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As a leader, you may question if your approach is good or bad for your team, but management styles are not that simple. Instead of one way of acting, your strategy should get tailored to your environment and the goals you are trying to accomplish.

There are five distinct leadership styles that most managers and entrepreneurs use to gain success in their companies. To win as a leader, you must understand these styles and the business situations where they will be most helpful. Continue reading below to learn more.

Authoritarian Leadership

Authoritarian leaders manage all of the actions and activities of their staff without any significant taking suggestions or ideas from their subordinates. When you use this method, you keep full command over a team, which leaves very little independence or liberty within the group. This process is effective when facing tight deadlines, but creativity gets sacrificed since team feedback is restricted.

Participative Leadership

When using the participative leadership style, all members of teamwork collectively make decisions. This style is best when you need to increase motivation and strengthen your team. Higher levels of productivity often get achieved because you urge everyone to cooperate. Yet, if conflicts and division occur within the group, it can be a cumbersome process to reach an agreement.

Delegative Leadership

Leadership is transferred to associates within your team when you use the delegative leadership approach. This plan is best employed when working with a skilled, reliable team that favors working individually. This hands-off approach can promote increased maturity and more accelerated progress with your staff. But, some associates may become confused about their role in the company and how they should spend their time.

Transactional Leadership

The transactional leadership style is when leaders strike a deal with their crew to get their goals accomplished. If your department or company is in a crisis situation or needs the projects completed in a specific way, you can present rewards or punishments to get the work done. To gain victory with this strategy, you must provide easy-to-follow instructions for your team.

Transformational Leadership

Transformational leadership typically involves using passion and enthusiasm to inspire their team into action. You motivate employees to move forward to get progress for the team and themselves. This encouragement works well when you need your team to exert additional effort or embrace change. But, if not used carefully, this can lead to burnout for you and your team.