Strategic leadership
Strategic leadership is about a leader’s ability to visualize, plan, lead, and reach organisational goals. It’s the ability to influence others to make decisions voluntarily that improve the prospects for the organization’s long-term success. The strategic leadership style emphasises a leader’s ability to tap into concepts and skills and process them to guide a business towards long term financial stability.
Autocratic leadership
Autocratic leadership, or authoritarian leadership, is a leadership style denoted by an individual taking all decisions with little input from others. And autocratic leaders typically make choices based on their own beliefs, ideas, and judgments. Also, an autocratic leader rarely accepts advice from followers. That means the leader holds all the decision-making power.
Some well-known examples of autocratic leaders are—Adolf Hitler, Napoleon Bonaparte, Queen Elizabeth I, and Vladimir Putin.
Situational leadership
The Situational Leadership Model, created by Paul Hersey and Ken Blanchard, is an adaptive leadership style. In this leadership style, the leader takes a different approach to leadership based on the follower’s knowledge, competency, and motivation level.
Transactional leadership
Transactional leaders essentially motivate their subordinates by exchanging rewards for desired performance. It is sometimes referred to as managerial leadership. Also, transactional leadership is more appropriate for organisations with a fixed structure.
Democratic leadership
Democratic leadership is also referred to as participative leadership or shared leadership. A democratic leader allows members of the group to take a participative role in the decision-making process. Democratic leadership is very helpful in solving complex problems. But it can be quite time-consuming. Some real-life examples of successful democratic leaders are General Dwight Eisenhower and Nelson Mandela.
Out of all the leadership styles, there is no way to label a leadership style as inherently “good” or “bad.” That’s because every leadership style is useful in a particular context. So it is best to be as flexible and agile as possible.