LINKING TRANSFORMATIONAL LEADERSHIP TO FOLLOWERS' PERFORMANCE IN THE NIGERIA BANKING INDUSTRY
Curbing incidences of high turnover, low employee morale, embezzlement of funds and other counter-productive behaviours from followers in the banking industry are critical issues. This paper linked transformational leadership to followers’ performance. The study examined idealized influence, inspirational motivation, intellectual stimulation and individualized consideration as components of transformational leadership and how they predict performance of followers from five first tier banks in Nigeria, going by the 2012 financial report rating by Augusto and Co. A response sample of 400 respondents participated in the study, using stratified random sampling technique. The retrieved data was analysed using Pearson Correlation Coefficient. The study concluded that all the four aspects of transformational leadership are significantly related to employees’ performance, as exemplary and visionary leadership embedded in the transformational leader is highly desired in the industry. The study recommended that management of banks should constantly review the activities of line and operational managers to ascertain that transformational leadership principles are in practice, towards the performance of followers and a well-functioning organisation. This study impacts on the reading community in empirically highlighting the critical role of transformational leadership in the banking industry as a modern leadership style that can improve followers’ performance and can be applicable to other industries, businesses and works of life.
|Keywords: Leaders, Followers, Transformational Leadership, Performance, Banking, Nigeria|
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