7 Major Leadership Theories Every Manager Should Master in 2022

I was stunned while reading this article about the 7 Major Leadership Theories Every Manager Should Master. Here are some of them:

Do good leaders make good managers? Or is it the other way around? It's a chicken-and-egg question that has no clear-cut answer. This often leads people to wonder what the?difference between a leader and a manager?really is. However, one thing is for sure — while leadership and management are not the same, they both must go hand in hand.?

That said, here are some of the major leadership theories that every manager needs to know to stay on top of their game.

1. Contingency Theory

This theory proposes that no one way or style of leadership may be applicable to all situations. In other words, it recognises that there might be variables influencing any particular situation, and a leader must choose the right course of action, taking into account those variables.??

2. Situational Leadership Theory

Like the Contingency Theory, the Situational Theory stresses the importance of situational variables and doesn't consider anyone's leadership style to be better than the others. According to this theory, different situations demand different styles of leadership and decision-making. Leaders must act by judging the situation they are facing.?

3. Transformational Leadership Theory

The Transformational Leadership theory, also known as Relationship theories, focuses on the relationship between the leaders and followers. This theory talks about the kind of leader who is inspirational and charismatic, encouraging their followers to transform and become better at a task.?

4. Transactional Theories

Transactional Theories, also referred to as Management theories or exchange leadership theories, revolve around the role of supervision, organisation, and teamwork. These leadership theories consider rewards and punishments as the basis for leadership actions. This is one of the oft-used theories in business, and the proponents of this leadership style use rewards and punishments to motivate employees.

Bottom Line

As you can see, leadership theories are based on different ways of thinking. Some focus on traits and qualities, while some touch upon the importance of situational aspects that influence how leaders behave. Like many other behavioral concepts, leadership is highly multi-dimensional, and there are numerous factors that go into filling the shoes of a leader. Because the human side of the business is one of the most — if not the most — important elements that determine the success and failure of an organisation, leadership will always remain the most prised skill in the business world.?

Want to know more? Head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts at [email protected]; or call me on 0467 749 378.

Thanks,

Robert