Today, management has become the most sought-after degree program among students. Many students pursuing management degrees, need to develop knowledge of the subject and a variety of skills to be perfect managers in future careers. Developing leadership ability is necessary to manage workplace activities and achieve the goals set by the organization. The most important part of being a manager in any company is to find your management styles and learn how to effectively use this. A good manager understands the fact that they cannot manage everything alone. They require a team to manage tasks and accomplish the work. This approach allows them to increase the productivity of work. Following the management style will help in empowering team members. By taking management Assignment Help in USA from experts, you can get detailed knowledge of different management styles. By adopting a suitable style, you can learn you can lead the team properly and perform the management task efficiently.
In this blog, we share different management styles. By understanding and figuring out the management style, you can achieve growth in your career.
What is Management Style?
A management style or leadership style is a way that a manager follows to accomplish their work and achieve the goal of the organization. It includes planning, organizing, making decisions, delegating, and managing staff.
You can figure out your management style according to the company, level of management, industry, country, and culture.
Types of Management Styles
There are different types of management styles prevalent in the industry. These are as follows:
Autocratic Management Style
This type of management follows a top-down approach with one-way communication. This is the most controlling type of management style in which the leader holds all the power. Employees are not encouraged to ask questions and provide their suggestions and ideas. This is the drawback of this management style.
Visionary Management Style
In this management style, the manager communicates the purpose and vision to the team so that they execute the task in the proper manner and achieve goals. It fosters employee engagement throughout the project accomplishment. Employees are open to giving their suggestions to the manager. Managers can provide frequent feedback to the team for their performance.
Democratic Management Style
This management style consists of acknowledging the people for the organization’s success. The manager allows the team to make the decision and encourages them to give input during the process. This is the most popular management style among employees because it makes them feel that they are a valuable asset to the company and team.
Coaching Management Style
In this style, the manager acts as a coach and they recognize their employee as a valued member of the team. Managers guide their teams and employees throughout the project and motivate them to learn and advance their skills. In this style, long-term developments are valued over short-term failures.
Laissez-Faire Management Style
In a laissez-faire management style, managers follow a handoff approach to leadership. Employees are trusted and they fulfill their responsibility without supervision. This management style provides freedom to the employee to take decisions for achieving goals. A manager only enters the function if staff requests assistance or guidance.
Transactional Management Style
This is the most effective management style followed by the manager to increase the performance of staff and achieve the company goal. The transactional management style consists of different modes to inspire team members. It includes bonuses, incentives, etc. to inspire members to work hard.
Collaborative Management Style
In this style, managers create a forum for ideas to be discussed before making any decision. In the collaborative management style, team members are equally responsible for take a decision that leads to engagement, innovation, and creativity. The collaboration of manager and employer helps to solve the problem efficiently.
Consultative Management Style
In this management style, managers take the opinion and ideas of their team members and they consult the viewpoint of the team members. Managers consider all the opinions and viewpoints given by team members while taking final decisions about the project.
These are some management styles that managers follow to lead the team in the company. It helps them to accomplish the objective and achieve the goals set by the organization. If you are a student pursuing a management degree you need to be well aware of these styles. It helps you in your future career as a manager in any company. To learn the styles and get more knowledge of this, you can take Online Assignment Help Services from experts in USA.