Various theories and classifications can be found when learning about leadership styles and strategies used in business. Most of these leadership styles commonly describe the manner people in authority facilitate their group regardless of their role. Entrepreneurial, political, organizational, or even small group leaders follow similar patterns when it comes to their leadership styles. With the abundance of frameworks, it would be great to know the best ones that would apply for areas concerned with entrepreneurship. Having ample knowledge in the best leadership styles for entrepreneurs will help a person achieve quality management which will give tons of benefits for the business and the people working in it.
Common Leadership Styles
When talking about leadership in an enterprise, it also means knowing how to manage every aspect of the field. This concerns the professional aspects of the enterprise, personal issues within the office, characteristics of employees, and of course, efficient operations. Although people vary in their leadership styles, there are certain functions in management that needs to be addressed in a similar way. Leaders must always understand the underlying issues within the enterprise in order for them to make sound decisions since these will certainly affect the entire company.
Understanding what is Management and Leadership
More popular leadership styles rely of a specific theory that helps individuals achieve their basic goals as dictated by their roles in the enterprise. There are some occasions that the leadership style that they embody do not necessarily fit in that particular system that they belong to which is why it will be helpful to have an in depth knowledge of the most common and obvious leadership styles.
- Autocratic Leadership showcases the absolute power of a person and all decision making are done with utmost loyalty to the best interest of the enterprise. Other employees may be given very little opportunity to give suggestion, while there are times when there is absolutely no chance for them to do so. Leadership styles similar to the autocratic leadership are usually task oriented and strict when it comes to the rules and expectations.
- Democratic Leadership fosters participation in the people of the enterprise. Their thoughts and opinions are taken into consideration for the decision making tasks of the entire group. With this type of leadership, employees are motivated more because they feel involved and given consideration. Despite their participation, the final decision still relies on the leader after taking all the suggestions given some consideration to ensure that they are able to arrive at a conclusion that is suitable for the situation and the welfare of the company.
- Laissez Faire Leadership may provide the most convenient working conditions for employees because of their ability to move around and make decisions. However, leadership styles like this will only apply best in enterprises with employees that are skilled and well trained. Situational leadership must be determined by Laissez Faire leaders to ensure that proper monitoring of the employees is still made from time to time.
Well Developed Leadership Styles for Present Enterprises
In knowing what the most common leaders are like, one must also learn how leadership styles have changed and evolved over the years. An updated style of leading employees is basically based from the obvious entrepreneurial situations. Leaders are expected to have the characteristics as a Transformational Leader. These characteristics include having integrity, the vision, ability to set clear and attainable goals for oneself, the employees, and the enterprise, and be an inspiration for others. The work ethics of the leader must be admirable to create a motivation atmosphere to continuously make the enterprise a stimulating place to work in. Regardless of the leadership styles of a person, all leaders have the special ability to determine hard working individuals in the enterprise and be able to recognize these.
The expectations that people set of leaders are high because they should be able to make ends meet and produce great results. The motivation that these leaders are able to give the employees ensures their productivity at work. Because of these, the leadership styles that one has must always motivate others and ensure that what is expected of the enterprise is achieved.