Leadership

Leadership - sharing your vision and providing direction

Management - organisation of the business

Types of leadership styles:

Autocratic - leader has complete control

• Good for quick decision making

• Good for small businesses

Paternalistic - leader makes decisions in the staff’s best interests

• Good when staff are uneducated or inexperienced

• Good when leader needs to build a strong sense of loyalty

Democratic - team involved in decision making

• Good when the business needs to encourage creativity and innovation

• Effective on larger firms

Laissez-faire - leader is not involved, just employees

• Staff must be educated

• Good to build independence and motivation