Types of Leadership Philosophy
After understanding the leadership philosophy definition, it is time for a brief overview of different leadership philosophies in a business and how they suit an organization’s workflow. You will also find some leadership philosophy examples below.
1. Democratic leadership philosophy
Democratic leadership philosophy focuses on the significance of directing common efforts to achieve a goal. It prioritizes the people’s voice and is impartial towards stature. In this, a leader regards the team’s opinion in decision-making.
- Example –I believe that this organization is autonomous, and everyone should get involved in the decision-making process. Therefore, I will share my responsibilities and pay heed to the opinion of my team members.
2. Autocratic leadership philosophy
Autocratic leadership philosophy contradicts the beliefs of democracy. Here, the leader has total control of the organization’s business. The leader depends upon their authoritative demeanor and delegates responsibilities and tasks to those working underneath them. This type of leadership is most effective when a leader has to think on their feet under difficult circumstances.
- Example- I understand that I am the most qualified person to lead my team. Therefore, I hope to motivate and delegate my team and act with authority. Furthermore, I intend to govern my team and treat them fairly while ensuring they fulfill their duties.
3. Strategic leadership philosophy
As the name suggests, strategic leadership philosophy focuses on creativity and innovation. It prioritizes looking far off into the future and planning. Many leaders adapt strategic leadership to take steps in a competitive environment.
- Example – I aim to bring change in management. I will devise projects and expect my team to act strategically in a given situation. I will portray a dignified personality and show rational thinking and decisiveness.
4. Transactional leadership philosophy
Transactional leadership philosophy encounters problems with the help of incentives. It provides promotions for meeting deadlines or demotions for failing to do so. However, this leadership is consequential as it leaves little room for employees to improve.
- Example –I understand that my team performs well under my guidance. Therefore, I will take an incentivized approach and trust my team to deliver their tasks promptly and effectively. Therefore, I will offer rewards and bonuses for impressive performance but be impartial toward irresponsible workplace behavior.
5. Laissez-faire leadership philosophy
In laissez-faire leadership, the leader overlooks the management without getting involved. Instead, the leader allows the team to take on tasks, make decisions, and provide solutions to problems. While it may seem like the best example of leadership philosophy, the workplace may experience mayhem under unforeseen circumstances.
- Example –I understand that my team is well-versed in the field. I will allow them to use their knowledge to make decisions and fulfill their duties while I overlook matters of greater importance. I aim to provide guidance and act with integrity.
6. Transformational leadership philosophy
As opposed to laissez-faire, a leader with a transformational leadership philosophy uses a hands-on approach. The leader sets goals, provides solutions, and the means to achieve success and explore new domains. As a result, transformational leaders have a remarkable influence on society.
- Example -I believe in revolutionizing the industry by using a motivational approach. Therefore, I will guide my team and constantly strive toward achieving goals. I trust my team, but I intend to overlook the operations and lead the management with my skill and expertise.