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3 Types of Leadership Styles and why it is Important to Know Them in Detail

3 Types of Leadership Styles and why it is Important to Know Them in Detail

Leadership is not something that can be described in mere words. For companies and businesses, just like leadership styles for the head of a government, the role of a CEO or president is equally important. The top honchos of huge conglomerates or big multinational companies need to be extra cautious in their approach as their decisions and actions can have a lasting impact on the future of their businesses.

Today’s volatile market is all about positive sentiment and news so that stocks can stabilize as well as no negative news in the energy and gold sector. A news about a possible negative outcome between an oil-producing country and IMF/World Bank about its future can send the market down, especially the oil prices and the energy sector, and positive news can make the bulls back to the market.

Why is Leadership Style Important?

There are three main types of leadership styles that people at the top positions in companies will be discussed with examples so that you can understand the topic easily. Once you know more about these styles, you will be in a better position to know how projects can work in various ways and what is good for a project to complete early.

  1. Autocratic Leadership

This is one type of leadership that you will find in most of the IT companies and financial institutions, to name a few. Examples of autocratic leadership in tech companies include Apple when Steve Jobs was at the helm of affairs and Elon Musk at Tesla. Both these are visionary leaders, but they were very authoritative in their approach.

There are many aspects for which companies generally fare well under autocratic leadership, even though many employees are critical of what this leadership is all about. But you can bet not even a few companies around the globe can think of replicating the success of Apple and Tesla. Off late, Tesla is on a record-breaking spree, and its share broke the 1,000-dollar barrier.

From the above discussion, don’t get the notion that only autocratic leadership is the best way forward. Companies can work better in some other ways, too that I will try to explain in the subsequent paragraphs.

  1. Participative Leadership

In quite a contrast to the autocratic leadership, participative leadership is what gives the employees a chance to have a say in the proceedings. Although it is the leader or the CEO/President/Owner of a company who makes all the decisions, he allows some form of input from the employees or the workforce. So, is this beneficial for the employees and a perfect form of leadership? An example will be enough for you so that you can understand what I am trying to connote here.

Think of a financial company that is looking to launch a new product that can make its users use all of the financial services offered by them under one umbrella. It’s CEO is leaving no stone unturned to launch the product in a great way. He thinks that he can launch the product simultaneously all over the US. But some of the employees tell him otherwise. They believe that this product should be launched in a maximum of 8-10 smaller states, and after watching the reception, only then should it be launched all over the US.

The employees who believe that such a move will bear fruits for them is because they are experienced. They know that a nation-wide launch of such a product can be very expensive, and if won’t get the desired result, then it would be disastrous for not only the company’s reputation but also will make a dent in the accounts as a huge marketing campaign is required in this concern.

In the case of autocratic leadership, the CEO won’t listen to anyone, even if he knows that the suggestion is worth considering, but in this case, the owner or person heading the business will be inclined to give this a good hard look at it. In very little time, a person who is open to suggestions and criticisms will understand that the suggestion being given by the senior employees, in this case, is genuine and will work for the company.

Hence, participative leadership can get results for a company or business regardless of the industry in which they are working.

  1. Delegative Style

Another name for delegative style is laissez-faire. In simpler words, it is perhaps the best leadership style that can work for a company as the employees there would be highly motivated and charged to work. Let me offer you the reasons why.

A CEO or owner of a company practicing delegative style leadership sets goals and instructions for a project or projection for a year’s sale/revenue target and that’s it. Everything else is in the hands of employees who have total freedom to work as they want to be to achieve the results. But the responsibility of the employees makes them work hard and with full dedication as they will be responsible for everything that will happen during a period for which a target has been set.

The employees or team members working under a delegation leader are expected to analyze, evaluate and change how a project is being run. For this, they can employ anything that they deem will work in favor of the project. The use of a task management software, for example, will be one of them so that any resource can be assigned a task as soon as it is free.

While many aspects are in favor of delegative style, there are some critics of this style who say that giving employees too much authority and freedom in this concern is not a good thing. They argue that it has more harm than good and employees who are not controlled by a person or under control of the manager, will not work with that much dedication and zeal as is required.

Over to you

If you want to offer your feedback for this blog or can add something valuable, you are more than welcome. If you want to ask something too, please use the comments section below.

Working Under Pressure and Stress can Affect the Productivity of Employees

Working Under Pressure and Stress can Affect the Productivity of Employees

A workplace can be very puzzling. We all know that we have to work can we go to the office place of business, but you can bet that they are reasons why even daily tasks can be really hard for an average employee to complete. The various requirements can be tough for employees so that they look for some helpful assistance in this concern.

There are many reasons for which employees have to work, day and night to get to their goal. Constant pressure in which employees work is one of the reasons why they feel tired and the end of the day look for some respite from their hectic schedule.  The factors not everyone can handle the pressure, and that’s the reason why many employees were not able to complete their tasks, given notices for late work or shown the door.

Pressure Can be Unraveling for Many Employees

When employees work under pressure, it is one of the worst kinds of work environments one can think of. The reason is simple, under pressure most of our senses do not work to the optimum and we tend to look at just our goal and nothing else.  This is the reason why working under pressure can be negative for employees’ growth. This is where the management of the companies need to think about helping Their employees but most of them try to get as much work from them as possible.

One of the reasons why employees try to work from home is that thing that we can work with less pressure in the comfort of their homes. Surely one can think of various distractions at home But the pressure of checking emails going to a meeting and then completing your daily tasks can be overwhelming for an average employee; that’s why they think that they can work in their home much faster and quicker than at their workplace.

Leaving the Work for the Next Day

This is one of the most common practices by an employee to complete the daily tasks.  Think that they are overwhelmed with a daily task and they can somehow complete the task the other day by coming early sitting late at the end of the day. Leaving the work for the next day is like a gamble. You never know what circumstances a situation you will be in the next day, so I need to complete your work on the designated day.

Most of us think that completing a task by coming early to the workplace is not a big deal.  But there can be many factors involved in this so that you will be wondering what happened wrong so that you can complete the task even coming 1 hour earlier.  An important email or urgent meeting can make your task even delayed by some hours on the whole day. That’s the reason why you must complete the task on hand on the day it is given to you.

Work-life balance is one of the most important factors for any employee and also the company.  There are many reasons which the company may suffer due to the fact it is where employees’ mental and physical health is compromised. Employees feeling stressed cannot work at the optimum, and naturally, his department and the company will suffer.

We need to focus on our work so that everything is done on time musically the way it has been directed. For a productive work environment, it is one of the requirements so that any company can prosper. The role of the employees focusing on the daily tasks is not a new factor but one that has got the attention of companies worldwide because of the many dire scenarios and consequences attached to it.

Solving Problems through Focus 

We all face situations in our daily work life that can drive us crazy. Every problem has a solution, even if I think that it is impossible to find a solution for a tough situation.  We all experience that at first, any situation looks impossible to resolve and the problem faced is the toughest one in our lives. But as time passes, we talk to our colleagues and managers and slowly the problem gets solved.

Companies know that their productivity is the key focuses on the reasons why a problem arises. They focus on how a particular problem arises, even if there are many conditions and precautions so that it doesn’t happen. If anything can go wrong, it will and that’s why problems can arise. Managers need to be on song here for the best results.

Undue Pressure from Peers or Managers

In a typical workplace, employees come to work in a way that can be productive not only for them but also for their companies. Naturally, they face certain situations and scenarios in which working can be a bit problematic. That’s where undue pressure can be tough for all of us. Completing a task in a short time can be hectic for most of us. That’s why they use of task manager online can be a good ploy.

Undue and unnecessary pressure can be unsettling, even for a dedicated and hard worker. In a pressure situation, even a star performer will not be able to perform his duties as per the requirements.  This is quite an alarming situation for any company because and your pressure can severely hamper the performance even the smartest and sharp employees.

Another important issue in this concern is the interruption that employees face during the completion of any task. There are several instances recorded in which employees who are about to complete their job or doing their job fine faced interruption of any kind, and their performance started to deteriorate. This is not a good sign for any company as frequent situations like these can be degrading for the morale of the employees and the overall productivity of the company.

Over to you

If you think you can add something valuable to this blog or want to enquire about some aspect that is bothering you, you are more than welcome to go ahead. Please use the comments section below for any feedback.