The Impact of Transformational Leadership on Organization Growth

Questions: 1. What is the impact of transformational leadership of top leaders on organizations growth? 2. How transformational leadership can drive the growth and development for large organizations? Answers: SECTION 1: 1.1 Introduction Transformational leadership is often defined as the that particular style of leadership which encourages the leader to participate in the various operational activities of the organization, to make significant contribution to the process of defining the changes that must be incorporated within the organization, to assist the subordinates in defining the aims an objective of the change management process and to execute the said changes in a committed manner (Clarke, 2013). Researchers al-Dumur and al-Awamilah (2013) are of the opinion that the transformational leadership style is one of the most appreciated and most successful organizational leadership styles that are practiced in the real world. The primary objective of this paper is to provide insight in to a project aimed at assessing the impact of transformational leadership style on the growth of organizations. A brief description of the problem would be stated, along with the identification of the aims and objectives of the research work. The research work is being conducted to find the answers to certain queries: the said questions would also be mentioned in the paper, along with the methods chosen for conducting the research work. 1.2 Problem Statement Transformational leadership is often considered as that particular type of leadership styles that emphasizes on providing the subordinates with long term vision based motivations, thus enhancing the entire work environment (Choudhary, Akhtar Zaheer, 2013). Numerous research works have been conducted in the recent past with the aim of identifying the most appropriate and successful method of organizations and the findings of majority of such studies indicated that the utilization of transformational leadership style has been found effective in increasing the efficiency of the employees, thus enhancing the financial benefits of the organization (Roueche et al. 2012). However, very few studies have been directed towards the identification of the relationship between the said leadership style and the overall growth of the organization. The absence of scholarly works in the said domain has encouraged the researchers to make an attempt at identifying the manner in which transformational leadership styles influence the overall goal of a business organization. 1.3 Research Objectives/Questions 1.3.1. Aim of the research work The aim of the said research work is to identify the impact of transformational leadership styles on the overall growth of an organization, besides revealing the manner in which the said leadership style can be effectively used to escalate organizational development and growth. 1.3.2. Objective of the research work The objectives of this research work are: To identify and analyze the impact of transformational leadership styles on the overall growth of an organization. To reveal the manner in which the transformational leadership style can be effectively used to escalate organizational development and growth. 1.3.3 Research questions The proposed research work would be conducted so as to find the answers to the following sets of questions: How does transformational leadership practices of the higher management influence the growth of an organization? How transformational leadership can be efficiently used to drive the overall growth and organizational development for business corporations? 1.4 Justification Of The Project It has already been mentioned that in spite of the fact that transformational leadership style is unanimously considered as the most efficient manner leading the subordinates within an organizational infrastructure, the number of research conducted towards the identification of the influence of transformational leadership styles on organizational growth factors. Thus, conducting the proposed research work is justified as it would facilitate the identification of the following factors: The effect or impact of transformational leaders (or their leadership styles) on the daily operational activities of business organizations. The efficient utilization of the principle of transformational leadership in escalating the growth of business organizations. The findings of this research work would be efficiently used by organizational leaders to boost up the morale of their employees, thus enhancing their efficiency: a much used route for achieving organizational growth. The findings of this research work would also be of much help to organizations that encourage transformational leadership styles but still struggling with finding the route to organizational growth. Last but not the least, the findings of this research work can be used to conduct a comparative study between the efficiency of various leadership styles in making a business organization grow. 1.5 Expected Research Output/Outcome It is being expected that the findings of this research work would help in the development of a conceptual framework, which in turn could be utilized in understanding how transformationa leaders can influence the growth of an organization in a direct or indirect manner. Besides this, the said research work would be helpful in revealing the strategies that transformational leaders use to ensure both financial and organizational growth of business enterprises. The proposed research work is expected to find answers to all the research questions defined in the section above: the literature review, data collection and data analysis sections would in evidently help in creating a blue print for the successful and efficient utilization of the transformational leadership principles in the practice. It is expected that organizations that are striving at finding the right leadership strategy or the entrepreneurs who are considering setting up new ventures would be immensely benefitted by the findings of the research work. SECTION II: 2.1 Conceptual Framework Researchers (Lowe and Avolio, 2013) have made an attempt of identifying the most common leadership factors that are capable of influencing the growth of an organization: the factors revealed by them include the technical and industrial knowledge of the leader in concern, the manner in which he or she motivates the subordinates, the personality of the said leader and his / her motives. Authors Van Dierendonck et al. (2014) on the other had are of the opinion that the higher management of an organization can play a significant role in escalating the growth of an enterprises. Researchers Baloch, Ali and Zaman (2014) second their opinion as they are of the opinion that the higher management retains the unique capability of managing the manner in which the employees interact with each other, maintain a competitive spirit among the employees and develop a healthy work environment: needless to say that all these factors are essential for the growth of an organization. Figure 1: Conceptual Framework of organizational growth 2.2 Research Hypothesis In the light of the research objectives and research questions stated in section 1, the following research hypothesis are being stated so as to be tested during the research work: H (1): Null Hypothesis: Transformational leadership has no impact on the growth and development of an organization. H (2): Alternate Hypothesis: Transformational leadership has significant impact on the growth and development of an organization. 2.3 Research Methodology The following research methodologies would be utilized for conducting the research work: Literature review: Researchers Takhar-Lail and Ghorbani (2015) are of the opinion that conducting a review of the existing literary articles provides an insight in to the domain being studied upon. A detailed literature survey would thus be conducted so as to collect secondary information on the research topic. Data collection: It has already been mentioned that the primary objective of conducting the research work would be to collect information from secondary sources. On the other hand, primary data to be utilized in the research work would be collected using the following techniques: Group interviews: Veteran organizational leaders would be interviewed so as to collect information regarding their leadership styles and the efforts they made towards the growth of the organizations they have been associated with (Coleman Ringrose (2013). Online questionnaires would be utilized to collect information from individuals willing to participate in the survey (Wahyuni, 2012). The questioner would be set up keeping the objective of the research work in mind and is expected to reveal information useful for the study. Data analysis: The collected using the above mentioned techniques would be interpreted using both qualitative and quantitative methods of data analysis. Quantitative data analysis: The two techniques to be utilized by quantitative data analysis include descriptive statistics and hypothesis testing . The term descriptive statistics can be utilized to define the process of collecting statistical data from secondary resources ( including the standard deviation, mean, mode and median of the key variables of the research work), so as to compare the position of each of the values with that of the mean (Amelina, 2012). On the other hand, hypothesis testing would be utilized so as to understand whether the data collected during the research study supports the research hypothesis or not (Petty, Thomson and Stew, 2012). Besides this, the technique of regression analysis would also be utilized for interpreting the information shared by the individuals who participated in the survey (Feinsinger, 2013). Qualitative data analysis: The information collected from the secondary sources of data (including existing literary articles, scholarly papers, etc) interpreted so as to develop the relationship between the various information available from the interviews and the online surveys (Finley, 2014). It is expected that the utilization of the above mentioned methods would facilitate the process of meeting the objectives of the research work SECTION III: The following section of the report presents a detailed description of the manner in which the findings of the proposed research work would be published, along with the estimated time and budget required for conducting the project in a successful manner. 3.1 Organization of the Study The findings of the proposed research work would be presented in form of a report: the contents of the report being segregated in to the following sections: Chapter 1: Introduction The very first chapter of the report would be utilized to introduce the research topic to the audience: a brief description of the research domain, along with the formal definition of transformational leadership would be presented in this section. Besides this, the aim and objective of the research work, along with the justification behind the selection of the research topic would be presented in this chapter. Chapter 2: Literature Review The conduction of a background literature is considered to be an essential element of any research work: the second chapter of the report would be utilized to discuss the information available from the existing literary works. Chapter 3: Research Methodology It is a well known fact that the identification of appropriate research techniques facilitates the conduction of successful research works. Thus, the third chapter of the report would be utilized to identify the techniques that have been utilized in conducting the research work: justification for the selection of the said techniques would also be mentioned in this chapter. Along with the above mentioned factors, discussions would also be made on the interview questions and the online questionnaire that have been utilized for collecting information from the primary data sources. Chapter 4: Data Analysis The data collected from the primary and secondary sources of data would be analyzed using various analytical techniques: the results of this analysis would be described in chapter 4 of the report. Chapter 5: Conclusions and Recommendations This would be the last and concluding chapter of the report: the findings of the research work would be presented in a comprehended manner, besides pinpointing the direction in which further research works can be conducted. Attempts would also be made toward assessing the success of the research work with respect to its aim and objectives. 3.2 Project Schedule The project has been scheduled in the following manner: Table 1: Estimated time schedule Outline Number Task Name Duration Start Finish 0 Research work 87 days? Fri 7/1/16 Mon 10/31/16 1 Start date 0 days Fri 7/1/16 Fri 7/1/16 2 Topic Selection 22 days? Fri 7/1/16 Mon 8/1/16 2.1 Considering a wide range of topics to conduct research on 10 days Fri 7/1/16 Thu 7/14/16 2.2 conducting primary background research on the selected topics 5 days Fri 7/15/16 Thu 7/21/16 2.3 Finalizing the domain of research 5 days Fri 7/22/16 Thu 7/28/16 2.4 Research topic finalized 1 day? Fri 7/29/16 Fri 7/29/16 2.5 finalizing the research topic 2 days Fri 7/29/16 Mon 8/1/16 2.6 research topic finalized 0 days Mon 8/1/16 Mon 8/1/16 3 Creating the layout of the research work 10 days Tue 8/2/16 Mon 8/15/16 3.1 Forming the research plan 5 days Tue 8/2/16 Mon 8/8/16 3.2 Selecting the research techniques to be used 5 days Tue 8/9/16 Mon 8/15/16 4 Data collection 25 days? Tue 8/16/16 Mon 9/19/16 4.1 collecting data from secondary sources 7 days Tue 8/16/16 Wed 8/24/16 4.1.1 literature review 7 days Tue 8/16/16 Wed 8/24/16 4.2 collecting data from primary sources 18 days? Thu 8/25/16 Mon 9/19/16 4.2.1 Conducting group interviews 4 days? Thu 8/25/16 Tue 8/30/16 4.2.1.1 Group interview 1 1 day? Thu 8/25/16 Thu 8/25/16 4.2.1.2 Group interview 2 1 day? Fri 8/26/16 Fri 8/26/16 4.2.1.3 Group interview 3 1 day? Mon 8/29/16 Mon 8/29/16 4.2.1.4 Group interview 4 1 day? Tue 8/30/16 Tue 8/30/16 4.2.2 Online survey 18 days Thu 8/25/16 Mon 9/19/16 4.2.2.1 creating the questionnaire 3 days Thu 8/25/16 Mon 8/29/16 4.2.2.2 conducting the survey 15 days Tue 8/30/16 Mon 9/19/16 4.3 data collection completed 0 days Mon 9/19/16 Mon 9/19/16 5 Analysis and Interpretation of the information collected 10 days Tue 9/20/16 Mon 10/3/16 5.1 qualitative analysis 10 days Tue 9/20/16 Mon 10/3/16 5.2 quantitative analysis 10 days Tue 9/20/16 Mon 10/3/16 5.3 data analysis completed 0 days Mon 10/3/16 Mon 10/3/16 6 Arriving at the conclusions 3 days Tue 10/4/16 Thu 10/6/16 7 Creating a rough draft to present the findings of the research work 7 days Fri 10/7/16 Mon 10/17/16 8 Publishing the results of the research work 10 days Tue 10/18/16 Mon 10/31/16 9 End date 0 days Mon 10/31/16 Mon 10/31/16 Figure 2: Gantt char of the project 3.3 Project Budget and Budget Justification The estimated budget of the project is being provided in the following table: Table 2: Estimated budgetary requirements Outline Number Task Name Duration Start Finish Predecessors Resource Names Cost 0 Research work 87 days? Fri 7/1/16 Mon 10/31/16 $4,000.00 1 Start date 0 days Fri 7/1/16 Fri 7/1/16 $0.00 2 Topic Selection 22 days? Fri 7/1/16 Mon 8/1/16 $0.00 2.1 Considering a wide range of topics to conduct research on 10 days Fri 7/1/16 Thu 7/14/16 1 $0.00 2.2 conducting primary background research on the selected topics 5 days Fri 7/15/16 Thu 7/21/16 3 $0.00 2.3 Finalizing the domain of research 5 days Fri 7/22/16 Thu 7/28/16 4 $0.00 2.4 Research topic finalized 1 day? Fri 7/29/16 Fri 7/29/16 5 $0.00 2.5 finalizing the research topic 2 days Fri 7/29/16 Mon 8/1/16 5 $0.00 2.6 research topic finalized 0 days Mon 8/1/16 Mon 8/1/16 7 $0.00 3 Creating the layout of the research work 10 days Tue 8/2/16 Mon 8/15/16 $0.00 3.1 Forming the research plan 5 days Tue 8/2/16 Mon 8/8/16 7 $0.00 3.2 Selecting the research techniques to be used 5 days Tue 8/9/16 Mon 8/15/16 10 $0.00 4 Data collection 25 days? Tue 8/16/16 Mon 9/19/16 $3,000.00 4.1 collecting data from secondary sources 7 days Tue 8/16/16 Wed 8/24/16 $1,000.00 4.1.1 literature review 7 days Tue 8/16/16 Wed 8/24/16 11 Literature Review[1] $1,000.00 4.2 collecting data from primary sources 18 days? Thu 8/25/16 Mon 9/19/16 data collection[1] $2,000.00 4.2.1 Conducting group interviews 4 days? Thu 8/25/16 Tue 8/30/16 $0.00 4.2.1.1 Group interview 1 1 day? Thu 8/25/16 Thu 8/25/16 14 $0.00 4.2.1.2 Group interview 2 1 day? Fri 8/26/16 Fri 8/26/16 17 $0.00 4.2.1.3 Group interview 3 1 day? Mon 8/29/16 Mon 8/29/16 18 $0.00 4.2.1.4 Group interview 4 1 day? Tue 8/30/16 Tue 8/30/16 19 $0.00 4.2.2 Online survey 18 days Thu 8/25/16 Mon 9/19/16 $0.00 4.2.2.1 creating the questionnaire 3 days Thu 8/25/16 Mon 8/29/16 14 $0.00 4.2.2.2 conducting the survey 15 days Tue 8/30/16 Mon 9/19/16 22 $0.00 4.3 data collection completed 0 days Mon 9/19/16 Mon 9/19/16 23 $0.00 5 Analysis and Interpretation of the information collected 10 days Tue 9/20/16 Mon 10/3/16 data analysis[1] $1,000.00 5.1 qualitative analysis 10 days Tue 9/20/16 Mon 10/3/16 23,20 $0.00 5.2 quantitative analysis 10 days Tue 9/20/16 Mon 10/3/16 23,20 $0.00 5.3 data analysis completed 0 days Mon 10/3/16 Mon 10/3/16 27 $0.00 6 Arriving at the conclusions 3 days Tue 10/4/16 Thu 10/6/16 26,27 $0.00 7 Creating a rough draft to present the findings of the research work 7 days Fri 10/7/16 Mon 10/17/16 29 $0.00 8 Publishing the results of the research work 10 days Tue 10/18/16 Mon 10/31/16 30 $0.00 9 End date 0 days Mon 10/31/16 Mon 10/31/16 31 $0.00 As depicted in the table, it has been assumed that cost associated with conducting the literature review would be $ 1000 approximately: it includes the cost associated with gaining access to the recently published literary articles (most article repositories encourage subscriptions to be made for full access of the literary works), besides other miscellaneous costs. The cost associated with the data collection process has been estimated to be approximately $ 2000: this includes the costs associated with conducting the group interviews (the cost of hardware and software tools for recording information, providing travelling expenses to the participants, etc), the cost associated with the development of the questionnaire and conducting the online survey. On the other hand, the analysis and the interpretation of the information collected from the primary sources would require the utilization of specialized software tools: the licensing of these tools along with the maintenance of the computer devices to be utilized for this purpose would definitely incur an expenditure of around $ 1000. Thus, the estimated cost of conducting the research work is $ 4,000 approximately. Bibliography al-Dumur, H., al-Awamilah, R. (2013). 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