July 12, 2024

Styles Of Leadership

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3 Leadership Styles Of Highly Effective Leaders In 2024

3 min read

Leadership is more than issuing directives and enforcing your authority and control. Today’s organizations need leaders who are emotionally intelligent, empathetic, adaptable, resilient, and put their people first.

Therefore, to face the challenges posed by the modern workforce, leaders will need to possess and understand a diverse range of leadership styles, so they can continue to motivate, inspire, and empower their teams to be high-performers and compete effectively within their industry, regardless of the circumstances.

Forbes3 Ways To Easily Identify Your Leadership Style

Scholars have written on, and researched, numerous leadership styles. But there are five styles, at the least, that aspiring leaders should aim to master and have in their toolkit in 2024:

1. Transformational Leadership Style

Langston University defines transformational leadership as a leadership approach that results in positive change within individuals, with the end goal of developing followers into leaders. Their research states that through a transformational leadership style, your team members’ will have a sense of identity to the overall mission of the organization.

Some key traits of this approach include “being a role model for followers; challenging followers to take greater ownership for their work, and understanding the strengths and weaknesses of followers, so the leader can align followers with tasks that optimize their performance.”

In more simple terms, Simply Psychology states that transformational leaders begin by identifying individual strengths and weaknesses of their team members, and then, guiding team members towards a common goal in which all play an active part. This fosters a sense of unity within teams and helps to retain engagement.

2. Adaptive Leadership Style

Adaptive leadership is where a manager or leader questions the status quo, embraces change, grows themselves and their organization through ongoing adaptation, learning, and experimentation, and creates an environment in which people feel empowered to take risks and learn from their own mistakes. All these qualities can perhaps be summed up in two words: growth mindset.

A good example of where adaptive leadership would come into play is if you were a project or product manager, for instance, and halfway through development, a significant shift occurs in the market, rendering the project or product ineffective or outdated. You would then need to assess the situation from various sources, obtain feedback and seek input from team members, create a safe space for your team to share their ideas, and provide support and encouragement while testing and adapting your project’s approach. All the while, you would need to reiterate to your team that it’s OK to make mistakes, and implement mechanisms for lessons to be learned through failures.

3. Inclusive Leadership Style

This is perhaps one of the most important styles a leader or manager needs in 2024. More socially conscious Gen Z professionals are entering the workforce, and within a few years, will constitute the majority of the global workforce. They’ve made it clear that diversity and inclusion are their key priorities when considering a new employer, according to Deloitte research.

Additionally, remote and hybrid work means that you will likely be managing (directly or indirectly) employees from around the globe, with varying backgrounds and cultures. Inclusive leadership entails creating an environment in which all team members are respected and valued, have a sense of belonging, and that they are all equally given the resources and opportunities to excel in their role.

To adopt inclusive leadership, seek to build empathy, facilitate various learning styles and preferences, and establish rapport. You also need to commit to recognizing bias when it occurs and being culturally intelligent, so you can develop stronger working relationships with your employees.

Effective leaders in 2024 will stand out, not because they know how to show off their titles or power, but because they know the secrets to effectively engaging every employee under their supervision, and understand how to use their leadership style to pull the best out of each, enabling them to achieve their full potential.

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