Over time, research has shown that there is a positive relationship between effective leadership and development coupled with performance of individuals as well as organizations. There are diverse styles into which the behaviors of leaders can be classified. This said there is no one-size fits all kind of leadership. The different types of leadership styles around the world and they are transactional, transformational, democratic, autocratic, visionary, servant, charismatic and finally, laissez faire. Out of this, there are three types of leadership styles that are recognized as contemporary: transformational, transactional, and charismatic.
“Transformational leadership” as a term was first coined by J.V Downtown. An individual with this authority style can use and build up the capability of his or her colleagues. These types of leaders have a convincing vision, which is anything but difficult to identify with. They move toward becoming good examples and motivation for their subordinates as their conduct has a conviction, which is extremely speaking to other people. They help their colleagues conquer confinements by propelling them to improve. The vision is worked such that it does not contravene the interests and needs of the others are additionally met. In this way, the emphasis is on comprehensive and all-encompassing advancement. Be that as it may, during the time spent development and advancement the morals are never traded off upon and straightforwardness is kept up prompting trust.
Transactional leaders utilize the power that comes with their position. Such pioneers have faith in the “carrot and stick” approach and make use of prizes and punishments in order to get things done. Tools such as performance appraisals, acknowledgment, and appreciation are usually used to persuade the subordinates. Accordingly, on one hand, the pioneer utilizes his position to complete things; then again, gives diverse ways to satisfy the needs of their colleagues. This leader will either reward compliance or punishes non-compliance. The emphasis is not on including the subordinates in accomplishing the objectives rather on getting things done things from them. The methodology pursued is that of compromise gone for accomplishing momentary goals. The methodology utilized is administrative in nature including telling as opposed to including and taking everybody along.
The other type of leadership style is the charismatic style. As the term recommends, leaders who have or employ this style of leadership impact others utilizing their common appeal and differentiating attributes. They have an extraordinary vision, have high confidence levels and are known for utilizing unconventional methodologies. Their quality and beguiling identity is the thing that draws in others to them and causes them to assemble. They depend upon appeal as opposed to control, for impact. Such individuals are a long way from being oblivious of the environment they are in and they utilize this knowledge to adjust their actions and words to suit the circumstance. These leaders additionally display more prominent trust in their colleagues and build trust through obvious benevolence. This causes them to gain support.
All the three styles examined above have their advantages and disadvantages. The diverse methodologies are embraced by various styles. There may be circumstances where one style might be more successful than the others and no best authority style emerges. One puts a spotlight on taking everybody along, one on utilizing compliance, structures, instruments and adherence to guidelines and one uses appeal to assemble supporters. A great leader is one who can find a balance between these styles as the circumstances demands.
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