Leadership isn’t something you can learn overnight, it’s a fluid practice that is constantly changing and evolving to further company growth.
Taking over a leadership role, whether in a meeting, project, or entire department is an exciting yet important job to undertake. Each person has their own leadership style, usually defined by their personality and experience.
Having a good approach to motivating people and executing plans is essential to a company’s success. That being said, there isn’t a “right” way to being a good leader, developing a successful leadership style will entirely depend on your team’s business goals and aspirations.
Below are some effective business leadership styles and tips that you can implement and make your own.
The Democratic Business Leader
Leadership in business is the ability of a company’s management to accomplish set goals, motivate employees to perform their best, and take fast action when needed.
Democratic leaderships, also referred to as participative leadership, rely heavily on each team member’s input. Leaders who utilise this style are generally excellent listeners and greatly value the knowledge, experience, and diversity of their employees.
Making team members feel valued and heard builds trust and cooperation among employees, increasing the chances of growth and success for your brand.
Not only does the democratic leadership style encourage unity between workers, but it also prepares them for senior roles and gives them a guideline on how to lead their own teams in the future.
The Autocratic Business Leader
Autocratic leadership is the opposite of a democratic leadership in the sense that the leader makes all the decisions without the input of their team.
Employees are not consulted on any decisions but are expected to carry them out. While this style may be effective for quick decision making, it can cause team members to feel like their voices aren’t heard and don’t matter.
An autocratic leader mainly focuses on getting results in a quick and efficient manner, making it a good style to use during a transitional period or for businesses with strict guidelines.
Laissez-faire is a french term that directly translates to “Let them do.”
Leaders who practice this style offer their employees a lot of freedom, trusting their teams to do what they need to with minimal interference.
A great deal of trust is placed on employees, empowering them to carry out the company’s goals effectively. While laissez-faire leadership is the least intrusive, it may limit employee development and opportunities for company growth.
The hands-off leadership approach is generally found in entrepreneurial start ups where the employees are able to do good work and manage their time properly on their own.
Support and Grow Your Business With Priti Lad
Leadership is all about achieving goals, solving problems, and setting the right example for team members.
All leaders have their own techniques and strategies that they use when managing a team, though they usually fall into a set of categories. Understanding how each type of leadership style impacts the productivity of employees will help ensure success and growth of your company.
Our experts at Priti Lad Professional Corporation have the experience and knowledge needed to guide you through the business world and help you achieve your goals.
Reach out to us to learn more about our business management services and book your consultation today.