Leadership is critical to every company. Workers need someone to look to, learn from and thrive with. Every leader has their own style and strategy. Further, leadership styles and methods vary because of outside influences and personal challenges.
While leadership is unique to everyone, there are some common ways to define the term. Peter Economy, also known as “The Leadership Guy,” listed the qualities of today’s best leadership
According to research published in Harvard Business Review there are some common leadership styles:
- Coercive: Leaders demand immediate compliance.
- Authoritative: Leaders mobilize people toward a vision.
- Affiliative: Leaders create emotional bonds and harmony.
- Democratic: Leaders build consensus through participation.
- Pacesetting: Leaders expect excellence and self-direction.
- Coaching: Leaders develop people for the future.
- Bureaucratic leadership, whose leaders focus on following every rule.
- Charismatic leadership, in which leaders inspire enthusiasm in their teams and are energetic in motivating others to move forward.
- Servant leadership, whose leaders focus on meeting the needs of the team.
- Transactional leadership, in which leaders inspire by expecting the best from everyone and themselves.
More specifically, leaders share similar goals and standards to abide by. Here are four ways that good leaders achieve success:
- Leaders better their environment
Leaders do not exist to order their workers around. While they oversee their team, a true leader takes initiative and trusts their employees to perform efficiently and independently. When a company has a positive culture, employees are more motivated and confident in their work. Leaders are responsible for setting the tone for their team.
- Leaders know their team and themselves well
Good leaders want their entire company to succeed, including everyone involved. They take the time to understand every worker so they can help them achieve their personal goals in line with the company’s. A leader places the people around him or her in a position that sets them up for success.
- Leaders maintain a positive attitude
Businesses face ups and downs. Without someone to take the reins and push forward in optimism, the company will likely be unsuccessful. A good leader can hold his or her emotions in check, especially in tough situations.While no one likes to admit defeat, sometimes it’s inevitable. Good leaders recognize that.
- They build the next generation of leaders
Leaders can’t, and shouldn’t, stand alone. A company doesn’t need just one influential individual. Leaders should want to develop more leaders from the get-go. Great leaders also hire and inspire other great leaders, whom they trust to carry out the company mission. They are not in competition – they are part of a team.