The type of leader you are has a significant impact on the success of your team. A strong leader is likely to inspire loyalty, hard work, and high levels of morale, whereas a poor leader can result in frequent turnover, loss of productivity, and unmotivated employees.
There are many steps you can take to make sure you’re in the former category. One of the actions you can take today is to understand and implement the types of management styles that will inspire your team to do their best work.
Company leaders and managers interact with their employees in a variety of ways – from collaborating on projects to providing feedback. So it shouldn’t be surprising to learn that leaders also have a lot of influence on how employees feel about their jobs. In fact, a study found that nearly half of employees said they’ve quit a job because of a bad manager.
If you take a closer look at the situation, you can find several direct correlations between the quality of a manager and important factors like employee engagement, retention, and happiness. That’s why mastering the most effective management styles is one of the key components to nurturing and growing a successful team.
1. Visionary Management Style
The visionary leader excels at articulating a high-level, strategic direction for the company and mobilizing the team towards this goal. In other words, the visionary leader is the person who provides a roadmap for the company, and the employees are the ones who use this map as a guide to pave the path forward.
However, this doesn’t mean that the visionary management style encourages authoritarian decision making. Even though it’s the leader who ultimately decides on the direction of the company, this vision is shaped based on what’s best for both the organization and its employees. That’s why visionary leaders need to be open minded – this allows them to absorb feedback from employees and make changes when obstacles arise.
One of the benefits of this type of management style is that it inspires trust between the leader and the employees. Visionary leaders rely on their teams to get the work done and, as a result, employees have more autonomy over their day-to-day roles. This is a productive way to build a strong relationship with your employees, especially since 39% of workers said being a micromanager was the worst trait a boss could have.
Another benefit is that this management style is extremely flexible. One of the great things about a vision is that there’s more than one “right” way to reach it, which gives companies the ability to test out different paths and methods.
The characteristics needed to master this management style include:
- High emotional intelligence
- Flexibility when obstacles come up
- Being open-minded to feedback
- The ability to inspire, motivate and mobilize groups
- Strategic and long-term thinking skills
What the Visionary Management Style looks like in action:
A startup is launching a new product. The CEO sits down with her leadership team and, together, they come up with a high-level strategy for the release. She hosts an all-hands meeting to share the vision with the whole company and have a discussion around it. From there, she empowers her staff to come up with next steps.
The CEO is available to provide guidance along the way and checks in with team leads regularly to make sure everything is headed in the right direction, but doesn’t get involved in the day-to-day activities.