The Impact of Transformational Leadership on Change Management: An Empirical Study of a State Bank in Sri Lanka
Hennayake Y.1*, Maldeniya P.2
DOI: 10.5281/zenodo.5515240
1* Yashodhara Hennayake, Lecturer (Probationary), Department of Management Studies, Faculty of Indigenous Social Sciences and Management Studies, Gampaha Wickramarachchi University of Indigenous Medicine, Yakkala, Gampaha, Sri Lanka.
2 Pushpakumari Maldeniya, Professor, Department of Business Administration, Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, Nugegoda, Colombo, Sri Lanka.
In this age of rapidly changing business environment, a change is a common phenomenon to any organization. Thus, effective change management is considered a challenging task in many organizations. In this context, the role of transformational leadership is considered an outstanding task. However, little emphasis has been drawn concerning the influence of transformational leadership on change management in Sri Lankan state sector banks. Therefore, the main objective of this study is to investigate the impact of transformational leadership on change management of a well-known state sector commercial bank in Sri Lanka. Data were collected through a sample of 170 respondents of branch managers by using a questionnaire as an instrument. The Smart PLS program has been used for the purpose of data analysis. The study revealed that idealized influence and individual consideration made a significant positive impact on the change management of the bank. The findings of the study may provide valuable insights for policymakers in planning and implementing change initiatives by signifying the contribution of transformational leadership in different contexts. Finally, the study may reduce the gaps found in the change management and transformational leadership sphere.
Keywords: Transformational Leadership, change management, state bank, Sri Lanka
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, Lecturer (Probationary), Department of Management Studies, Faculty of Indigenous Social Sciences and Management Studies, Gampaha Wickramarachchi University of Indigenous Medicine, Yakkala, Gampaha, Sri Lanka.Yashodhara Hennayake, Pushpakumari Maldeniya, The Impact of Transformational Leadership on Change Management: An Empirical Study of a State Bank in Sri Lanka. IJEBHB. 2021;2(3):34-. Available From https://ijebhb.com/index.php/ijebhb/article/view/71 |