Not a single business works if it doesn’t know how to adopt different management styles. Whether it’s a small business or a business giant, the key to survive in such a competitive market is by having a unique management style. As of now, brands have to reimagine their ways of keeping a team together. This is because it reflects on their culture and image. More importantly, employees do not hesitate to call their company out if they identify specific gaps within the management.
Most companies thriving in the market have a lot going on behind the scenes. Consumers might not get a glimpse of it often. But if they find themselves repeatedly attracted to a brand, much of it is because employees are managed effectively and look forward to serving their customers.
Before we discuss different management styles, let’s see what the term really means.
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What Are Management Styles?
Quite simply, management style refers to the way a company carries out its practices. It may not appear to be rocket science, but there is a lot at stake if a business is confused about which management style suits them best. Also, what changes do they need to bring within it?
If a successful management strategy is in place, it will benefit the workers and the people they are working for. The human resource department of a brand is a key player in identifying which management style would suit the business. This is why having a professional is very important for businesses. Remember, this goes for companies that are just starting and the ones that have already secured their presence.
It’s crucial to understand that an effective management style reflects on all fronts. Whether it’s creating a progressive culture, employee loyalty and customer satisfaction. All these factors heavily depend on how a company puts everything together.
There are multiple styles of management styles, and here’s a list of them:
Assertive Management Style
Managing a company by carrying out tasks through being authoritative is a fairly traditional approach. But this one has left its mark in every industry. The idea behind this management style is to preserve a hierarchy in every department. Strict policies are to be made, and following them is a top priority for everyone.
Remember, failing to abide by all the laws and regulations under this style also leads to facing disciplinary actions against people who do so. Usually, all of this is mentioned in the contract so that employees coming on board know what they’re signing up for.
Management Via Collaboration
This management style is definitely modern and more progressive. Companies that are willing to join forces with this method welcome change and promote teamwork differently.
The philosophy behind this style means making everyone a part of the process. More importantly, seeking their opinions and encouraging collaboration. This reflects on a company’s vision and its ability to identify that creating ideas and campaigns is a byproduct of different thought processes.
This style is inclusive and gives employees an open forum to discuss their thoughts. It’s a win-win because everyone’s involved.
Mentor Management Style
This management style pays considerable attention to training employees. Almost every group of employees is assigned a mentor who coaches them during the initial period of their job. It’s an effective way to fully equip an employee because they’ll be getting guidance from an expert. Moreover, it helps in building long-lasting relationships. This is because a well trained employee will always value their mentor.
Trends In Management Styles
Accepting Change With An Open Mind
The newest frontrunner in management style is the will to accept and adapt to various changes. Nothing is stable when it comes to the market and consumer behavior. Companies that are attentive to these changes witness ground-breaking success. You can’t stick to an ideology for years when there’s an update every second.
Companies now must reinvent their ways of carrying out practices because working methods have changed. Employees have taken the forefront and believe it’s their right to be treated in a way that makes them feel acknowledged. This change was long overdue, and brands are paying attention to it.
Building An Inclusive Culture
Managing a team while putting forth an inclusive culture is a trend that is the need of the hour. Employees are exhausted and need a breather to be productive. Unrealistic working patterns cannot be a part of the deal anymore.
Promoting an inclusive culture means understanding the concerns of employees. And actively working toward their solutions. It also highlights how significant it is for a business to retain its workforce.
This can only happen if the managers are keen on lending a hand when need be. Also, offering remote work and employee feedback forums is an excellent addition. It helps employees take a break and work from the comfort of their homes.
Creating Leaders For The Future
A positive trend is shifting the focus from competition to building leaders. Businesses that are beyond conventional patterns. They understand that a positive management style means creating leaders for the future.
This approach works wonders personally and professionally. Employees that are managed in this way become loyalists for the company. It reflects on their productivity levels, and the business does well in entirety.
A Change For The Better?
There is an apparent shift in management styles, but it’s excellent because this shift focuses on the right changes. Policies and a specific framework are key. But everything boils down to how a company brings everyone together and retains its workforce. Encouraging employees to share their thoughts is an effective way to make them aware that their presence is vital to their workplace. Moreover, these changes have a long-lasting impact because they create opportunities for employees to climb the corporate ladder. And businesses thrive because of the progressive management style.