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It is about coping with change.
A leader is faced with many challenges, particularly in complex, rapidly changing environments. This means more than just sustaining a competitive advantage and strengthening profitability; it also means establishing ethical standards, ensuring the organisation is fostering a safe and equitable work environment, as well as attending to civic responsibilities.
What makes an individual an effective leader? There is a vast amount of literature on this topic , but we will focus on the broader and more compassing way to define leadership, which is to identify them as either transactional or transformational;
Transactional Leadership
Transactional leadership is characterised by an exchange relationship in which leaders motivate followers by providing them with rewards (or punishment) in return for follower effort (or lack of it)...
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