Management Style - Definition, Factors and 9 Types of Management Styles

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Management Style is an approach adopted by the leaders or people in a management position for interaction with their subordinates.

Management Style refers to the technique adopted by managers in handling situations within an organization.

Factors that shape the Management Style

Internal

Internal refers to the factors within an organization like corporate culture, skills of the employees, and management framework.

External

External refers to the factors outside an organization like laws, competitors, suppliers, economy, etc.

Types of Management Styles

1. Autocratic Style

Autocratic Style follows a top-down approach where the flow of communication is from top to bottom, the management makes all the decisions and the employees cannot make suggestions as they are fully dependent on their superiors.

2. Paternalistic Style

In Paternalistic Style, the management looks after the best interest of its employees and asks for trust and loyalty in return. Although the decisions are unilateral the management explains them to the employees.

3. Democratic Style

In Democratic Style, communication is healthy and both ways and superiors welcome feedback from the subordinates but the ultimate decision-making authority lies with the management.

4. Participative Style

In the Participative Style, the employees, as well as managers, are actively involved in the decision-making process.

5. Collaborative Style

In Collaborative Style, management encourages extensive discussion of ideas and takes a decision based on majority rule. Employees are creative and engagement is high.

6. Laissez-Faire Style

Laissez-Faire Style is a more hands-on approach where the employees are trusted to work without supervision and can make their own decisions.

7. Pacesetting Style

In Pacesetting Style, the employees are required to follow the footsteps of their leaders to reach the high benchmarks.

8. Coaching Style

In Coaching Style, the employees are considered valuable members and the manager’s job is to guide and develop their team successfully to achieve organizational goals.

9. Visionary Style

In Visionary Style, the management explains the goals and gives the employees the freedom to achieve those goals with minimum interference.

This video is on Management Styles and it has the following sub-topics.

Time Stamps

0:00 Introduction
00:21 Definition of Management Style
00:45 Factors that shape the Management Style
01:16 Types of Management Styles

This video Belongs to the following playlist on Management

https://www.youtube.com/watch?v=2shxkvUvbmg&list=PLvDdvz8B_JZuUwkzjevxMS4L0kBsv0DuN&index=1&t=1s
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Management
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