Transformational leaders radically change followers ways of thinking. They create new meaning, give meaning to events, represent meaning. Transactional leaders offer followers quid pro quos . Charismatic leaders have almost mystical attraction for followers. Associated with high self confidence, dominance, and strongly held beliefs.
Visionary leaders offer a vision.
Drucker says charismatic leadership is no leadership. Is charisma more in the follower than the leader. President Bush was criticized for not articulating a vision. Recall the economy was down after the Iraq attack, and Bush would only tell people that prosperity was just around the corner. Clinton presented a vision but it fell flat because he offered the wrong program.