Importance Of Transformational Leadership In Nigeria
In view of the significant opportunities Integrated Reporting presents for Nigeria, it becomes clear that its adoption will be invaluable to the growth and development of organisations on a micro level and the nation at a macro level. However, it is important to note that irrespective of the policy mandates which may establish Integrated Reporting as a new standard, Nigeria’s ability to harness its tremendous potential is hinged on the commitment of business leaders to bring it to life within their organizations, without compromise. Similarly, the leadership oversight and responsible custodianship of the xxx as the governing body to drive compliance cannot be overemphasized.
Furthermore, given that …show more content…
The Business Dictionary defines Transformational Leadership as a “Style of leadership in which the leader identifies the needed change, creates a vision to guide the change through inspiration, and executes the change with the commitment of the members of the group” (http://www.businessdictionary.com/definition/transformational-leadership.html). This definition is consistent with that of leadership expert, James McGregor Burns who is attributed to have introduced the concept of transformational leadership in 1978 and defined it as a process where "leaders and their followers raise one another to higher levels of morality and motivation." (https://www.mindtools.com/pages/article/transformational-leadership.htm).
Similarly, Alexia Vernon (Forbes, August 2015) describes Transformational Leaders as “people who, irrespective of audience, possess the ability to create big shifts in their audiences’ thinking, which leads to big shifts in their behavior, which enables them to achieve extraordinary results.”
In attempting to further understand the characteristics of a transformational leader, Bernard M. Bass is attributed to have further expounded on this is his book “Leadership and Performance Beyond Expectations, 1985). He describes this kind of leader as one who:
• Is a model of integrity and