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Different Leadership Styles For Executives
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Different Leadership Styles For Executives - Executive Leadership Articles

Different Leadership Styles For Executives

Executive Leadership Articles

Different Leadership Styles For Executives

Just as every business or organization is a unique entity, every Executive Manager must find and develop his or her own style of leadership. Identifying the style that works for you and your business may take some trial and error, but it is worth the time and effort to optimize the relationship between you and your organization. Here are some things to consider when creating your leadership style:

Establish a Formal Structure. As the leader, it is up to the executive manager to determine and implement the structure of the company. Some organizations benefit from a more structured environment: formal structure can clearly define workflow, ranging from daily responsibilities to individual projects to emergency situations. Informal structure, on the other hand, can encourage creativity and innovation. Finding the balance between formal and informal structure will depend on the particular circumstances of your business. Defining the structure of your company sets the tone for your leadership.

Set Goals. Every business has goals, whether they are "big picture" goals for the future of the entire company or individual goals for a single project. For some organizations, the Executive Leader only needs to set broad goals for their employees, who can then work out the details. Other organizations require specific tasks for individual workers in very specific timeframes. Most organizations utilize a combination of both types of goals to help the business run smoothly; therefore, it is the Executive Leader's responsibility to set the right goals at the right time.

Make Decisions. As an Executive Manager, one of the most important decisions facing you is how to make decisions: do it all yourself or involve others. Some leaders make all decisions on their own with little to no input or advice from outside sources, even their own employees. This style can be very efficient, time wise, since few or no other opinions must be considered, but it also closes the doors to possibilities that those opinions may have opened. Additionally, it has the potential to undermine employee morale if staff members have no say in the decisions that affect their work.

Some leaders, on the other hand, involve some or the entire staff in the decision-making process. This gives employees a much larger stake in the success of the organization and allows for many opinions to be considered. Furthermore, it provides employees with the opportunity to improve their own management skills. It is, however, a much slower process, especially in larger organizations, and may not be appropriate for all decisions or environments. It is up to each Executive Leader to determine which decisions must be made by committee, by consensus or by the Executive Leader alone.

To develop a leadership style, executives should understand not only their business but their employees and themselves. There is no formula for successful leadership. As you build and manage your company, you may have to try a variety of styles before finding the one that ultimately leads your company to success.

 

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Different Leadership Styles For Executives - Executive Leadership Articles

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