The aim of this essay is to analyse the Transactional Theory which is a theory of leadship.
First of all, examine the key elements of Transactional Theory, assesses its strengths and weaknesses and evaluates its influences on the management practice of organisations.
2. use contemporary examples of business practice from the hospitality, tourism or retail industry.
3. use empirical evidence to justify the Transactional Theory from journal articles
4.use a short paragraph to compare Transactional Theory with the Transformational Theory which is another leadship theory.
5. Use at least 4 references from the list below
Alimo-Metcalfe, B., & Alban-Metcalfe, J. (2002) The great and the good People Management. January 32:34 .
Bennis, W. (2007). The challenge of leadership in a modern world. American Psychologist, Jan 2-5.
Brodbeck et al (2000) Cultural variation of leadership prototypes across 22 European countries. Journal of Occupational & Organizational Psychology,73(1):1-
Goffee R E, and Jones G (2000) ?Why should anyone be led by you?, Harvard Business Review, September-October 78 (5): 62-70 . Haslam, S. A., & Platow, M. J. (2001). The link between leadership and followership: How affirming social identity translates vision into action. Personality and Social Psychology Bulletin, 27, 1469-1479.
Vroom, V.H. (2007) The role of the situation in leadership. American Psychologist, Jan., 17-24.
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