What’s Your Leadership Style?
Your leadership style has a direct impact on your business’ effectiveness. Studies of Fortune 500 companies have even suggested that well-received leaders can double their business’ profit.
What makes a good leader, though?
Most of the time, different leaders thrive in different situations. If you can determine what kind of leader you are on an average day, you’ll be able to utilize your skills to make your business run more efficiently.
1. The Detached Leader
Detached leaders prefer to delegate the responsibilities of their business. They provide feedback to their teams when it’s deemed necessary, but otherwise, they prefer to sit back and let the gears of the operation turn on their own.
2. Leader by Example
Example-oriented leaders like to get down in the trenches with their employees. High-energy professionals who prefer to work outside of the office build strong relationships with their employees when they seek out the opportunity to collaborate. However, example-oriented leaders are more prone to burn out than other types of business professionals are.
3. The Authority Figure
On the other hand, some leaders prefer to establish a set hierarchy that places them above their employees. Those with this leadership style don’t always respond well to employee input, but they operate more effectively than most in times of crisis. If a group or operation has trouble making decisions, then authoritative leaders can help ensure that different projects stay on track.
4. The Democratic Leader
Unlike the authority figure, democratic leaders actively seek out the input of their employees. While their decisions on business matters are still final, these leaders want to make their employees feel as though they’re a part of an active team.
Even so, democratic leadership isn’t ideal when you’re trying to make quick decisions. You have to take deliberate time out of your day to hear everyone’s opinion. While you’ll have access to a greater diversity of ideas as a result, you’ll want to schedule your meetings far in advance.
5. The Service-Oriented Leader
Like the leader who prefers to work alongside her employees, service-oriented leaders prefer to put their employees first in the business hierarchy. Service-oriented leaders are excellent at helming non-profit organizations and can boost the morale of a business’ team in times of stress. However, like example-oriented leaders, service-based leaders can be prone to emotional burnout if they don’t take care of themselves.
6. Driven by Vision
Some businesses are built around a dream. Leaders who are vision-driven chase that dream without stopping and encourage their employees to do the same. While these leaders may be a bit idealistic, their enthusiasm usually makes their work environment pleasant to be in.
On the more practical side of things resides the cost-effective leader. People with this leadership style utilize the “carrot and stick” method of motivating their employees. Every success needs to have an appropriate reward, and while failure may not result in punishment, it won’t bring about advancement, either.
8. The Charmer
Finally, there’s the charming leader. These leaders win over their employees and clients with ease. While some of them come about their charisma naturally, others have to work to be perceived as socially adept. Regardless, charming leaders – who usually pair this categorization with one of the others mentioned – are able to create bustling professional networks that promote business collaborations and an energetic employee base.
Which style are you? Play to your strengths, and you’ll run a more successful business down the road.
Image attribution: akub Jirsák – stock.adobe.com