BUSINESS MANAGEMENT STYLE
Coaching and Development Management
Managers act as employee coaches and trainers in order to achieve the best results for their company. This method is time intensive for the managers but helps create a good bond between workers and management, raising morale and reducing workplace stress.
Individuals and groups within the organization compete against one another to see who can achieve the best results, thus raising the overall management results of the company. This method is most effective in manufacturing and sales industries.
Managers utilize systems to allow for the individual input of employees then utilize that information to base management decisions. This style also helps employee morale as they are more involved and aid management by taking advantage of the practical knowledge of the people actually performing the day-to-day tasks.
Not really a style; but a lack of style. Managers have to deal with crises as they occur leaving little time to truly manage their companies. This style is very inefficient and often leads to more crises as the shift of resources to one crisis reduces resources available for other projects and pushes them into a crisis situation.
Decision Model Management
Decisions are based on models (projections) created by simulated situations. Resources and personnel are then directed in a manner calculated to follow the model in real life.
Managers delegate as much responsibility and activity as possible and become involved only when necessary. This style promotes employee responsibility as the manager follows up on task completion and takes remedial action where tasks are not accomplished.
Goal Oriented Management
The organization sets overall objectives and goals, then managers set objectives and goals for each employee in order to achieve the overall objectives and goals of the company. This style works well as long as goals are realistic. Employee morale is boosted when goals are met but can be damaged if unrealistic goals are set and then not achieved.
Information Systems Management
Managers utilize data generated within the company to help them increase efficiency and profits. This method is best used in conjunction with another style such as Goal Oriented Management or Competitive Management.
Managers study charted variables to discern their interrelatedness, probable cause and effect, available options and possible improvements, then make their decisions based on the data. Again, this method is best suited as a complement to one of the other styles.
Observation Management (also known as "Walking Around And Listening)
Managers walk around the company observing (and interacting with) the people and the operations. Managers then get a feel for what is happening within the company and make decisions based on their findings. This style is useful as it helps management keep informed on the day-to-day activities and keeps relations with the employees from becoming impersonal.
Organizational Development Management
Managers constantly seek to improve employee relations, communications and efficiency in order to achieve the best results for the company. It is a fact, happy employees are more productive, by accomplishing the company objectives in a manner that also fulfills employees’ needs, the company’s success is shared by all.
Managers constantly seek higher levels of employee and systems performance through motivation, improved employee relations and technology.
Managers constantly seek ways to simplify systems and processes as well as reduce expenses in order to achieve the best results for the company.
Managers adjust their approaches to meet situational needs as they arise in order to raise the overall performance of the company. This method is really only suited to the short term and should be used as an adjunct to one of the more "durable" styles.
Total Quality Management
Managers constantly seek ways to improve the quality of all their company’s functions (from answering the phones to research & development), thus creating a higher level of customer satisfaction and increased sales.
Business Unit Management
Not really a distinct style, rather it is a combination of styles. Large companies use different styles for their business units (segments) in order to achieve the best overall results for the company. This style is necessary, as the managers directing the tasks are familiar with the people and procedures in the unit and can adjust the methods used to suit each unique group in order to achieve the overall goals of the company
The decision to adopt a management style is more important than the decision of which one to choose. Choose the one that is the easiest for you to develop into your own personal style. These styles may be combined in order to fit your own circumstances and personality.