Traditionally, the term "management" refers to the activities (and often the group of people) involved in the four general functions: planning, organizing, leading and coordinating of resourcees. Note that the four functiions recur throughout the organization and are highly integrated. Emerging trends in management include assertiions that leading is different than managing, and that the nature of how the four functions is carried out must change to accommodate a "new paradigm" in management. This topic in the library helps the reader to accomplish a broad understanding of management (including traditional and emerging views), and the areas of knowledge and skills required to carry out the major functions of management.
1.1 Different management styles:
The different types of management styles can be the key to your business's success or failure. Let's face it, when we start a business we may start out with just a hand full of trusted business partners who can somewhat agree on the mission statement. At some point you will have to hire employees. Employees can be interesting people; you have to get them to grab hold of your vision so that they are on the same track as the business. How we manage these people can make or break our business at critical growth moments. As a business the main goal as a whole should be to gain a profit. Profit = growth+people. The management style that you choose can establish whether it runs evenly across the board or spirals out of control. There are four major types of management styles including autocratic, paternalistic, and democratic and Laissez- faire. Now, before we get into these much farther it is important to figure out whom you are, find your personality, what kind of leader are you? Are you a 'What I say goes" or a 'Let it be' or maybe a 'what do you think?' The type of management style you choose will be based largely on you as a person. Find a friend, spouse, or co-worker and ask them what kind of leader they think you are, or find a personality test. Your personality, the type of business you operate and the employees that help you operate it will usually determine which is best for you.
1 Autocratic style of management:
This type of management style allows businesses to keep a blueprint if you will, in how the company operates. This is because the foundation of an autocratic style of management comes from the idea of a country that is run by a king or dictator. If you haven't guessed you can run this type of management style the best if your employees are followers and don't normally form their own thoughts or ideas. They pretty much run the business like they are supposed to because it is the blueprint that they were given for success. The leader of a business that prefers an autocratic style of managing, most likely enjoys the feeling of authority this style brings. Of course just like a King, or Dictator, this management style allows the person to make final decisions about the business without the employees having any input but normally bases the decision with the employees in mind and what he or she feels is best for them. With some businesses this works, for example Papa John's wants their employees to make their pizza exactly as specify. For one, this provides continuity, so you know no matter where you go in the world; Papa John's pizza will have that same quality taste.
2. Paternalistic management style:
In a nutshell this management style tells the people what is best for them. This may sound the same as the autocratic style, but with the Paternalistic style of management, the business leaders are looking for the input of their employees. The business leader will make the final decision but not without careful consideration of the feedback. This gives the employees the opportunity to voice their opinions and ideas. This also allows for more awareness of the employee’s needs, as people rather than just plain business.
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