Question

what is the best leadership theories also besides the theory does the business need good leaders?

Answer 1

There are the following best leadership theories:

1. Democratic Leadership is defined as the theory of leadership where leader makes decisions based on the inputs he receives from his employees.

2. Autocratic Leadership is defined as the theory of leadership where the leader makes decisions without taking any input from the employees.

3. Transactional leadership is defined as the theory of leadership where the leader believes in rewarding his employees for their achievement. It helps in establishing clear roles and responsibilities.

4. Transformational leadership is defined as the theory of leadership where the leader believes in transforming the company as well as the employees.

Yes, business needs good leaders. It is because, in the absence of leadership skills, no leader would be able to deliver results no matter what theory of leadership he uses. An organization should focus on hiring or making good leaders. Good leaders would further help the organization to achieve success.