In the current business environment filled with
uncertainties and complexities, leadership is more
important than ever. Many institutes include core
fundamentals of leadership in their curriculum – to
increase inquisitively about the subject and lay a strong
foundation for future leaders. However, the business
milieu’s unpredictability has emphasized the importance
of adopting a leadership theory that can stand the test of
time. Therefore, newcomers and experienced leaders
must be akin to different leadership theories and choose
one that matches their leadership style.
We will explore different leadership theories that will help
managers stay relevant in the current business
environment. These theories are versatile and can be
adapted by leaders of any leadership style.
Leadership Theories to Stay Relevant
Post-pandemic, managers have changed their leadership
style. These changes have helped them keep their
business afloat in these challenging times. Here we will
discuss leadership theories that have reaped benefits for
managers in the current business environment. But,
before that, let’s understand the meaning of leadership
theories.
,What Is the Meaning of Leadership Theories?
Leadership theories are well-researched assumptions
about the psyche of a particular type of leader. Theorists
have formulated a plethora of leadership theories to
define different leadership styles. In addition, they have
conducted behaviour analysis and referred to different
literature to develop the pre-existing leadership theories
that stand in alignment with leadership definition. Below
are the five leadership theories that every manager must
excel in 2022.
Five Leadership Theories for Managers
1. Contingency theory of leadership
Often called the situational leadership theory, it is one of
the versatile leadership theories that suggest that
different leadership styles suit different situations. In
these types of leadership theories, leaders must adapt
their leadership style depending on their situation, which
increases innovation and effectiveness.
, The leadership theory helps leaders become versatile and
adapt to different situations easily. It makes their
transition from one phase to another easy and also gives
them the skills and knowledge required to tackle difficult
situations.
2. Transformational theory of leadership
The transformational theory emphasizes leaders that
share a good relationship with their team members.
Transformational leaders greatly influence their teams
and focus on achieving business goals through influence
and inspiration. They also ensure that the team’s goals
are aligned with the business’s objective to avoid issues.
In the current business environment, transactional
leadership theory can be used to pursue a positive
change in the organization. It can also help develop a
strong bond between the leaders and their teams.
3. Transactional leadership theory
This type of leadership theory has a basic framework that
revolves around reward and punishment. So, whenever a
team member achieves the target set out by the leader,
they are rewarded, and vice-versa. Generally,
transactional leadership theory focuses on achieving the
business goal. In this theory, the manager and employee
do not share a bond or connection.
4. Great man leadership theory
There are some traits that all great leaders have, and this
type of leadership theory asserts that great leaders are
born with these traits. It is one of the first leadership
theories that has stood the test of time and is gaining
uncertainties and complexities, leadership is more
important than ever. Many institutes include core
fundamentals of leadership in their curriculum – to
increase inquisitively about the subject and lay a strong
foundation for future leaders. However, the business
milieu’s unpredictability has emphasized the importance
of adopting a leadership theory that can stand the test of
time. Therefore, newcomers and experienced leaders
must be akin to different leadership theories and choose
one that matches their leadership style.
We will explore different leadership theories that will help
managers stay relevant in the current business
environment. These theories are versatile and can be
adapted by leaders of any leadership style.
Leadership Theories to Stay Relevant
Post-pandemic, managers have changed their leadership
style. These changes have helped them keep their
business afloat in these challenging times. Here we will
discuss leadership theories that have reaped benefits for
managers in the current business environment. But,
before that, let’s understand the meaning of leadership
theories.
,What Is the Meaning of Leadership Theories?
Leadership theories are well-researched assumptions
about the psyche of a particular type of leader. Theorists
have formulated a plethora of leadership theories to
define different leadership styles. In addition, they have
conducted behaviour analysis and referred to different
literature to develop the pre-existing leadership theories
that stand in alignment with leadership definition. Below
are the five leadership theories that every manager must
excel in 2022.
Five Leadership Theories for Managers
1. Contingency theory of leadership
Often called the situational leadership theory, it is one of
the versatile leadership theories that suggest that
different leadership styles suit different situations. In
these types of leadership theories, leaders must adapt
their leadership style depending on their situation, which
increases innovation and effectiveness.
, The leadership theory helps leaders become versatile and
adapt to different situations easily. It makes their
transition from one phase to another easy and also gives
them the skills and knowledge required to tackle difficult
situations.
2. Transformational theory of leadership
The transformational theory emphasizes leaders that
share a good relationship with their team members.
Transformational leaders greatly influence their teams
and focus on achieving business goals through influence
and inspiration. They also ensure that the team’s goals
are aligned with the business’s objective to avoid issues.
In the current business environment, transactional
leadership theory can be used to pursue a positive
change in the organization. It can also help develop a
strong bond between the leaders and their teams.
3. Transactional leadership theory
This type of leadership theory has a basic framework that
revolves around reward and punishment. So, whenever a
team member achieves the target set out by the leader,
they are rewarded, and vice-versa. Generally,
transactional leadership theory focuses on achieving the
business goal. In this theory, the manager and employee
do not share a bond or connection.
4. Great man leadership theory
There are some traits that all great leaders have, and this
type of leadership theory asserts that great leaders are
born with these traits. It is one of the first leadership
theories that has stood the test of time and is gaining
