After joining XYZ Company as CEO, Mr. Jack focused on the personal needs of each employee and treated them individually. Instead of giving direct instructions, Mr. Jack used to intellectually stimulate employees to look at the problem in a new way to find a suitable solution. It affected the employees positively and they start focusing on their targets by working restlessly to meet the expectations. As a result, the profits of XYZ Company increased by 30% in a year. Moreover, innovative and new products were also introduced in the market to gage the status of market leaders. Looking at the above scenario:
Q.1: How would one define transformational leadership? Also discuss its characteristics.
Q.2: How transformational leadership can be different from transactional leadership?