EFFECT OF LEADERSHIP STYLES ON PERFORMANCE OF HERITAGE BANK PLC IN NORTH CENTRAL, NIGERIA
Abdullahi Adamu and Musa Ibrahim
Volume 4 Issue 2
Abstract
This study examined the effect of leadership styles on performance of heritage bank plc in north central, Nigeria. The study adopted the survey research design of which questionnaires were administered to a sample of (60) entire management staffs of heritage bank branches in North Central, Nigeria. The responses were analyzed using the smart PLS-SEM. It was found that democratic leadership has a positive and significant effect on performance while transformational leadership and transactional leadership revealed a negative and significant effect on performance. It was recommended that that heritage bank should foster a culture where team members feel comfortable sharing their ideas, feedback, and concerns. Also, they should balance vision with practicality and ensure that it is grounded in reality and achievable. Break down long-term goals into manageable short-term objectives to keep the team focused and motivated and finally, the bank should integrate inspirational and motivational elements to balance the transactional approach. Encourage leaders to inspire and engage employees beyond mere rewards and punishments. Key Words: Leadership styles, Democratic leadership, Transformational leadership and Transactional leadership.
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