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The five leadership styles most commonly utilized are authoritarian (autocratic), participative (democratic), delegative (laissez-faire), transactional (managerial), and transformational leadership (visionary). Each style takes a different approach to leading others and has its own strengths and weaknesses.

Different approaches or theories of leadership. Broadly, there are five main theories of leadership: (1) Traitists theory, (2) Situationalists theory, (3) Behavioural theory, (4) Followers theory, (5) System theory or Path-Goal theory. We shall now explain each one of them in brief : Traitists Approach or Theory. This is a classical theory.

5. The Trait Leadership Theory. Trait leadership theory is an evolution of the Great Man leadership theory. It is almost as limited for many of the same reasons, however, it does provide some useful insights. Trait leadership theory is also based on the idea that the skills and attributes of great leaders are inherent, not learned.

Core types of leadership theories 1. Trait-based. Trait-based leadership theories are all about identifying the traits that make certain leaders succeed. “The theory is based on the idea that a leader must possess certain qualities, such as intelligence, charisma, and drive, to be successful,” says Unsanmaz.

Participative Theories . Participative leadership theories suggest that the ideal leadership style is one that takes the input of others into account. These leaders encourage participation and contributions from group members and help group members feel more relevant and committed to the decision-making process.

According to Michael Hackman and Craig Johnson (2009), “Over the past 100 years, five primary approaches for understanding and explaining leadership have evolved: the traits approach, the situational approach, the functional approach, the relational approach, and the transformational approach [emphasis in original]” (p. 72). The rest of ...

UNIT 5 THEORIES OF LEADERSHIP Structure 5.1 Introduction 5.2 Objectives 5.3 Defining Leadership, Meaning and Its Importance ... have been various approaches adopted by different set of leaders, as one model may not be suitable for different organizations with different set of objectives. Moreover, such

ADVERTISEMENTS: Some of the major theories of leadership are as follows: 1. “Managerial Grid” Theory 2. Likert’s Behavioral Theory of Leadership 3. Fiedler’s Situational theory of Leadership 4. Traits Approach 5. Bass’s Motivational theory of Leadership. Stogdill, Likert, Fieldler, Bass and Blake are some outstanding theorists who have proposed theories of leadership based on a […]

Leadership Theories Leadership Styles; 1. Definition: Frameworks explaining qualities, behaviors, and dynamics of leadership. Approaches or manners in which leaders carry out their roles. 2. Focus: Theoretical concepts that guide understanding of leadership. Practical execution of leadership principles. 3. Purpose

On the other hand, behavioral theory approaches effective leadership as not determined by inherent traits but by the leader's behaviors and actions (Khan et al., 2016). It emphasizes the ...

5. The transactional theory of leadership: This style of leadership—also known as management theory—is task-oriented and operates off the premise that effective leaders should treat their employees and team members transactionally. A transactional leadership approach means taking an authoritatively managerial stance by rewarding when ...

Contingency Theory. The Contingency Theory of leadership suggests that there is no one-size-fits-all approach to leadership. Instead, effective leadership depends on the context or situation. Different scenarios call for different leadership styles, and a leader's ability to adapt to these situations determines their success.

5. Contemporary leadership theory. Contemporary theory is a group of modern literary approaches to leadership. Contemporary leaders use personal influence to develop and inspire people to achieve organizational goals. ... This theory addresses various contemporary leadership theory approach such as - Management theory or Transactional ...

Explore modern theories of leadership, including transactional, transformational, authentic, servant, adaptive, LMX, positive, ethical, crisis, inclusive, digital, and neuroleadership. Understand how these theories address the challenges and complexities of leadership in today's ever-changing business landscape.

Here are five of the best theories on leadership: Transformational: James MacGregor Burns was a political sociologist in the 1700s, who saw leadership qualities falling under two types. Transactional leaders are those who influence others by what they offer in exchange for their help.

This report provides an overview of five distinct leadership approaches: Situational Leadership, Transformational Leadership, Path-Goal Theory, Trait-Based Leadership Theory, and Style Theory. It delves into the core principles of each theory, highlighting their strengths, weaknesses, and suitability for different contexts.

Relevance to CFA Syllabus. CFA candidates need to be familiar with leadership theories, ethical frameworks, corporate finance, and governance concepts. Good leadership affects the corporate policies of organizations; risk management and ethical practices. Leadership theories are key drivers in building effective investment management and corporate finance skills for CFA practitioners.

Explore the various theories and approaches to effective leadership. HyperWrite's Theories and Approaches to Leadership Study Guide is your comprehensive resource for understanding the different perspectives on leadership and how they can be applied in various contexts. This guide covers the key concepts, models, and frameworks that have shaped our understanding of effective leadership.

It focuses on creating a vision and helping people grow. This theory is closely related to transformational leadership. 5. Transactional Theory. Transactional Theory is about rewards and punishments. Leaders use this theory to manage tasks and performance. It’s effective for roles that have clear goals and tasks. Conclusion. Leadership is an ...