Problem statement

understand the type of leadership employed by successful chief executive officers and its effect on
organizational success. Such knowledge may bring about strong employee benefits such as innovation
and job satisfaction, as well as an increase in productivity, growth, expansion, and corporate longevity.
Problem Statement Presently, limited empirical evidence is available delineating the dominant
leadership style used in companies that have been in business for more than 10 years (Schin & Racovita,
2013). Sustained, successful organizations are guided by strong leaders who have the ability to come up
with new ideas to keep products, services, and operations fresh (Bowonder et al., 2010). Much study has
been carried out globally on the effectiveness of transformational and transactional leadership styles
(Schin & Racivita,