Leaders play a major role in the growth of people around them and the businesses they are part of. While some have leadership skills in their genes, others develop them over the passage of time.  Vic Wadhwa has worked with Fortune 500 companies and helped groom future leaders in sales, management, and growth. That’s why I decided to talk about the most popular leadership styles out there.  Let’s start!

Democratic leadership

Democratic leadership is all about making decisions based on inputs from the team members. The leader makes the final decision but listens to all stakeholders before making the call. It is one of the most effective leadership styles that allows lower-level employees to engage in decision making process.  Vic Wadhwa lives by this leadership style and it has helped me a lot in bringing out the best in my teams.   Learn what to avoid while investing in stocks.   

Autocratic leadership 

This leadership style is not popular (and loved) one. In this, the decision-makers assume that they made the right decisions because they have the best know-how and everyone should follow without a murmur. They take almost no input from the team members before making the decisions.  According to Vic Wadhwa, this leadership style is not of much value unless you are a Steve Jobs kind of guy.  

Authoritative leadership

The authoritative leadership style represents confident leaders. They set expectations and help their team understand where the company’s growth is going and how they can help. Authoritative leaders are different from autocratic leaders on the engagement level.  The best thing Vic Wadhwa likes about authoritative leaders is that they take time to explain their thinking process to their employees and sometimes even gather inputs.   

Strategic leadership

Strategic leaders influence the employees to become part of their vision and create a ground for collective growth. They draw the blueprint and help team members to fit specific roles in achieving a bigger vision. Vic Wadhwa believes that this type of leadership is important for long term growth.  It is often hard for some leaders to follow strategic leadership but it is worth the effort!  

Transformational leadership

In this leadership style, every employee of the company works according to the task given to them. Transformational leaders always work to disrupt the work processes and environment. They push their team members to work more and step outside their comfort zone.  A rewarding leadership style if you ask Vic Wadhwa!  

How to choose a leadership style

According to Vic Wadhwa, it is important for everyone to understand which leadership style best fits their personality. Below are the tips and ideas that will help in choosing the right leadership style for yourself!    Understand yourself: The first step to develop a leadership style is ‘understanding yourself’. Take the help of your friends and family to learn about your strengths and weaknesses. Learn different styles: Learn more about the different types of leadership (I just covered this part I think) and understand what skills you need to develop your favorite leadership style. Practice practice practice: Don’t embrace a leadership style with which you are not comfortable. If you ask Vic Wadhwa, people identify fake leadership styles very quickly. Practice more to become a good leader!   

Grow with Vic Wadhwa

The above tips will help you in learning about the top 5 styles of leadership. Choose the one that’s the perfect fit for your present personality and polish it to become really good at it.  Have questions in mind? Drop your questions in the comments to get a quick reply from Vic Wadhwa.    About the author: Vic Wadhwa is an accounting, sales & management professional with over 10 years of experience. Proud American. Contact Vic Wadhwa to grow your business and achieve financial well-being.