Leadership Styles  |Get Solution

In Lesson 6, a variety of Leadership Styles are reviewed (see excerpt below).  Review these styles and identify which one you feel you would like to embody as the owner/manager of a small business.  Why do you think this would be work best for you?  What are the pros and cons of this style? From Lesson 6:Effective entrepreneurial leaders can motivate and inspire.  They can create a community from a disparate group of strangers.  Success of the venture depends largely on whether leadership can develop a vision and convince internal stakeholders to adhere to this vision.  Employee buy-in is necessary and effective entrepreneurial managers can develop this by making sure every employee has a clear understanding of their role in the business.  The effect entrepreneurial leadership has on their employees can be significant, especially for a small business.  Effective leaders know this and employ various managerial styles to achieve the best effect on personnel.  The following six leadership styles were determined by a study of over 4,000 managers (Murray 2010).Visionary leaders motivate employees to work for a vision.Coaching leaders foster a relationship with employees based on trust.Affiliative leaders create harmony within the organization based on emotional bonds.Democratic leaders develop buy-in through participation.Pacesetting leaders set challenging goals and expect excellence.Commanding leaders demand immediate compliance.Murray, Alan. The Wall Street Journal Essential Guide to Management: Lasting Lessons from the Best Leadership Minds of Our Time. New York: Harper Business, 2010.

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