Leadership Paradigms in Modern-Day Companies Term Paper

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Transactionally, leaders work with their followers rather than mandating the rules and regulations of the company. Instead there is a respect and consideration for each individual within the company. Each individual's needs, abilities and aspirations are taken into account to ensure that each person enjoys work satisfaction. Entities such as labor unions and other committees focused on the needs of the worker have been instated as part of this paradigm.

The transactional-functional paradigm of management thus incorporates all the social ideals that have evolved in society over the last century. Leadership has changed from autocratic and traditional to a more flexible paradigm. It is therefore clear that management has evolved to accommodate the society within which companies function.

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Evolution thus ensures the survival not only of a species, but also of a company in business. The transactional-transformational paradigm in its very nature entails evolution. It is a transaction between managers and their followers in order to ensure the transformations necessary for survival in business, as well as continued customer and worker satisfaction. It is only through continuous change and evolution, and through working together with team members, that a business can succeed in the competitive world. For this, the transactional-transformational paradigm is ideal, because it is dynamic......

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