FintechAsia
No Result
View All Result
Sunday, February 5, 2023
  • Home
  • All Hands on Tech
  • Business News
  • Crypto Facto
  • Start Me Up
  • Trading Days
  • Contact Us
FintechAsia
  • Home
  • All Hands on Tech
  • Business News
  • Crypto Facto
  • Start Me Up
  • Trading Days
  • Contact Us
No Result
View All Result
FintechAsia
No Result
View All Result
Home Finance

What Kind Of Leadership Models Are There, And Which One To Use

by Doug Colmar
September 15, 2022
in Finance
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

If you are in charge of leading a team, then you are probably familiar with leadership models. A leadership model is a series of theories and ideas that can be employed and used by team leaders to make leadership and management easier.

There are some very effective leadership models that you should know about. Some of the world’s most accomplished businesspeople use these models on a daily basis to ensure that their teams are focused and know what they are doing. This post will tell you about all of them so that you can find one that’s right for you.

Situational Leadership

The situational leadership model is one that’s very popular among business owners and business professionals at the moment because it is very effective. The situational leadership model is a model that’s very flexible because people following this model tailor their leadership to their followers’ personal needs and situations.

Untitled design(53)

More simply, leaders following this model will change the way that they behave or act according to the people that they are dealing with. If they are dealing with an employee that’s a tad emotional, then they will be supportive, and if they are dealing with one that doesn’t like to follow the rules or is more of a renegade, they will be firm and direct. The situational leadership model is a very good one because it allows leaders to treat each employee uniquely, ensuring that their needs are met.

Transactional Leadership

The transactional leadership model is also very popular because it involves appealing to your followers’ own personal interests and greed in order to incentivise them to work harder. It involves setting your team a task, then offering them a reward if they complete it, and then when they do, honouring this reward. The reward could be anything, from finishing work early, to a bonus for more difficult to complete tasks. The transactional leadership model does work very well but can become problematic because at times you may not be able to offer your staff any incentives. If they get used to incentives, then they might not work as hard if none are offered.

Autocratic Leadership

Autocratic leadership isn’t a model that’s especially popular with staff, but if your staff are paid well and enjoy good benefits at work, then this could be a leadership model that’s worth trying out. Essentially, it involves giving staff or your followers absolutely no control or say over their work or what they do. Your followers do what you tell them to do. If they do not follow your guidance, then they are punished. Autocratic leadership can seem a bit cruel, but it works very well.

Democratic Leadership

Democratic leadership is the opposite of autocratic leadership. Instead of making decisions on your own and forcing staff to follow them, you consult them, ask for their opinion, and work as a team.

Untitled design(51)

This can be a good method if you have a very small business or if your employees aren’t paid very well. Giving them more of a say will make them feel more connected to your company, which will in turn motivate them, especially if you are a start-up and are promising them higher wages in the future when your company develops and improves.

Charismatic Leadership

Charismatic leadership isn’t a model that’s available to all people. You need to be a charismatic person to follow this model because it involves charming employees into doing their jobs. If you have a magnetic personality, then this is a model that will probably come natural to you. With smiles, jokes, and compliments you convince your employees to get to work and complete tasks effectively. Make sure that you don’t overdo it however because overdoing this style of leadership can leave your employees or followers feel as though they have been manipulated or tricked.

Coaching Leadership

Finally, if you are a confident, courageous person, then you may want to try out the coaching style. Coaching is when you motivate your staff to complete tasks by working with them to develop as individuals and telling them that you believe in them. It is a style that doesn’t work for everybody, because a lot of people can feel as though they are being spoken to as if they were children. If you are going to follow this model, then you need to make sure that you do it in a way that it as inoffensive as possible.

Leadership models are worth researching if you are in charge of a team or a business. Learning about new leadership models can make it easier for you to take control of your team and get results.

  • Trending
  • Comments
  • Latest
What is the difference between fixed inputs and variable inputs? |

What is the difference between fixed inputs and variable inputs? |

February 2, 2022

Why Did My Pending Deposit Disappeared?

January 8, 2022
What Time Of Day Do Paypal Echecks Clear?

What Time Of Day Do Paypal Echecks Clear?

February 17, 2022
How do I uninstall Kubectl? |

How do I uninstall Kubectl? |

February 6, 2022

What Is A Good Credit Score Reddit?

0

Why Did My Pending Deposit Disappeared?

0

How To Pay Off Student Loans Fast Reddit?

0

How To Sell A Car In Tennessee?

0
sources china vietnam beijing anticovidjie streetjournal

Why Apple Wants to Move Production

February 3, 2023
ottawabased assent 350m 1b ann azevedotechcrunch

How Assent Compliance Will Use The Funding

February 3, 2023
veritone marvel.ai aivincent theverge

How Can Celebrities and Influencers Use the Platform?

February 3, 2023

Practices for Sending Transactional Emails You Need to Know

February 1, 2023

Recent News

sources china vietnam beijing anticovidjie streetjournal

Why Apple Wants to Move Production

February 3, 2023
ottawabased assent 350m 1b ann azevedotechcrunch

How Assent Compliance Will Use The Funding

February 3, 2023

Categories

  • All Hands on Tech
  • Business News
  • Crypto Facto
  • Finance
  • Start Me Up
  • Trading Days
  • Uncategorized

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

© 2021 FintechAsia.net

No Result
View All Result
  • Contact Us
  • Homepages
    • Home

© 2021 FintechAsia.net

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT