Reflection of world's leader Essay Example | Topics and Well Written Essays - 2500 words

Reflection of world's leader - Essay Example Often in real life situations, a leader strategically adapts a different style than their usual one or uses a combination of different leadership styles depending on the people they are dealing with and the situation they are in. (Harvard Business School, 2013). Leadership Styles Though leadership style varies from person to person, the common leadership styles can be categorized as below: Charismatic leadership - In Charismatic leadership style, the leaders infuses enthusiasm in their people and motivates their people to achieve and move forward. Charismatic leaders generally tend to believe more in themselves and their decisions more than that of their team. The organization tends to be completely dependent on this type of leader and there is a threat of the whole organization collapsing if the leader leaves. Autocratic leadership - In autocratic leadership, the leader has all the power over his people and is the sole decision maker and does not take any input from the team. Bureau cratic leadership - Bureaucratic leaders follow rules strictly and ensure that everything is done according to procedure. Bureaucratic leadership style proves to be ineffective when it comes to organizations dependent on flexibility and innovation. Transformational leadership - This is considered as the best leadership style used in business. Transformational leaders inspire both their teams and themselves to deliver the best which results in a higher level of commitment and productivity in the organization. Laissez-faire leadership - These leaders give complete freedom to their people in their work and provide their team resources and advice when required. People/relations-oriented leadership - In this style, leaders completely focus on developing and supporting their people. This encourages teamwork and the style is people oriented. Task-oriented leadership - This type of leadership only focuses on getting the job done. They plan, organize and monitor the work. Servant leadership - When a leader simply meets the need of the team, he is classified as a servant leader. Democratic/participative leadership - Democratic leaders take decisions but they take inputs from the team and consider their inputs while taking their final decision. They encourage people engagement and creativity. Transactional leadership - In this style, the team members obey their leaders and enter into a transaction of being paid for their compliance and their effort (Bonnici, 2011). Bill Gates-A Phenomenal Leader One of the most successful business leaders considered in today’s world is Bill Gates. The leadership style of Gates is a combination of Transformational and Charismatic. There are many effective leadership styles as mentioned earlier but in business, a leadership style called "transformational leadership" is often the most effective approach to use. Transformational leaders have integrity, inspire people with a shared vision of the future, set clear goals, motivate people towards these goals, manage delivery, and communicate well with their teams. Charismatic leadership style is similar to transformational style as a charismatic leader is enthusiastic and energetic in motivating his people to perform and achieve. Thus, he has an ability to create commitment and enthusiasm among his team. The difference between charismatic leaders and transformational le