MN7185-Pros and Cons between different leadership styles-Blog 02

Relationship between strategic management and leadership

Both strategic management and leadership are unique concepts related to any kind of organization to achieve their targets and goals.

Strategic management: Strategic management is the organized development of the resources of the functional areas which are financial , manufacturing , marketing , technological , manpower etc, in the pursuit of its objective it is the use of all the entity resources, It is a set of policies adopted by senior management, which guides the scope and direction of the entity. It takes into account the environment in which the company operates (Riston, 2008)

Leadership: leadership is the art of motivating a group of people to act towards achieving a common goal. This leadership definition captures the essentials of being able to inspire others and being prepared to do so. (Ward, 2018)

Different leadership styles can be categorized as below.

• Autocratic Leadership

Autocratic leaders view themselves as having absolute power and make decisions on behalf of their subordinates. They dictate not only what needs to be done, but also how those tasks should be accomplished.

Pro: Decisions are often made quickly and strategically, and teams are kept on track as a result.

Con: Employees can feel ignored, restricted, and in the absolute worst of cases even abused.

• Bureaucratic Leadership

Bureaucratic leadership goes “by the book,”.

Pro: There’s plenty of stability. Since this is a systematized approach to leadership, things remain constant even through personnel changes and other shifts that threaten to rock the boat.

Con: It’s tempting to fall into the “we’ve always done it this way” trap. This approach can be inflexible and neglect to leave room for creativity or ideas from employees.

• Charismatic Leadership

Than encouraging behaviors through strict instructions, these leaders use eloquent communication and persuasion to unite a team around a cause. They’re able to clearly lay out their vision and get others excited about that same goal.

Pro: Charismatic leaders are very inspirational and effective at getting an entire group invested in a shared objective.

Con: Due to their intense focus, it’s easy for these leaders to develop “tunnel vision” and lose sight of other important issues or tasks that crop up.

• Laissez-Faire Leadership

Laissez-faire leaders provide the necessary tools and resources. But then they step back and let their team members make decisions, solve problems, and get their work accomplished without having to worry about the leader obsessively supervising their every move.

Pro: This level of trust and independence is empowering for teams that are creative and self-motivated.

Con: Chaos and confusion can quickly ensue especially if a team isn’t organized or self-directed.

• Democratic Leadership

They emphasize working together and actively involve their teams in the decision-making process. Democratic leaders value ideas and input from others, and encourage discussion about those contributions.

Pro: Creativity and innovation are encouraged, which also improves job satisfaction among employees and team members.

Con: Constantly trying to achieve consensus among a group can be inefficient and, in some cases, costly.

References

Ward,S.(2018). ‘The Balance Small Business’, Available at https://www.thebalancesmb.com/leadership-definition-2948275[Accessed 20 August 2019].

Riston,N.(2008). ‘UKEssays’, Available at https://www.ukessays.com/essays/management/link-between-strategic-management-and-leadership-management-essay.php [Accessed 20 August 2019].