When you go through a technical product manager job description or any product manager description, for that matter, leadership features at the top of the “wanted” skills. It becomes clear that the coveted position of a product manager calls for leadership abilities as a product manager will be in leading various teams to reach the collective goal.
However, the concept of leadership is not linear. Given the subjectivity of this quality, it may vary from person to person. As a result
When you sign up for product management courses, you will also have the opportunity to work on your soft skills and the theoretical aspect of product management. So while it is crucial to possess the strategizing skills, it is equally important to know the kind of leadership that will fit into the work environment.
Here are a few common leadership styles that product managers adopt:
The purpose of democratic leadership is simple – to distribute responsibilities, empower team members, and facilitate team decision-making processes.
As we can see from above, democratic leadership follows a collaborative approach. When every member of the team is involved in the product development process, there will be higher responsibility and ownership.
Further, the diversified opinions add to the knowledge base and bring fresh ideas in the process. Hence, product managers must adopt democratic leadership for product decisions revolving around the generation and evaluation of new ideas and a strong buy-in.
With the above in mind, democratic leadership offers the following advantages:
While at the surface, it may appear that democratic leadership “has it all” it also has its fair share of pitfalls, which you can see below:
The concept of democratic leadership is not new. In fact, several well-known corporations have made their way to success due to a mixed leadership approach, where democratic leadership forms the backbone. The nature of leadership changes over time and also depends on the area of operation.
Some of the major companies where product managers follow democratic leadership include:
The role of a product manager is critical to the growth of a company. Since it requires the product manager to lead the troops into war, choosing the right leadership style could be the strategy for a win. Typically, the democratic leadership strategy appears to be the best way to ensure that the product reaches completion.