ENTREPRENEURSHIP

Detailed explanation-1: -Charismatic management or leadership is a form of professional guidance or management built on a foundation of strong communication skills, persuasiveness, and maybe even a little bit of charm to help them get the most out of everyone that works for them.

Detailed explanation-2: -A transformational leadership style inspires employees to strive beyond required expectations to work toward a shared vision, whereas transactional leadership focuses more on extrinsic motivation for the performance of specific job tasks. Learning to balance these styles can help leaders reach their full potential.

Detailed explanation-3: -There are four factors to transformational leadership, (also known as the “four I’s"): idealized influence, inspirational motivation, intellectual stimulation, and individual consideration. Each factor will be discussed to help managers use this approach in the workplace.

Detailed explanation-4: -Visionary leadership is a type of leadership that focuses on the future and inspires others to achieve long-term goals. Transformational leadership is a type of leadership that creates positive change in individuals and organizations. Both types of leadership are important for effective organizations.