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Conclusion

Management of the business means performing a variety of functions, comprising coordination of operations and resources towards the achievement of set goals. Brainstorming, scheduling, directing, and controlling, along with efficient communication and conflict resolution, all constitute leadership. The leadership styles may differ depending on the nature of decisions that are needed as some leaders may be autocratic, democratic, laissez-faire, transformational, transactional, or servant focused on bringing the organization to its goals while also motivating employees to grow and develop.

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Transformational Leadership:

Transformational leaders energize and excite teams by submitting a headline mission statement and supporting teammates to become a high achieving self-esteem. The leaders are setting examples in most of the cases and developing a trust-based and cooperative environment. This type of leadership can be the motor of progress and transformation but at the same time leaders need to have exceptional communication and social intelligence skills (Yusuf et al., 2022).

Transactional Leadership:

Task-oriented leaders pay great attention to efficiency and clarify what roles each employee should perform, what job they own and to what degree the team members of the team respond. They incentivise employees with rewards and disincentive them with punishments based upon their performance. However, under such leadership, even though the organization can successfully achieve its short-term goals, it might not encourage employee engagement or stimulate their creativity in the long run (Alfrida, Resi, and Simbolon, 2020).

Servant Leadership:

Servant leaders ensure the welfare and growth of their followers focusing on showing empathy, humility, and service to their mission. This group is central in the uplifting of others who in turn become more successful and satisfied. Staff loyalty in such a case would also be high. In contrast, it is about finding the right equilibrium between serving people and the establishment of the company's goals (Kadiyono et al., 2020)

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Leadership style

Autocratic Leadership:

Leadership will be the one who is in charge of making all decisions without the approval from the group members, thus possessing power over the whole team. However, it can be effective in the case of crisis handling or when demands for quick decisions are there, it may as well lead to reduced morale and creativity because of the negligence of employees' involvement (Saputra, and Mahaputra, 2022).

Democratic Leadership:

Democratic leaders do their best to engage their team members in the decision-making process by promoting contribution and harmony. Ownership of employees as well as creative solutions come to surface with the innovation achieved because of this way of management. Some additional time may be needed to arrive at these decisions while taking action in conditions that require immediate resolutions may prove equally or more challenging (Elkhwesky et al., 2022).

Laissez-Faire Leadership:

Laissez-faire leaders provide minimal guidance to their teams, allowing employees to have significant autonomy in decision-making and task execution. This style can promote creativity and self-motivation but may result in confusion or lack of direction if team members require more structure (Kelly, and Hearld, 2020).

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Overview of the topic

Management of a business involves coordinating and supervising to make sure that the operations and the available resources of an organization are used in an efficient manner and bring in success effectively. It is a process, which involves the combination of planning, deciding, arranging, managing, leading, and controlling the operations to achieve maximum efficiency and a favourable environment for growth to thrive. Managers apply different methods, tools, and procedures to plan, organize, control, and take correct actions in response to the market conditions that are, usually, changing. Work that is managed well involves fluent communication, devolution of tasks, problem-solving, and development of an amiable work environment