Management styles refer to the various approaches that leaders use to guide and motivate their teams. Common styles include autocratic, where a single leader makes decisions without input; democratic, which encourages team participation in decision-making; and laissez-faire, where leaders take a hands-off approach, allowing employees to work independently. Each style has its advantages and disadvantages, depending on the situation and team dynamics. Understanding different management styles can help organizations improve productivity and employee satisfaction. For instance, transformational leaders inspire and motivate their teams through a shared vision, while transactional leaders focus on structure and rewards for performance. Adapting the right style to the context can lead to better outcomes.