ENTREPRENEURSHIP

Detailed explanation-1: -Laissez-faire leadership, also known as delegative leadership, is a type of leadership style in which leaders are hands-off and allow group members to make the decisions. Researchers have found that this is generally the leadership style that leads to the lowest productivity among group members.

Detailed explanation-2: -Laissez-faire leaders are comfortable delegating tasks, hence why it’s also called the delegative leadership style. These leaders also don’t mind if mistakes are made by their team throughout the process of completing a task, but are still held accountable for the group’s mistakes and successes.

Detailed explanation-3: -Instead laissez-faire leaders let their employees use their creativity, resources, and experience to help them meet their goals. This kind of leadership is very hands-off-managers trust their employees and are confident in their abilities.

Detailed explanation-4: -Delegative leadership, referred to by many as laissez-faire leadership, is a less intrusive style where a leader delegates tasks and initiatives to individual team members. Delegative leadership is considered less intrusive because it gives more control and power to the team.

Detailed explanation-5: -Laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention. The theory of laissez-faire was developed by the French Physiocrats during the 18th century. Laissez-faire advocates that economic success is inhibited when governments are involved in business and markets.