Canadian business leader

Lesson 5: Effec"ve Leadership In this lesson, we will look at what it takes to be an effective leader.

Contingency Theory: In 1967, Fred Fielder (https://en.wikipedia.org/wiki/Fred_Fiedler) developed the Contingency Theory that suggests the most effective style of leadership depends on the situation. Contingency theory says that the best style of leadership depends on three factors:

Are leader-member relations good or poor? Does the group support the leader? How structured is the task? Are procedures and guidelines for the task clearly spelled out? Is the leader’s positional power strong or weak? To what degree can the leader reward or punish the group members?

Transactional Leadership: A Transactional Model states that employees are motivated by rewards and punishment. If employees do their jobs well then they can expect to be rewarded. If employees do something poorly, they can expect to be punished. Transactional Leadership can be quite effective for short-term goals with certain employees. The major disadvantage of this model of leadership is that it does not take into account that most people want more from their jobs than just a paycheque.

Transformational Leadership: Transformational Leadership is a theory of leadership that is based on visioning, enabling, and challenging followers. The theory of Transformational Leadership states that people will follow a leader who has the ability to inspire and motivate them. A transformational leader helps people to see deeper purposes behind their work, thus making them achieve high levels of motivation.

Servant Leadership is an approach defined by Robert Greenleaf (https://www.greenleaf.org/) in his 1970 essay, The Servant as Leader. Greenleaf wrote that true leaders are selected by their followers.