Charismatic leadership has become a popular topic in organisational research in the last few decades. This paper discusses the qualities of great charismatic leaders, and specifically examines the characteristics of such leaders. There are various leadership styles, which may be dictated by the management culture as well as the needs of the organisation or venture .The purpose of this article is to consider the concepts of charisma and leadership, and explain the charismatic leadership process and the attributes that a charismatic leader possesses. This review paper also tries to find out various effects of charismatic leadership on the organisation. The paper also aims to look at the implications of the “dark side” of charismatic leadership, that is, a “villain” charismatic leader concept rather than focusing only on the “heroic” capabilities often studied in leadership research.