Transformational leadership signifies an important style of leadership that helps an organization in developing and achieving its vision. It also plays a vital role in effective transformation of an organization. Though this sort of leadership has been existing for long, it has gained prominence only in the last two decades, with many eminent companies practicing the same. This article examines seven different principles of transformational leadership and makes a reference to Burn's leadership theory. It also provides examples of companies and leaders practicing this kind of leadership.

In today's competitive environment, change is the only constant. Be it medicine, technology, business or education or any other field, changes occur not only due to technological developments and global competition but also due to certain interventions like total quality management and business process reengineering. It is essential for organizations to transform themselves according to the market needs and regulations. To effect this transformation, every organization should have employees who have the desire to make it happen. Also, every organization should necessarily have a leader.

A leader is the one who can clearly define organizational and individual goals. The process through which he tries to influence a group of individuals in achieving the organizational goals is what is called as leadership. The importance of leadership in any field or any organization remains constant. Leaders are not restricted by any gender, color, age or creed. Leaders are not born but are made with their experience and education.

HRM Review Magazine, Transformational Leadership, Technological Developments, Quality Management, Organizational Goals, Chrysler Corporation, Infosys Leadership Institute, ILI, Leadership Skill Training, Dell Computer Corporation, Decision-Making Process, Transformational Leadership.