Psychological Safety 03:54 - Transactional Leadership and Transformational Leadership #ManagementCourses #Leadership #TransactionalLeadership