Transformational leadership in business organisations ascending to world-class status: A case study in the petrochemical industry

Abstract

One of the most important prerequisites for economic competitiveness in the global economy, is the delivery of a unique product or service. In order to achieve this level of competitiveness, transformational rather than transactional leadership should be a core element in organisation’s ascent to ‘world-class’ status. Inline with other researching results, the most important finding of this study, which was conducted in a petrochemical industry, is that transformational leadership is not up to standard. Opsomming Een van die belangrikste voorvereistes vir ekonomiese kompetering in die globale ekonomie, is die lewering van ‘n unieke produk of diens. ‘n Voorvereiste wat slegs kan realiseer indien transformasionele leierskap eerder as transaksionele leierskap ‘n kernboublok in organisasies se strewe na ‘wêreldklas’ status vorm. Inlyn met die bevindinge van verskeie ander studies, is die vernaamste bevinding van ook die studie wat in ‘n petrochemiese bedryf gedoen is, dat transformasionele leierskap nog nie op standaard is nie.