Leadership is an inter-personal characteristic which influences and escort others to achieve the objective and goals. Leadership in an organisation is very vital to set out the goals and overall vision of the organisation and set the directions of the organisation. Effective leadership is the essential requirement of an organisation to get success in the business atmosphere. A leader can play a role by encouraging employees by rewards, enhancing their morale etc. to get the best use of their skills to achieve the organisation’s goals. In the 21st Century, there are many types of leadership styles exists in a business organisation that would be significant to understand the leadership and its importance in an organisation. Some leadership styles as listed below:
Autocratic style permits leader to influence and power to leader or manager to take decisions individually without the participation of others employees and members of the organisation. A leader can use all of its power and impose their own will on others members. In an Autocratic style of Leadership, no one can argue and challenge the decisions of leader. Kim Jong-un, the president of North Korea is the real-life example of an autocratic style of leadership. This kind of leadership is supportive in an organisation that is facing a lack of efficiency and discipline.
As a contrast to the autocratic leadership style, Democratic style values to the participation of the employees and other members of the organisation in the decision-making, policy matters of the company and other operations of the organisation. In this style of leadership, employees feel to be the part of an organisation that boosts up their morale and really involves them in the matters of the organisation and enhances their performance.
This leadership style is totally opposite to the Autocratic style of leadership. This style of leadership permits the employee too much independence of doing work as they think easy to do. In this style, power and authorities are allocated or assigned to subordinates according to their designation or group. This type of leadership hardly monitors the work of other employees and didn’t get feedback on a consistent basis... This style of leadership is advantageous in that organisation who appointed highly competent and qualified employees who can take decisions and responsibility to get a job done effectively.
Charismatic style of leadership depends on the personality, integrity, charm and inner characteristics of the leader that can attract other peoples around them to be the part of work that will be good for an organisation and for the society.