Transformational leadership and Innovation: key drivers of Organizational Performance
Keywords:
Transformational Leadership, Innovation, Organizational PerformanceAbstract
This article aims to study and analyze the characteristics of transformational leadership in relation to innovation and organizational performance by considering the characteristics that leaders have influencing their colleagues and followers through the following characteristics: organizational leadership, idealized influence, inspirational motivation, intellectual stimulation, Individualized consideration, Self-Efficacy Building, collaborative Enhancement, supporting for learning and development, and Empowering followers. It also considers the role of transformational leadership in creating and promoting innovation in organizations, classifying innovation into several types, such as product innovation, process innovation, marketing innovation, organizational innovation, service innovation, and business model innovation. This article also demonstrates the relationship between transformational leadership and innovation that influence organizational performance in various aspects, namely, financial performance, operational performance, customer satisfaction, human resource development, increasing efficiency and growth, market adaptation and competition, creating competitive advantage, supporting learning and organizational development.
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