1.What is the "Contingency" approach to Leadership? 300 words You will need to explain and discuss this approach to leadership using 1 academic source and 1 non academic source 2.Leadership Style 500 words Choose a leadership style from the 5 described on PAGE 3 below, explain and discuss using 1 academic source, and 3 Non-academic source the characteristics of this style. Provide 1 ONE corporate (business leader) examples who use this leadership style: INDIVIDUAL Assignment Part 1 - Research Paper 3. Competencies 500 words List 2 competencies (skills and abilities) you need to become successful in this style of leadership? Use 1 academic source and 3 non-academic sources to support your ideas and use your previous "Leader example" in section2 to explain and discuss these competencies. 4. Reference List: Minimum of 3 academic references AND 6 non-academic sources such as blogs, newspapers and business magazines References need to be listed in Alphabetical order. The Harvard referencing system must be used throughout the paper by each student. Choice of Leadership Style: Transformational leadership Often considered among the most desirable employees, people who show transformational leadership typically inspire staff through effective communication and by creating an environment of intellectual stimulation. However, these individuals are often blue-sky thinkers and may require more detail-oriented managers to successfully implement their strategic visions. Transactional leadership Transactional leadership is focused on group organization, establishing a clear chain of command and implementing a carrot-and-stick approach to management activities. It is considered transactional because leaders offer an exchange; they reward good performances, while punishing bad practice. While this can be an effective way of completing short- term tasks, employees are unlikely to reach their full creative potential in such conditions. Democratic leadership Also known as participative leadership, this style - as the name suggests - means leaders often ask for input from team members before making a final decision. Workers usually report higher levels of job satisfaction in these environments and the company can benefit from better creativity. On the downside, the democratic process is normally slower and may not function well in workplaces where quick decision-making is crucial. Charismatic leadership There is a certain amount of overlap between charismatic and transformational leadership. Both styles rely heavily on the positive charm and personality of the leader in question. However, charismatic leadership is usually considered less favourable, largely because the success of projects and initiatives is closely linked to the presence of the leader. While transformational leaders build confidence in a team that remains when they move on, the removal of a charismatic leader typically leaves a power vacuum This Management Assignment has been solved by our Management experts at TVAssignmentHelp. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style. Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There's one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.