Leadership Styles - What is a Leadership style? Why are they important?

     

Leadership Styles - What is a Leadership style? Why are they important?



    The success of an organization is greatly influenced by the leadership style, which affects both the corporate culture and the bottom line. A leader's approaches, traits, and actions when managing, inspiring, and guiding their teams are referred to as their leadership style. A leader's leadership style is influenced by many different things, such as their persona, values, abilities, and experiences, and it can greatly affect how well they lead. According to a three-year study by Daniel Goleman, a manager's leadership style determined thirty percent of a business's profitability. Each distinct leadership style has its own impact on groups and institutions. 

With a skilled and driven team, the pacesetting leader who emphasizes self-direction and excellence can be effective, but he or she may also overwhelm employees. During periods of transition, an effective leader fosters a shared vision and an entrepreneurial mindset. While an affiliative leader helps people form emotional connections for trust-building under pressure, relying just on praise can result in mediocrity. In times of emergencies the coercive leader demands instant regulation; the coaching leader prepares people for long-term success. 



Democratic leaders encourage common ground through active participation; they are best suited for decision-making processes, but not for crisis situations. While organizations invest in tools and assessments to help people understand and utilize their styles, they frequently undervalue the importance of leadership style. 

Changing a leader's approach according to the situation can result in better future leader development, higher employee engagement and retention, and enhanced effectiveness through improved communication, teamwork, and collaboration. Understanding one's leadership style and making necessary adjustments can have a direct impact on financial outcomes, making it an essential component of organizational success.

I found this article highly informative in terms of the fact that it explains how important it is for any organization to have the appropriate type of leadership style to achieve success. The fact that a leadership style alone is responsible for 30% of a company's success is shocking. Being a student and an employee, I myself have quite an experience with many different types of leadership styles, including Autocratic, Democratic, Transformational and Laissez Faire leadership style. My personal favorite is Democratic Leadership style as I like to put my views and opinions in front of my team. In general, all leadership styles are necessary depending on the situation. 

Reference

“Why Why does leadership style matter? (n.d.). https://www.leadersedgeinc.com/blog/why-does-leadership-style-matter




    

Comments

  1. Designed & Productive4 December 2023 at 12:52

    Hi Eva, I really like the look of your blog and your use of pictures. Your content is interesting and nice to read. I agree that organizations frequently undervalue leadership styles and that changing a leaders approach according to the situation would have many positive effects in the organization. My favourite leadership style is also Democratic.
    - Natacha

    ReplyDelete

Post a Comment

Popular posts from this blog

Grand Summary - Leadership Styles

Image
  Grand Summary - Leadership Styles Effective leadership is essential to an organization's culture and success because it affects employee engagement and financial results. According to a three-year study by Daniel Goleman, a manager's leadership style accounts for thirty percent of a company's profitability. A leader can become a better leader, retain more employees, and be more effective by changing their approach depending on the circumstances. Different leadership styles have different effects on groups and institutions. Total control and authority are the hallmarks of autocratic leadership, which is compared to an emergency room surgeon making snap judgments in dynamic circumstances. It is effective in emergency situations and with less seasoned teams, but it can stifle innovation and the development of relationships. Leaders that are autocratic are good examples of this style, which works well in fields where quick decisions are necessary. Teamwork and employee engage
Read more

Laissez-Faire Leadership - Be Your Own Boss

Image
Laissez - Faire Leadership - Be Your Own Boss  Doesn't the picture seem so happy? A hands-off management style known as laissez-faire allows managers to have faith in their staff members' abilities and let them come to their own conclusions and solutions. Access to resources, minimal guidance from leaders, and the ability to offer constructive criticism when needed are characteristics of this leadership style. Steve Jobs, Queen Victoria, Warren Buffett, and Herbert Hoover are well-known instances of laissez-faire leaders. Laissez-faire leadership has several benefits, such as better employee retention rates, increased employee accountability, a more laid-back workplace culture, an innovative environment that stimulates creativity, and higher employee motivation. On the other hand, disadvantages include obstacles for novices, possible misunderstandings regarding leadership, a lack of organization and assistance, accountability shifting, challenges with group projects, and leader
Read more