The authors of this thesis applied systematic literature review gathered from the available literature to analyze and understand the most suitable management style for globally present technological, research and development organizations. The summarized results which were achieved from systematic analysis of available literature in the subject of leadership styles suitable for research and development companies suggested that, there are three main leadership types that are frequently named and discussed in the available literature, i.e. innovative, transformational and transactional. Based on these reports’ conclusions, the transformational leadership style is the most suggested leadership style for managing technological organizations. The transformational leadership style results in getting higher organizational performance, motivating employees and creating knowledge. It is the most wanted leadership style for creating knowledge. The transformational leaders are equally valuable in the subject of knowledge transfer in comparison to transactional leaders. Furthermore, the authors analyzed if the leadership styles mentioned in this thesis is enough to be able to successfully manage a global team. To be able to answer on this question a cultural analysis was performed by using the Hofstede method as a basis where possible correlations between this method and a transformational leader’s main characteristics were identified.