Transformational leadership is a leadership style that can inspire positive changes in those who follow. Transformational leaders are generally energetic, enthusiastic, and passionate. Not only are these leaders concerned and involved in the process; they are also focused on helping every member of the group succeed as well.
The transformational leadership style is where a leader leads by example and inspires people to follow the values and beliefs they believe in. This is where charismatic and enthusiastic leader showcases their talents and passions to inspire the team into doing things that are going to help the organization fulfil its required agendas.
The four elements that make up an effective transformational leadership are:
Idealized influence: is a role model leader, an example to live by.
inspirational motivation: motivates the people to align with the vision of the company.
intellectual stimulation: channels everyone's innovative streaks and create work into creating something absolutely amazing.
individual consideration: Acts as a coach or mentor to the team always providing them with uninterrupted support and push.
We can see transformational leadership in action through leaders like:
Jeff Bezos
Henry Ford
Bill Gates
John D Rockefeller
Ross Perot
Reed Hastings
Some common characteristics in leaders who follow the transformational leadership style are:
Innovative and driven by creativity
Strong beliefs
Have a clear vision
Believe in people-first
Charismatic and enthusiastic
Risk-takers
Story tellers
Following transactional leadership, leaders would follow the rewards and punishment method for motivating employees. In this the leader would demand for the employee’s performance for their own self-interest.
On the other hand, transformational leadership is the kind where the leader would nurture and guide the employees towards a common goal by inspiring them to do better.