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| Francisco Faraco - Founder & Managing Partner at Faraco Partners, LLC |
What is leadership? Leadership is the art of influencing others in such a
way that they start following the orders of the leaders willingly. All the
leaders in the world believe in different styles of leadership. There are
multiple styles of leadership out there but all the managers follow different
leadership styles. They decide the type of leadership based on a number of
different factors. Most of the leaders choose a random style of leadership or
follow a leadership style they have experienced in the past. There are multiple
leadership styles to choose from.
The leaders can choose the style of leadership that best fits their
company. The leaders have to perform a number of different roles at the
company. They have to perform interpersonal roles. They have to play a variety
of roles under different circumstances in the company. Sometimes the leaders
have to play the role of figureheads (people who represent a company or
family). Sometimes the manager has to play the role of a supervisor, sometimes
he needs to act as a bridge between the departments. The leaders or managers
connect the departments, they act as a bridge between departments to connect
the employees of different departments. As mentioned earlier, leader/managers
follow different styles of leadership. Here are the most common styles of
leadership.
1) Autocratic Leadership
Autocratic leadership is one of the most common styles of leadership. It is
the style of leadership with centralized management. In this style of
leadership, all the power will be in the hand of one person who does not like
to delegate the power to his subordinates. The person here is the leader.
Delegation is basically passing down the authority from a higher level of the
hierarchy to lower one. The subordinate has been given the authority but the
ultimate decision-making power is still with the manager. Delegation is also
known as empowerment.
2) Democratic Leadership
Democratic leadership is a decentralized management structure.
Decentralization stands for delegation. Democratic leaders have a participative
style of management. They lead the company and let the subordinates take part
in the decisions of the business. They believe in passing down the authority to
the employees or subordinates.
3) Free Rein
It is the rarest type of leadership style. The leaders in this style let
the workers do what they want to do. The workers are granted maximum freedom in
the workplace.

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