Although we discussed the importance of desirable leadership traits and how they apply in all situations, the following are four of the most crucial traits for business leaders:
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Setting a good example. Living up to your words is a great approach to motivate others. Morale might be negatively impacted if you leave home early while expecting 110% from others. People expect their leaders to be responsible.
Excellent Communication Skills: As previously said, effective written and verbal communication skills may play a crucial role in leadership roles. Being ability to cognitively empathize, or imagine oneself in another person’s position, may be very helpful for developing your communication skills and building relationships with those you are leading.
Emotional Intelligence: Psychologist Daniel Goleman makes a strong case that effective leaders possess a quality known as “emotional intelligence” in his well-known, best-selling book Emotional Intelligence. This encompasses motivation, self-control, empathy, self-awareness, and social skills.
Vision: The capacity to perceive “the big picture” is a must for leaders. To do that, you may need to acquire a wide range of hard and soft talents. This might involve recognizing shifting consumer preferences and opportunities for novel product categories.
However, it is only the start. In addition, you need to possess qualities like conflict resolution, cooperation, problem solving, motivation, and others. You may become a better leader and identify the corporate leadership style you want to portray later in your career by simply developing your ability to listen to criticism.
Leadership Styles in Business Administration
In the corporate world, there are several styles of leadership, and it’s crucial to select one based on the particulars of each situation. For example, a bureaucratic leadership style would not be helpful if you wished to create an atmosphere that encouraged original and creative thinking. Among the four most popular styles are:
Although they use unofficial polls to guide their decisions, Democratic leaders have the last say on big decisions. Democratic leaders may more readily take use of the fact that your staff are sometimes the experts in their field. While this style of leadership can increase participation, it may also cause decision-making to lag.
Under autocratic leadership, you, the expert, make choices without seeking input from others. This may be quite helpful in reaching decisions quickly and in keeping unqualified persons from contributing. Additionally, you run the danger of losing the crowdsourcing’s insights and alienating individuals by making them feel excluded from crucial choices.
The antithesis of an authoritarian, top-down leadership system is servant leadership. The goal of a servant leader is to meet the needs of their team and establish an atmosphere that makes everyone happy at work. There are scientifically proven links between worker satisfaction and production, but this style may also be challenging when making controversial decisions and longer to solve issues than authoritarian leadership.
The fundamental goal of bureaucratic leadership is to create guidelines and protocols that everyone must adhere to, eliminating any possibility for ambiguity regarding expectations. Although this type of leadership works well for occupations that are regular in nature, it is not the best for creative or imaginative problem solving methods.
Evaluating various leadership philosophies may also entail assessing your personal advantages and disadvantages. For instance, persuasiveness may be needed more for servant leadership than for authoritarian leadership. It might take study and experience to fully understand the myriad of leadership philosophies and identify the one that suits you the most.