Transactional leaders focus on supervision, extrinsic rewards and performance in employees. They are concerned with day-to-day progress toward mutual and company goals. In contrast, transformational leaders cultivate motivation and engagement of employees by directing overall behavior toward a shared vision.
“A transformational leader transcends managing day-to-day operations to design strategies for taking the company or work team to the next level of performance and success. Transformational leadership styles focus on team building, motivation and collaboration with employees at different levels to accomplish change for the better,” he explains.
“Essentially, great leaders have a strong passion for challenging goals, and they inspire that in others,” he says. “But if the leader does not work with the follower to achieve this goal, they will not be successful. Leaders, no matter how skilled, cannot achieve their goals alone.”
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Source: Adapt Consulting Blog