As the paper outlines, leadership style depends on the strategies adopted by a manager to ensure that organizational objectives are met. Leadership styles vary with every individual according to their personal traits, preferences and their values, attitudes, and beliefs. It also depends on the situation a manager is subjected to at a certain point of time. Managerial styles of leadership vary with the work culture of an organization. A target–driven organization and an organization performing routine tasks would not require a similar type of leadership skills. Leadership styles depend on an individual’s personal characteristics and his/her perception. It is also largely affected by his/her personal life status. It was argued in the past that leaders were born and could not be made but with changing business scenario and organizational framework, this idea has undergone a sea change. Organizations now believe that leaders can be made. It depends on the situational forces to shape a leader out of an individual. It has not been possible to pinpoint an exact leadership style that should be followed to maximize outcomes as the most suitable leadership style for a particular organization depends on its culture, values, ethics and the nature of work carried out. Autocratic Style is one of the classical forms of leadership style. In this type of leadership, subordinates have a narrow option of venting their feelings or suggestions to the leader. This type of leadership style exists in organizations which are very formal and have a strong chain of command. The mode of decision making in these organizations follow a top-down approach and it has a strict chain of hierarchy. This type of leadership style is found in organizations which are pyramidical in structure with absolutely no flexibility provided to the employees with regards to work processes or employee norms.