Entrepreneurship

The word leadership can be traced back to an Old English word ‘laedere,’ which means a person has the power to lead. For example, when a group of people is working under a company or organization and trying to achieve a larger goal, the organization appoints some people known as leaders to the group members to guide them in the right direction so that they don’t go astray.

Managing a large group requires a leader with different characteristics, such as a charismatic leader, a democratic leader, and a bureaucratic leader who possess specific strategies for managing the company. Various technique of producing high-quality products at low cost is known as a cost leadership strategy.

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The role of team members in managing an organization is undeniable. These members are divided into groups or teams for convenience, and some team leaders monitor whether they are correctly performing the work responsibilities assigned by their superiors. In addition, they motivate the team members in various ways and maintain peace and unity in the organization.

In this context, such leaders focus on organizational development through their sharp business and political acumen. Different leadership styles such as bureaucratic, democratic, autocratic, situational, behavioral, etc. are also present in such personalities.

Leaders play a significant role in organizational and employee development and simplify communication between management and team members. Charismatic leadership, however, is one of the most substantial and attention-grabbing leadership styles, which defines the traits of a great leader.

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This leadership paradigm divides leadership into democratic, autocratic, and laissez-faire leadership. The form of democratic leadership is also called participative leadership. According to Kurt & Lewin, democratic leadership is also effective and undergone in Kurt Lewin’s leadership styles.

However, dictatorial leadership is the direct antithesis of participative leadership. It stipulates that the leader will make every choice in the organization’s best interests. Laissez-faire, on the other hand, involves the leader not imposing strict rules or keeping a significant distance from the followers.

However, this leadership style is characterized by the fact that no one leadership style is suitable for use in a single format. When necessary, it may, nevertheless, rely on the circumstances.

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Transactional leadership is considered a form of leadership that values structure and order at intervals in every relationship. It can be used in massive company environments, international agreements, and military operations.

Transactional leadership needs specific rules or laws to be followed to complete explicit objectives. It is a leadership that needs folks to be self-motivated to the slightest degree. Team members with a transactional leader should be ready to work at intervals directed around that are highly structured.

It focuses on manufacturing results higher than the rest and motivates folks to realize them by giving clear rewards or consequences.

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The words “spirit” and “leader” are crucial to the concept of spiritual leadership. According to conventional wisdom, life’s animating energy, or “spirit,” is what gives organisms their distinctive identities as living creatures. The essence, or spirit, is the thing’s actual worth or significance.

Spiritual leaders are those who inspire others to follow their lead on an issue or persuade them to adopt their perspective. To foster a highly motivated, loyal, and productive workforce, spiritual leaders must instill in their teams a shared vision of service to the company’s most important constituencies and a corporate culture based on unselfish love.

Authentic spiritual leadership aims to provide for the spiritual needs of both the leader and the lead. Consistency in the organization’s vision and values is another goal.

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