Understanding different leadership styles and when to use them.

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When we talk about the activity of business management we always talk about leadership as well. The financial activity of business management always have everything to do with leadership and for an individual to effectively be a business manager he or she must definitely be acquitted and also conversant with what exactly is business leadership and how to act as a leader in business. Basically everything that has to do with business management also has to do with business leadership for example when a business manager engages employees there by telling them what to do or what not to do that is basically the role and responsibility of a leader. A leader definitely guides his or her subjects their by telling them exactly what to do and what not to do that can benefit themselves and also the entire public. For leaders and managers to effectively perform their roles and responsibilities they must definitely be acquitted and conversant with various or different leadership styles and techniques and exactly when to use and apply them. In this particular thread, we will be emphasizing on some of the different styles and techniques of leadership and exactly when a business manager or leader should apply or use them.

TRANSACTIONAL LEADERSHIP: This style is focused on setting clear goals and providing incentives and rewards for achieving them. It is best used in situations where the work is repetitive and the focus is on achieving efficiency and productivity.

TRANSFORMATIONAL LEADERSHIP: This style focuses on inspiring and motivating employees to go beyond their individual goals to achieve a shared vision. It is best used in situations where a business is undergoing significant change, such as a merger or acquisition.

SERVANT LEADERSHIP: This style involves putting the needs of employees first and focusing on serving their needs to achieve shared goals. It is best used in situations where the company culture emphasizes collaboration, mutual respect, and teamwork.

LAISSEZ-FAIRE LEADERSHIP: This style involves delegating decision-making and allowing employees to work independently. It is best used in situations where employees have a high level of expertise and are self-motivated.

SITUATIONAL LEADERSHIP: This style involves adapting leadership style to different situations based on the needs of the team and the task at hand. It is best used in situations where there are varying levels of experience and expertise on the team and different tasks require different leadership styles.

 

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Creativity is an essential quality for effective leadership. By using creativity, leaders can inspire their teams to come up with innovative solutions to problems and create a culture of experimentation and continuous improvement. Here are some leadership techniques that can help foster creativity:

Encourage open communication: Leaders should create an environment where team members feel comfortable expressing their ideas and opinions. Encourage open communication and active listening to promote creativity and innovative thinking.

Embrace diversity: Diversity in backgrounds, perspectives, and experiences can lead to a broader range of ideas and solutions. Encourage collaboration between team members from different departments, cultures, and disciplines to bring new perspectives to the table.

Promote experimentation: Encourage team members to experiment with new ideas and take calculated risks. Provide resources and support to help them try out new things without fear of failure.

Foster a growth mindset: A growth mindset means believing that skills and abilities can be developed through hard work and dedication. Leaders should encourage this type of thinking by providing training and development opportunities and recognizing and rewarding progress and improvement.

Allow for autonomy: Give team members the freedom to explore and pursue their ideas, allowing them to take ownership of their work and feel empowered to create something new and innovative.