Leadership styles refer to the various approaches that leaders use to guide, motivate, and manage their teams. Common styles include Transformational Leadership, where leaders inspire and encourage innovation, and Servant Leadership, which focuses on serving the needs of team members to foster a supportive environment. Understanding different leadership styles is crucial for effective management. Each style has its strengths and weaknesses, and the best leaders often adapt their approach based on the situation and the needs of their team. By recognizing these styles, organizations can cultivate better leaders and improve overall performance.