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Transactional leadership:
The transactional leadership is one more category of leadership style at which point the leader accepts certain tasks to perform and provide rewards or punishments to team members based on performance results. Managers and team members set predetermined goals together, and employees agree to follow the direction and leadership of the manager to accomplish those goals. Employees receive rewards, such as bonuses, when they accomplish goals.
Demerits of specialisation include: There is superior risk in providing only a restricted range of products or services, i.e. individual traders are not capable to enjoy
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