Autocratic Leadership And Leadership Styles For A Successful Business

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Businesses have many other areas to concentrate on, before they can successfully produce goods and services demanded by the customer. There are four elements of production land, labour, capital and entrepreneurship. The final and the important element, entrepreneurship focuses on managing and utilizing the other factors of production in a way so that the business aims are met. Leadership is the key of a successful manager and a high level business performance. It is defined as an art of motivating and managing employees in a way that the business capabilities are achieved and the employees are satisfied as well. To carry out authentic and accurate tasks, managers have to tackle many different functions, by showing its employees clear vision and direction for its business.
Leadership style refers to the way managers take decisions and communicate with their employees so the operations carried out are in an efficient mode. Leadership style is important for a successful business as it acts as motivational tool to motivate the individuals. The difference between a boss and a leader is that, the leader always acts as a figure of motivation for its workers and inspires them to aim higher and higher, where as a boss only supervises its workers. Leadership style is distinct into four types that is; autocratic, democratic, paternalistic and laissez-faire.
Autocratic leadership style consists of one way communication and workers are given little information about the business, the leader takes all the decision by him without any intervention of the staff. Workers in this management style are dependent and are less likely to be motivated towards their job and can affect their performance. In the decision making process manger is going to ta...

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.... If the decision needs to be made rapidly in some departments, then the manager will give its employee authority to take decision depending upon its experience and qualifications. It is important for the manager to guide its employees towards that direction in which the business aims and goals for. If the business aims and goals are related to research and creative ideas, then the manager has to give its employees authority within very broad limits in order to get the results they aim for.
In today’s world successful businesses take strong measures on the concept of leadership style, to ensure that they reach their targets they aim for and at the same time have a good working environment in the company. Big companies such as Microsoft and Apple are amongst some companies to have the best leadership style in order to satisfy their employees and guarantee efficiency.

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