Source | www.entrepreneur.com | Jake Croman
In any industry, leadership means changing with the times. From the production era to the relationship era, leaders have transitioned the way we work according to modern inventions and social trends.
The disruption of new technologies often signals the need to adapt to new approaches; improved ways of living, playing, working and leading. Emerging innovations like AI and big data accelerate the way we understand our world and evolve within our professional lives. Naturally, leadership styles will change for the modern day entrepreneur.
While the digital sphere can improve workers’ autonomy in the workplace, entrepreneurs will also need to reassess their leadership styles to spearhead successful business strategies and create work cultures that sustain scalable companies.
According to researchers at the University of Pennsylvania, four types of leadership styles can help entrepreneurs fully harness the digital landscape that has reshaped business models and behaviors for the better. For context, let’s first understand why new leadership is needed in today’s digital environment: