In its ideal form, it generates a valuable and positive change in the followers with the end goal of developing followers into leaders. According to Bass (1985), transformational leaders try to attain this goal in different ways like more appreciation, understanding emotional need or by motivating them with personal experience and achievements. While according to Yukl (1981) as mentioned by Kuhnert and Lewis (1987), transactional leadership involves exchange of information between superior and subordinates and influences each other mutually so that each derives something valued. In additional words, it is a win-win situation for both superior and subordinates in getting something they valued. Transactional leaders typically work within the boundaries of the existing system, emphasize process rather than substance as a means of control and are effective in stable and predictable environments. The key factors of transactional leadership model include contingent reward, management-by-exception and