As a leader, it can be challenging to identify what style works best for you. You may have adopted a technique from someone that you worked under, or that you have heard or read about. If that style works, you tend to stay with it. However, based on your work environment and personality, it may not be the best approach. Having an understanding of different styles of leadership can help you to become a more effective leader.
Youssef Kabbaj is a leader in the financial industry, gaining invaluable experience by holding various positions with many of the world’s most well-known companies. With years of knowledge and insight as a leader, Youssef provides his expertise on the different styles of leadership.
Transformational leaders work with their teams to identify needed change and motivate the process through inspiration. These leaders create an environment that promotes analytical thinking and questioning.
Do you always go above and beyond to address the needs of your team? Servant leaders always put the needs of others as a top priority. Servant leaders are not afraid to delegate power and help their subordinates perform at the highest level possible.
These leaders value order and structure within their teams. Their followers are expected to be self-motivated and focus on results. This leadership style works best for employees who have clearly defined roles and are motivated by incentive systems.
These leaders give the least possible guidance to subordinates and believe that people excel best when they are left alone to respond to their responsibilities and obligations. The followers make their own decisions and rules.
Do you like to be in complete control of your team? Autocratic leaders take control of all decisions and little input from group members. This style can work best with smaller groups where leadership is non-existent.
If you have a strong and likable personality, charismatic leadership may be right for you. This style relies on effective communication and persuasion to drive desired behaviors.
This strategy is an adaptive leadership style. Leaders can choose the method that best fits their goals and environments. You’ll be able to build a rapport with others and bring out the best in them.
As you will experience in any industry you work in, each style of leadership is unique in the qualities that a manager can deliver for a team. Understanding the different leadership styles will allow you to implement your skills to get your team performing at its best.