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www.gyaniversity.com168Managerial Processes-IIDefinition: Leaders involve team members in decisionmaking. Effectiveness: Encourages creativity and problemsolving. Advantages: Improves satisfaction and morale. Disadvantages: Timeconsuming decisionmaking process. Laissezfaire Leadership (Delegative)Definition: Leaders provide little direction, granting employees maximum freedom. Effectiveness: Works well with skilled and motivated teams. Advantages: Encourages autonomy and innovation. Disadvantages: Can lead to poor production if not managed. Transformational LeadershipDefinition: Leaders inspire and motivate employees to achieve extraordinary outcomes. Effectiveness: Fosters high morale and engagement. Advantages: Drives change and innovation. Transactional LeadershipDefinition: Focuses on routine activities, using rewards and punishments. Effectiveness: Best for standardized tasks. Advantages: Quick results. Disadvantages: Inhibits creativity. Situational LeadershipDefinition: Leaders adjust their style based on the situation. Effectiveness: Requires skill in assessing follower maturity. Advantages: Aligns leader behavior with follower readiness. Factors Influencing Leadership Style Choice Nature of the Task: Complexity and urgency of tasks can dictate style. Leader Preferences: Personal style and comfort level influence choice. Workforce Characteristics: Skills, motivation, and experience of employees. Organizational Culture: Norms and values within the organization. Specific Requirements: Unique situations may require tailored approaches. Impact of Leadership StylesEffective Leadership: Results in higher productivity, better satisfaction, and increased profitability.