The management style of a company can dictate the success of the company. Historically, a strong and effective management usually leads to a high level of productivity among employees. The types of management styles can also play an important role in conflict resolution.
What exactly is a management style?
By definition, a management style is a leadership method that manager uses in running a company or organisation. For example, how the decision making process is done or how the employees are being treated. Each style has its own set of characteristics, positives, negatives and how tasks are done. These are the many management styles in business.
Democratic Management Style
In democratic management style, the manager usually delegates power to the subordinates and leave the decision making process to themselves. It is of the highest importance that those given the responsibility are those who are efficient in executing the tasks. This business leadership style is most suitable and effective in a situation where the manager wants to teach employees the process of decision making.
Autocratic Management Style
In autocratic leadership style, manager is fully responsible for making the decisions. Hence, other employees are left out in the decision making process. This is most effective in a condition where prompt decision is required to be taken. This leadership style however, can easily demotivate employees and dampen their productivity level.
Participative Management Style
In participative management style, the manager gives his staff and subordinates the chance to be involved in the decision making process. Believed as one of the best methods to boost the motivation of employees, this style will make employees feel valued by the management. While there’s a sense of collective decision, do notethat the manager will have the final say on the decision.
Laissez-faire Management Style
The laissez-faire management style is similar to the democratic management one. In this style, however, the manager lets staff completely do the tasks. While some argue that the manager is acting irresponsibly, the laissez-faire is one of the best conflict management styles, as the manager is not seen as being partial on one side.
Choosing the Best Style
The above explanation should hopefully provide you with a general insight on some popular management styles in business. Ultimately, the best management style is one that can get the job done effectively. A leader is expected to adopt roles, rules and concepts according to the situation and condition of the company, as well as the skills and mindset of the employees.
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Training in Business