Many people imagine leadership as a static state of being. To the contrary, leadership is fluid – full of ever-­changing variety. For the success of your business, it’s important to recognize that leadership is both an art and a science. It takes natural talent and creativity as well as a planned formula and execution.

That’s why there is no “right” way to be a leader. In fact, there are many forms of leadership, all of which serve their rightful place in each work environment. By acknowledging and understanding these forms of leadership, you can utilize them to better benefit your business.

Below are 3 of the most useful forms of leadership:

1. Transactional leadership One of the most common forms of business leadership, transactional leadership is defined by the use of “rewards” and “punishments.” Employees make a transaction of work for consequence. You’re probably already familiar with this style, sometimes called “the carrot and the stick”, it’s what many think drives promotions and demotions.

2. Transformational leadership A goal­driven style, transformational leadership is teamwork­centric – aiming to achieve success through collaboration and shared visions of company growth. In this form, leaders will come up with goals for the workforce to strive toward. Motivational workshops and interactive employee meetings are also utilized by leaders of this style.

3. Servant leadership For some businesses, this empathetic form of leadership must typically be modified to include stricter authority. However, in its purest form, it represents leading through serving. Basically, as a business owner, you work as much as the employees – capturing authority through employee enrichment and community actions.

Of course, there are many other forms of leadership – good and bad – however, the ones provided in this list can be utilized by you to better benefit your business. Staying informed means that you can make intelligent decisions while in authority. Take the time to research leadership strategies, and watch your company soar with the help of engaged employees.