Leadership in Business

Running Head: LEADERSHIP IN BUSINESS
LEADERSHIP IN BUSINESS
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LEADERSHIP IN BUSINESS 1
Introduction
Leadership styles, more often than not, align with the personality type of individual
leaders. As mentioned by Antonakis & Day (2017), leadership is the ability of an individual or a
group to guide or influence subordinates or others members of a team or organization. However,
appropriate techniques that are best suited for the business environment may be acquired through
consistent deliberation and striving to meet the demands of a specific business setting. The
various leadership styles may include transformative, autocratic, participatory, laissez-faire and
transactional among others. In certain instances, that may even manage to bring about
transformational changes among subordinates of the leader. On the other hand, it also comprises
of dictatorial leadership techniques that may only require the strict following of instructions or
leadership style that effectively calibrates performance in lieu of attractive incentives. The essay
discusses various leadership styles and comparisons along with critical analysis of the same.

LEADERSHIP IN BUSINESS 2
Discussion
Leadership styles are focused on attaining the objectives or goals of the business through
diverse techniques. It leads to the achievement of specific organisational goals under the
guidance of a particular person-in-charge. As stated by Romager et al. (2017), the description of
leadership entails alignment of individuals into a cohesive unit that functions efficiently to
achieve a common objective. In the business context, effective leadership style leads to reaping
of higher profits that result in driving up the value and positively impacts the bottom line of the
business.
Different leadership styles
The various leadership styles include autocratic, laissez-faire, transformative,
participative and transactional among others. As discussed by Anderson & Sun (2017), the
autocratic leadership style is based on the principle of control and subordinates are expected to
adhere to only the specific orders given. On receiving the instructions, subordinates are expected
to undertake prompt execution. It is suitable in a business setting that requires optimum output
and the job is mostly repetitive. Laissez-faire leadership style allows least supervisorial
intervention and usually leads to members function to their strengths and own motivation.
Figure 1: Different leadership styles
Autocrati
c
Laissez-
faire
Transfor
mative Participant
Transacti
onal