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8 Modern Leadership Practices

An efficient leader is the first condition of a successful business. Successful leaders combine a plethora of leadership styles or just follow one unique style. Leadership styles are constantly evolving and play a vital role in organizational improvement.

Leadership development executive course helps accelerate the careers of talented leaders and mould them to be exceptional influencers on corporate success. Online certification in advance leadership IIM Lucknow improves cross-functional skills and decision making among aspiring leaders by inculcating broader business knowledge, leadership insights, and global perspectives.

 

Following are the eight most potent leadership practices for organizational success:-

  • Transformational Leadership

Transformational leaders motivate their staff through effectual communication and compelling collaborative techniques, thus paving the path for success. Transformational leaders set challenging goals and expect top results from each employee intending to generate optimum results. Leadership development executive course inculcates potential leaders with ‘Blue sky thinking’ which refers to brainstorming without limitations.

  • Democratic Leadership

Also known as participative leadership, this style involves leaders asking inputs and expect collaboration from their subordinates. Individualistic creativity takes the pedestal and leads to increased levels of employee job satisfaction, thus achieving organizational goals.

  • Laissez-faire Leadership

Laissez-faire” translates to ‘let them do’. In this leadership style, the leaders employ a hands-off approach and enable employees to make decisions. This leadership method is useful for achieving targets in creative work environments with experienced staff.

  • Transactional Leadership

This style concentrates on creating an unambiguous chain of command and enforcing a carrot and stick technique to management activities. With a focus on group organization, transactional leadership encompasses: clarifying the expected performance results from employees; elucidating how to meet such expectations; and reward allocation on meeting objectives. Leadership development executive course enables capable leaders to learn how to lower training costs, deploying powerful motivators like tangible perks, and establish clear order regarding rules and authority, which will ultimately lead to an increase in productivity.

  • Autocratic Leadership

As the name suggests, this style lies on the extreme end of the spectrum of transactional leadership. Autocratic leaders assume total staff control and rarely consider or accept the views and suggestion of employees.

  • Strategic Leadership

This is seen as a highly competent leadership style which involves the leaders taking strategic initiatives to reach a wider audience at all levels to create a high-performance setting for the team and the organization.

  • Bureaucratic Leadership

This leadership model is most suitable for a highly regulated work environment where adherence to rules is vital to maintain the administrative hierarchy. Leaders follow a strict set of rules precisely, and the same is expected from the team members.

  • Charismatic Leadership

A tinge of similarity is apparent in both charismatic and transformational leadership in the sense that both are heavily dependent on the personality and positive charm of the leader.

 

Final Thoughts

The vision and culture of an organization ascertain which leadership style is the most suitable. Online certification in advance leadership IIM Lucknow is conceptualized to handle the critical needs of leaders in meeting the challenge of making the organization survive the highly competitive business environment.

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