Read the article below and do the task given at the end of it.

Title: 5 Different Types of Leadership Styles

by Lindsay Kramer; Updated July 09, 2020

Leadership styles in business can be organized into five categories: autocratic, democratic, laissez-faire, transactional and transformational. Each of these leadership styles has its benefits and its drawbacks, and each is more effective in certain workplace types than others. Sometimes, the most effective leadership style for a workplace depends on the mix of employee personalities present or the mix of experience levels in the workplace.

Autocratic Leadership Style

Autocratic leadership, also known as authoritarian leadership, is a leadership style where the boss has absolute control over decisions in the workplace. Team members are not asked for input; they are expected to comply with all decisions and orders made by their leader. Autocratic leadership, like all the other leadership styles in management, has its benefits as well as its drawbacks.

Democratic Leadership Style

In many ways, democratic leadership is the opposite of autocratic leadership. Democratic leadership, also sometimes known as participative leadership, is a leadership style characterized by the leaders choice to involve team members in the decision-making process. In all decisions, the leader has the final say, but they make decisions according to the input they receive from his team.

Laissez-faire Leadership Style

Perhaps the easiest way to understand laissez-faire leadership is this: If democratic leadership is the moderate opposite of autocratic leadership, laissez-faire leadership is the extreme opposite of autocratic leadership. Laissez-faire leadership is, essentially, the lack of a clear leadership role. While one individual may be the leader in title, the reality in this type of workplace dynamic is that everybody is an equal decision-maker and every piece of input from the team is considered equally.

Transactional Leadership Style

A transactional leaders primary goals are order and structure in the workplace. Under a transactional leader, self-motivated employees tend to be most successful because the leader has created a structured, rigid environment where they use clear rewards and punishments to drive employee performance. For example, a transactional leader might require each member of the sales team to speak with five prospective customers each day, offering catered lunch on Friday for every team member who met this goal Monday through Thursday.

Transformational Leadership Style

Among all the recognized leadership styles in business, transformational leadership is perhaps the most focused on the leaders personality. With this type of leader, employees are guided by a clearly defined vision for success, which may be the leaders personal vision or the companys mission statement. This kind of leadership inspires innovation and generally creates a positive workplace culture.

TASK:

The article above explained five different leadership styles that are being used by leaders. Identify five leaders in your workplace or university who would fit the above leadership styles. Write a short report that covers the characteristics of the leaders and why you think they fit the identified style of leadership. Justify using examples.