As a Manager, understanding and being able to define your “style of leadership” is very important. According to Goleman, there are 6 leadership styles as follows:
- The pacesetting leader expects and models excellence and self-direction
- The authoritative leader mobilizes the team toward a common vision and focuses on end goals, leaving the means up to each individual. If this style were summed up in one phrase, it would be “Come with me.”
- The affiliative leader works to create emotional bonds that bring a feeling of bonding and belonging to the organization. If this style were summed up in one phrase, it would be “People come first.”
- The coaching leader develops people for the future. If this style were summed up in one phrase, it would be “Try this.”
- The coercive leader demands immediate compliance. If this style were summed up in one phrase, it would be “Do what I tell you”
- The democratic leader builds consensus through participation. If this style were summed up in one phrase, it would be “What do you think?”
Clearly most leaders have a mix of the above styles and over the “lost economic decade” leaders have had to make tough calls adapting their leadership styles to the challenges facing the organization and the requirements of the people involved.
None more so than Richie Bouchier who after the 14 years with Bank of Ireland (8 years at the helm) is getting ready to step down – no fanfare required! Great leadership can be hard to come by and Richie seems to have the right mix of all the above – expects and gets results but in a grounded, unassuming and very real manner. Pace-setting and authoritative comes to mind!
According to Ciaran Hancock of the Irish Times “Boucher’s self-effacement is genuine. There is no desire for accolades and he doesn’t worry about what people think of him. He accepted one of the toughest jobs in Ireland in February 2009 and worked his arse off to save the bank and repay its €4.7 billion taxpayer bailout. In public, he might come across as gruff and blunt. In private, he’s a warm individual, with a ripe sense of humour”
Good man Richie, definitely earned your pints in Byrne’s “of a Thursday night!”
Can you define your leadership style and does it suit the industry and job that you are working in? Let me know your thoughts!