Video:What Is a Management Leadership Theory?
with Dr. Jean LeahyAccording to Weber's management leadership theory, there are three specific types of leaders. This video from About.com will define the different types of heroes in the management leadership theory.See Transcript
Transcript:What Is a Management Leadership Theory?
Hello, I am Dr. Jean Leahy, a clinical psychologist in private practice in Chicago. I'm here today with About.com. Today we're going to talk about management leadership theory.
Origin of Management Leadership Theory
Management leadership theory is also known as transactional theory. It focuses on the interaction between a leader and his or her followers. This theory was founded by Max Weber, and further explored by Bernard Bass in the early 80's. Management leadership theory is fundamentally a system of rewards and punishments.
Three Types of Leaders
According to leadership theory, there are three types of leaders. The first is a charismatic leader, who shows bravery and takes risks. The second is a transformational leader, who transforms coworkers for the good of the group. The last type of leadership is transactional, and it is the most common form of leadership. A transactional leader believes people perform their best when the chain of command is clear. They also believe workers are motivated by rewards and punishments.
Transactional Leadership
Transactional leaders believe it is important to monitor their employees to make sure they are doing a good job. The reason this is called "transactional leadership" is because the leader believes there is an exchange between the leader and the employees. For example, in business, if an employee does a good job, he may get a promotion. And if he does not do a good job, he may get a poor review. The business industry is where you often find the transactional style of leadership.
To learn more about the transactional style of leadership, visit us on the web at About.com.