7 Effective Management Styles Which You Should Adopt for Your Organization
The role of a manager in an organization has evolved over time. In the past, they were viewed by the employees as an indispensable part of the organization. Today, their value seems to have eroded. A wrong management style can ruin their position and even put them under termination. Though it is true that different projects, teams, tasks, and businesses need different management styles, knowing the right style is crucial for successful project management. Moreover, there are loads of project management application available today, which can help the managers out there only when they choose the right management style initially.
If you are interested to know the various management styles, here you go! In this article, we will explain the 7 effective management styles which you should adopt for your organization.
1. Authoritarian Management Style: This management style is also called autocratic or directive management style. It follows managing through clear direction and control. The managers following this management style can be called authoritarian managers, who assert strong authority and have total control over the obedience of their employees.
2. Visionary Management Style: This is similar to the authoritarian management style but has a slight difference. This style of management doesn’t involve day-to-day authoritarian leadership but only focus on conveying the overall vision of the company, department, or project to the team. Motivation and alignment of the team are the two keys to success in this type of management.
3. Transactional Management Style: Focusing on production, this management style involves positive rewards such as incentives, bonuses, and stock options to keep the employees motivated. To improve the quantity and quality of production, the managers following transactional management rely on piece-work pay. They strongly believe that employee performance improves with extrinsic rewards. Read more