Many people strive for success nowadays. Everybody wants to be a winner, to be successful and to be rich. Therefore, people are in constant search of the key of achieving success. Some of them try to find a well-paid job and be successfully employed while others believe that they can start their own business and become employers to other people. Despite the positions, both employers and employees face the problem of effective working process. Contemporary top leading companies solve that problem by applying specific business strategies.

Leadership style denotes the actions and behaviors exhibited by leaders in order to attain desired outcomes. In some instances, the leadership style adopted...