Self-awareness is an important tool to master in both your personal and professional life. It is especially important for business owners and managers, as they are responsible for the success of their business and managing key business relationships, i.e., staff.
Business owners and managers often develop a management style over time. Depending on the type of style, this can either help or hinder their business.
If you are looking to improve your management skills, understanding your style is important. You do not have to adopt one single management style; you can use different styles for different situations to achieve the best results.
Consider the most popular management styles:
Bureaucratic managers direct their team by making sure everyone follows the rules and procedures. This style is common in workplaces with hierarchies where the manager has the final say in every decision. It is suitable for environments where safety is of utmost importance.
The democratic style speaks for itself. Management collaborates with the team before making decisions. Due to the amount of consultation involved, this style can impact efficiency. However, it often promotes a culture of effective communication through discussion and debate.
This style instils a fear of consequence as a driving force. There is no leeway for employee feedback and employees are instructed on what to do without any control over decision making. It can be beneficial to use this style during periods of crisis or stress, however, in most circumstances, it stifles creativity and innovation.
Laissez-faire management is all about giving employees the freedom to do the job themselves. Generally, the manager delegates decisions and allows staff to choose their direction. Unnecessary formalities and hierarchy often diminish creativity in the workplace, so this style is excellent for creative industries. The downside is that employees need to be committed and responsible for their work at all times.