BUSINESS ADMINISTRATION: "A DETAILED EXAMINATION OF LEADERSHIP STYLES AND THEIR INFLUENCE ON THE GROWTH AND SUCCESS OF START-UPS"

Author:
Ahmed Raji, Chibuike Daraojimba, Casandra Okogwu, Mercy Odochi Agho, Blessed Afeyokalo Egbokhaebho, Kelechi Chidiebere Ihemer eze

Doi: 10.26480/ccsj.02.2023.78.87

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

This paper provides a comprehensive review of leadership styles within the context of start-ups, exploring their effects on growth, innovation, and overall success. By carefully observing the delineation of leadership styles, including transformational, transactional, charismatic, situational, and laissez-faire, the review illuminates the unique attributes and implications each style holds for burgeoning businesses. Transformational leadership emerges as a crucial driver for innovation, emphasizing vision and collective drive. In contrast, transactional leadership offers operational efficiency but may risk long-term adaptability. Charismatic leaders, with their compelling personas, drive rapid growth, but centralization can pose challenges. With its inherent adaptability, situational leadership proves invaluable in the volatile start-up landscape, and laissez-faire leadership, promoting autonomy, demands careful balance to prevent directionlessness. The intricate relationship between leadership styles and business growth is explored in depth, underscoring that while leadership is a pivotal determinant, its efficacy intertwines with numerous variables, from market dynamics to team composition. One standout realization is the profound synergy between leadership and innovation, a lifeline for differentiation in the competitive start-up arena. Leadership’s role is thus not confined to mere administration; it shapes organizational culture, guiding innovation and strategic direction. The review emphasizes that effective start-up leadership is multifaceted, requiring foresight, adaptability, and a visionary outlook. As the entrepreneurial world continues to evolve, understanding and harnessing the nuances of leadership styles remains critical for sustained growth and success.

Pages 78-87
Year 2023
Issue 2
Volume 4