¶ … Management Style
Leadership and talent retention are important HR-related aspects in today's business environment given the increased changes and competitiveness of the modern business environment (Zhang et al., 2015). Despite the lack of a single universally appropriate management style, the authoritative style is arguably the best management style. An authoritative manager tends to communicate an organization's mission and vision effectively, provides organizational direction, and clearly articulates expectations. While considered an authority, an authoritative leader encourages subordinates or followers to utilize suitable approaches towards accomplishing organizational goals. Authoritative style is the best management style with regards to providing organizational direction through effective communication, showing sensitivity to employees and ensuring perfect execution of tasks.
Need for the Best Management Style
Today's business environment is increasingly changing and characterized by increased competition between companies. In light of the rapid technological advances, business organizations are increasingly operating in a challenging and evolving environment (Gonos & Gallo, 2013). Therefore, improved business performance has become more important in the modern business environment. For managers, the ability to achieve desired performance is dependent on a variety of factors including the use of a suitable management or leadership style (Dixon, 2003). A suitable management or leadership style helps in effective management of business practices and operations, which helps in constant improvement of organizational performance in relation to the established business objectives and goals. One of the major ways through which a suitable management style contributes to improved business performance is through linking corporate strategy to operational objectives (Gonos & Gallo, 2013).
Throughout the years, the issue of the best management style has attracted considerable attention in management studies. Yu, Fang & Wang (2015) observed that the effectiveness of management styles has become a major issue in management studies over the past few decades. This increased focus is fueled by the correlation between management style and employee contributions towards the achievement of organizational goals and objectives. Management styles have significant impact on organizational culture like employee attitudes, organizational commitment, job...
Management Behavior Many studies have been carried out in order to establish appropriate management theories and styles that organizations can adopt in order to succeed. Studies on the same from scholars with diverse backgrounds have been useful in the improvement of the previous leadership models and theories. The theories and leadership models have been advancing or evolving constantly. This study offers a succinct comparison of various leadership theories and styles whilst
Managing Diversity and Equal Opportunity With the turn of the 21st century, a dramatic increase is being witnessed in the international flow of labor with repercussion for domestic labor supply and management. The native, racial and emigre mixture of the employees is predominantly important for the workplace. The importance of this domestic cultural multiplicity in the labor force, highlighted by worldwide influences and necessities, has lately encouraged the researchers to focus
Management Development Techniques All business organizations seek to maximize the profitability using the least available resources. The bottom-line in realizing such coveted success is by making their management processes efficient. In this regard, managers will often employ various techniques in developing and improving their existing management styles. This is because new issues always would come up and have to be addressed through the necessary change management initiatives. This study will look
In addition, given its bureaucratic and restricted nature, budgets become out of date within a few months. This challenge is associated with the frequent changes to assumptions arising from changes in the market like commodity prices, demand, exchange, and interest rates. A tight budget presents a challenge to an organization and management today in terms of loss of competitive edge (Steele, 2008). This is associated with the current driver's
Management Principles Management Leadership Model Paper: Management Principles Research suggests that everyone is a manager in their own way. For instance, everyone manages his finances, time, careers and relationships. These examples of managing are simple and straightforward. However, when concepts of management apply in organizations, management becomes complex. At such a point, it calls for extensive studying in order to understand the theoretical basis of management. The application of management and the enunciation
Management Every person that has worked for a company with poor management -- where a lack of communication or a failure to motivate employees is the norm rather than the exception -- can benefit from the readings in this assignment. There are quality companies where employees are encouraged and treated as valuable assets, and then there are companies that rely on threats of punishment and intimidation to get the most out
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now