Management Style

What Is Management Style?

The management styles pertain to all the leadership approaches and methods directors implement to guide and motivate their teams to accomplish organizational objectives. These styles can be from autocracy, where leaders make decisions independently with minor consent from other team members to democracy, where those decisions are made together after open communication and consensus-building. Other styles include management by objectives, where leaders define the goals and allow employees considerable autonomy, and transformational management, where leaders inspire their team to go beyond expectations and find new solutions. Every management style has pros and cons, which is why the most competent managers take up an adaptable approach depending on circumstances, team dynamics, and the organization's peculiarities. By understanding and utilizing different management styles, leaders will create good workplaces, employees will stay engaged, and the company will be successful in the long run.

Example

In an intensely fast-moving startup environment, Sarah, the CEO, takes on a transformational management style. She instills confidence in her team by articulating an ambitious vision and entrusting them with the helm of projects. Sarah encourages innovation and teamwork among team members through regular communication and supervision sessions. She is always ready to listen to ideas from team members and take calculated risks. This strategy unwittingly creates a conducive environment for the best performance of employees and, at the same time, instills a sense of belonging and purpose within the organization. Consequently, the firm gains a reputation for its prowess, attracts the best talent and becomes a market leader. Sarah's transformational leadership style demonstrates that employee empowerment and inspiration to succeed in turbulent competitive markets can drive success.