Introduction to Management Course work

“Management styles” has to be taken into account when running a good business, this is the way for managers go about running corporate bank and defines the inputs employees have in the business. However, one coin has pros and cons, different management styles have different potential influences. If the managers use unsuitable or inappropriate styles for the task at hand, there would be some financial implications to the corporate bank. For making it clear, the start of the essay will be about the definition of “management style”. After that, it will be the potential benefits for encouraging corporate bank managers to use different “management styles” for work and interacting with workers and the potential effects of “management styles” have on the attitudes and behavior of the workers.

First of all, managers have to perform many roles in corporate bank and how they handle various situations will depend on their style of management. A management style is an overall method of leadership used by managers. There are three sharply contrasting styles which are:

Autocratic
Paternalistic
Democratic.

Each style has its own characteristics,

Autocratic: Managers like to make all the important decisions and closely supervise and control workers. Managers do not trust workers and simply give orders (one-way communication) that they expect to be obeyed. However, it can be effective in certain situations. For example:
When quick decisions are needed in a company (e.g. in a time of crises)
When controlling large numbers of low skilled workers.
Paternalistic: Managers give more attention to the social needs and views of their workers. Managers are interested in how happy workers feel and in many ways they act. They consult employees over issues and listen to their feedback or opinions. The manager will however make the actual decisions (in the best interests of the workers) as they believe the staff still need direction and in this way it is still somewhat of