Leadership Styles Assignment Example | Topics and Well Written Essays - 750 words

Leadership Styles - Assignment Example The leadership style is based on the situations and challenges faced by the organization and requirements of people who are involved in the group. That means a leader must be flexible in his style. For instance, in the event of a crisis in an organization, it is most likely that an authoritarian leadership will be beneficial. If a decision is very hard and complex like development plans, handling risks, etc we need different ideas, experiences, and different areas of expertise and inputs from everybody. In such cases, democratic leadership style will be beneficial. If increasing the motivation and encouragement of the creativity of workers is important, a leader should adopt laissez-faire leadership style. In short, a leader must know which style he has to adopt to deal with the situation. Whatever it is the main objective of the leader and the group is the profit maximization of the company. For this, either the leader has to change his own approach or he must have the ability to ch ange the situations to suit him. Your leadership style; advantages and disadvantages I fall in the category of democratic leadership style. Democratic leadership style is the most suitable leadership style in today’s business environment. The advantages and challenges of this leadership style in today’s business environment are described as below:- Advantages 1. Today’s business environment demands higher contribution in terms of innovation creativity. Innovation and creativity does not always come from a single person. It might require sharing of ideas. Therefore, a democratic leadership style helps to gather ideas and opinions from a group of people. 2. As competition is higher, financial rewards are not the only reason behind an employee’s commitment to an organization. An important role is played by motivation and job satisfaction. A democratic leadership style will help to improve the motivation of employees are they feel that their opinions are bein g accepted. 3. Achieving the common goal as an entire group is very much important for an