Experts agree that identifying and understanding your leadership style will make you a stronger leader. While it takes energy and openness to define your leadership style, leaders who do so will gain a heightened sense of self that supports their ability to lead teams and people better. By understanding general approaches to leadership, conducting self-assessments, and gathering feedback from your peers, you can increase your self-awareness and lay the foundation for continuous learning and growth.
If you’re working on becoming a better leader in your role, it’s helpful to understand the pros and cons of your current leadership style and what additional types of leadership skills you can embody. This knowledge can allow you to tailor your leadership approach to different business challenges and understand which function you need to strengthen to be most effective in your role. Knowing your leadership style is important because it allows you to better understand your strengths and weaknesses as a leader. You can consider some online tools such as life styles inventory circumplex and more to improve your self-awareness and plan your personal and professional growth accordingly.
Many experts argue that there is no one best way to define your leadership style as every leader has a mixture of different styles that helps them to stand out. Please remember that leaders can be effective or ineffective in each of these four styles, and there are a million subtle variations, but these four leadership styles provide us with some important philosophical differences between leaders. Each style can fit the situation, so an effective leader must have the emotional intelligence to determine which one would be most effective in the present circumstances.
Emotional leadership theory proposes six leadership styles that great leaders will use at different times depending on the situation. The main difference in leadership theory is that a good leader is not only suited to the tasks and abilities of his followers; they also take into account the personalities, histories, and motivations of his employees. There are many methods we can use, including HBDI, to better understand individuals’ thinking preferences. Always keep in mind that a great leader is able to adapt his style to the situation and the people involved.
When leaders use a democratic leadership approach, they listen to and consider employee input, unlike autocratic leadership, where employees’ opinions do not matter in the decision-making process. In addition, democratic leadership has strong similarities to strategic leadership but emphasises the growth and success of individual employees.
A Laissez-faire leadership style, compared to others, gives employees more power to make decisions as the leaders do not focus on micromanaging business processes. They trust their team to make the right choice. This form of leadership is common in companies that have a highly skilled workforce.
In addition to the above, the leader sets clear goals and monitors employees’ performance in a transactional leadership style. Here, good performance is rewarded, while negative feedback and other actions might be taken in case of poor performance. In contrast to it, a transformation leader focuses more on creativity, interacts with people in a way that makes them believe in their vision and empowers employees. It can be said that transformational leaders can help to create other leaders as their passion for the cause inspires others to contribute to it.
Furthermore, always remember that with leadership comes great power and responsibility. Your decisions can affect not only the business but can also have a lasting impact on the external environment. Therefore, it is important to value the knowledge of your team members and try to develop a healthy workplace culture to improve your business performance in the long term.
Another important point to consider is that leadership styles are not an ordered category of things. An increasingly interconnected world with ever-changing technologies dictates the need for leaders who can easily adapt to the situation. Most professionals develop their leadership style based on factors such as experience and personality, as well as the specific needs of their company and its organisational culture.
In a nutshell, to become a great leader, one must focus on continuous learning and developing meaningful relationships with people to help the business succeed in the long run.