Darin Pastor, a highly trained financial executive, serves as the principal and CEO of Capstone Financial Group, Inc. Known for his exceptional leadership skills, Darin Pastor was ranked as a top managing director in his previous role at Prudential.
Every day business leaders and managers are responsible for making often difficult decisions. For this reason, it can be helpful for them to have a guiding philosophy or framework. Below are several leadership styles that are effective in business:
– Transformational: A motivational style of leadership, transformational leaders rely heavily on effective communication with their staff. They are guided by their vision for the company and routinely keep an eye on the future to ensure they guide workers properly. Transformational leaders who misuse their power may damage a company and discourage workers.
– Servant: Although this style of leadership isn’t ideal for leaders who have to make quick decisions, it often brings about the highest level of worker satisfaction. This happens because servant leaders focus on making sure their team members are heard and cared for.
– Democratic: By drawing on the skills and knowledge of their team, democratic, or participative, leaders encourage employee involvement in decision-making. However, they still focus on fast decision-making and are ultimately the person responsible for making the final call. Through democratic leadership, employees feel more involved in their company.
– Autocratic: This leadership style prioritizes quick decision-making over all else. Employees are not consulted by autocratic leaders before a decision is made, and this often leaves them feeling dissatisfied with their working environment.