ENTREPRENEURSHIP

Detailed explanation-1: -Transactional leadership uses reinforcement theory and extrinsic motivation based on a system of rewards, incentives and punishment. Employees earn contingent rewards and perks if they reach their goal.

Detailed explanation-2: -Transactional contingent reward refers to how the leader clarifies the role and task requirements for subordinates as well as the performance criteria and the rewards upon accomplishing desired goals (Bass, 1985).

Detailed explanation-3: -Transactional leadership, often referred to as managerial leadership, is a leadership style that relies on rewards and punishments. This leadership style clearly emphasizes structure, assuming individuals may not possess the motivation needed to complete their tasks.

Detailed explanation-4: -House’s Path Goal Theory. The theory was developed by Robert House and has its roots in the expectancy theory of motivation. The theory is based on the premise that an employee’s perception of expectancies between his effort and performance is greatly affected by a leader’s behavior.