Abstract
Leadership is an important factor for the organizational success, increased productivity of employees, job satisfaction, and customer satisfaction. Leaders are the very beacon of light that direct their subordinates in the right path towards achievement and success. Two leadership styles that are mainly the topic of discussion in the literature include transactional and transformational leadership. The studies available in the literature show mixed results as regards the effectiveness of these two leaderships. Both the leaderships are associated with increased job satisfaction and performance of employees. However, transactional leadership is more suited for competition intensive industry, whereas transformational leadership is ...