There are broadly two kinds of leadership: transactional leadership and transformational leadership. Transactional leaders give clear goals to be achieved. The job holder has to accomplish them. Many companies all over the world follow this model by giving goals, identifying key performance indicators and giving a target date by which an individual employee has to accomplish the goals. The performance appraisal systems are designed to measure the achievements of goals in a specified time frame. The person is rewarded/punished based on accomplishment of the goal. Providing incentives to achieve greater targets is a part of design to motivate people to achieve their goals. This system has worked well in most cases.
However, in bad times, many top performers desert organisations when the company is not in a position to reward handsomely or give huge incentives. The employees have no intrinsic loyalty or love towards the organisation.
Researchers globally are looking for a more holistic leadership style that can intrinsically motivate employees to be loyal, dedicated, committed and altruistic. The Armed Forces in many countries have done substantial research to motivate the soldier based on patriotism, honour, valour, service before self—more than just money. They have succeeded.
This story is from the August 12, 2020 edition of The New Indian Express Chennai.
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This story is from the August 12, 2020 edition of The New Indian Express Chennai.
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