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Transformational Leadership

Author

Listed:
  • VASKO STAMEVSKI

    (International Slavic University "Nikolai Derzhavin Romanovikj", Sveti Nikole - Bitola)

  • ELIZABETA STAMEVSKA

    (European University – Republic of Macedonia, Skopje)

Abstract

Transformational leadership is a central approach to leadership and has a key position in the new theory related to leadership as a process, regardless of the activity. Leaders to be successful and functional, timely need to start understanding and acceptance of change and to develop the potential they have, which will contribute to the success of the organization. It is thought that transformational leadership only lead to fundamental changes in the organization. Individuals who have made significant contributions to their organizations and their personal vision and energy to inspire followers are called charismatic or transformational leaders. They are able to influence the creation of change, not only to adapt to them. In times of globalization, uncertainty and crisis task of leaders is to keep abreast of developments, to upgrade and adapt to changing conditions in the environment, in order to successfully cope with the competition and achieve competitive advantage.

Suggested Citation

  • Vasko Stamevski & Elizabeta Stamevska, 2016. "Transformational Leadership," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 12(2), pages 155-164.
    • Handle: RePEc:neo:journl:v:12:y:2016:i:2:p:155-164
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    More about this item

    Keywords

    transformational leadership; leadership; social environment; organization; change.;
    All these keywords.

    JEL classification:

    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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