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variety of Leadership Styles are reviewed (see instructions). Review these styles and identify which one you feel you would like to embody as the owner/manager of a small business. Why do you think this would be work best for you? What are the pros and cons of this style? post should be 3 to 4 short paragraphs that reflect research, course content synthesis and reflection.

Date Posted: 07/04/2020
Category: Business
Due Date: 07/04/2020
Instruction
Incorporate what you learned from Lesson 6 as well as the related readings from your textbooks including: Chapter 7 (http://open.lib.umn.edu/exploringbusiness/part/chapter-7-recruiting-motivating-and-keeping-quality-employees/) and Chapter 8 (http://open.lib.umn.edu/exploringbusiness/part/chapter-8-teamwork-and-communications/) in Exploring Business; and Chapter 12 (https://saylordotorg.github.io/text_small-business-management-in-the-21st-century/s16-people-and-organization.html) in Small Business Management in the 21st Century. From Lesson 6: Effective entrepreneurial leaders can motivate and inspire. They can create a community from a disparate group of strangers. Success of the venture depends largely on whether leadership can develop a vision and convince internal stakeholders to adhere to this vision. Employee buy-in is necessary and effective entrepreneurial managers can develop this by making sure every employee has a clear understanding of their role in the business. The effect entrepreneurial leadership has on their employees can be significant, especially for a small business. Effective leaders know this and employ various managerial styles to achieve the best effect on personnel. The following six leadership styles were determined by a study of over 4,000 managers (Murray 2010). Visionary leaders motivate employees to work for a vision. Coaching leaders foster a relationship with employees based on trust. Affiliative leaders create harmony within the organization based on emotional bonds. Democratic leaders develop buy-in through participation. Pacesetting leaders set challenging goals and expect excellence. Commanding leaders demand immediate compliance. Murray, Alan. The Wall Street Journal Essential Guide to Management: Lasting Lessons from the Best Leadership Minds of Our Time. New York: Harper Business, 2010.
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