What is transformational leadership? give examples of organizational situations that would call for transformation, transactional, and charismatic leadership.

In Transformational leadership the leaders works to motivate and engage the followers by directing their behavior toward a shared vision.

Explanation:

An example of Transformational leadership would be when a new Company is formed and employees are motivated to work towards a common long term objective or when an established Company enters into a new Line of Business or launches a new Product.

In Transactional leadership the leader’s focus is on the role of supervision, organization, and collective performance of a group. They are concerned about the status quo and day-to-day progress toward goals. The transactional model is likely to be successful in a crisis situation or in projects that require linear and specific processes. This model is also useful for managing big Portfolios in Banks or Asset management Companies.

In Charismatic leadership the leader works on encouraging particular behaviors in others by way of eloquent communication, persuasion and force of personality. Such leaders motivate their followers to get things done or improve the way certain things are done. An example of Transformational leadership would be when a new Company is planning to expand and Takeover a new Company in the same Line of Business or when and Organization tries to achieve the best in the Industry award. This is the situation when power of speech and communication is required to persuade and motivate the people working in the Organization.

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.