Sound leadership is often the most crucial factor in the survival, success, and advancement of any organisation, community, or nation. The contingency in which leadership was required and displayed was also a key factor. The idea of transactional leadership arose in this context. This was the thought that leaders could enter some kind of bargaining or negotiating process to convince people to follow them. Despite the debates and different perspectives in the various theories of leadership, empirical analysis of leadership in organisations has produced a large amount of consensus on what are the key attributes of modern day leadership. Motivating team members and celebrating their successes and contribution to the organisation's performance is the key to what is now recognised as being transformational leadership. Much of the leadership literature which has been canvassed can be readily applied to the Not-for-Profit/Social Enterprise sector. Indeed, there are many similarities which are shared with both public and For Profit sectors.