Leadership Theory

The word leadership can be traced back to an Old English word. That word is “laedere,” which means a person with the power to lead. When a group of people is working under a company or organization and trying to achieve a larger goal, the organization appoints some people known as leaders to the group members to guide them in the right direction so that they don’t go astray.

In this case, prime organizations capitalizing on the market share will set prices against the goods and services. For example, in the airline industry, those who capitalized the most market share are setting the price for their services, whereas other competitors should make them according to their changes.

Read more

Managers are given the tools to lead their teams through any challenge effectively. Decision-making under democratic leadership approach is always group-based. It is a comprehensive process of obtaining opinions from staff to identify numerous solutions to a complex issue. This is a shared responsibility between leaders and followers.

This article intends to put forward various aspects of democratic leadership and its implementation in different scenarios.

Read more

Laissez Faire is a policy to take things on their course. It means there is no one to interfere in the matter. This leadership style signifies that there should be no intervention in the business. Therefore, an organization can operate without any legal hesitation.

Here, various businesses and institutions need to improve the efficiency with which their staff completes their tasks. Sometimes, unnecessary intervention might affect business operations, so this leadership approach is appropriate to avoid unnecessary intervention.

In this article, we will go through various aspect of Laissez-faire Leadership style, its feature, advantages, implementation along with real-life example.

Read more

Servant leadership has recently become increasingly popular in the business world. It focuses more on serving others rather than relying on power or position to lead. Servant leadership is based on the idea that leaders should focus on helping others reach their potential rather than simply controlling them. This type of leadership has been found to have a positive impact on both employees and organizations.

In this article, we will explore some of the most common examples of servant leadership, as well as the benefits associated with it.

Read more

The word leadership can be traced back to an Old English word ‘laedere,’ which means a person has the power to lead. For example, when a group of people is working under a company or organization and trying to achieve a larger goal, the organization appoints some people known as leaders to the group members to guide them in the right direction so that they don’t go astray.

Managing a large group requires a leader with different characteristics, such as a charismatic leader, a democratic leader, and a bureaucratic leader who possess specific strategies for managing the company. Various technique of producing high-quality products at low cost is known as a cost leadership strategy.

Read more