A leader or a manager should be very careful, while choosing the business management styles and techniques for an organization. This is because the success of an organization depends upon the kind of management styles and the management skills which the managers exhibit.
Some management styles are people oriented, while others are project or work oriented. Here are the three management styles which are primarily used by the managers in today's organizations.
Here, tasks are accomplished by constituting teams first, and then dividing the tasks among the teams. It is commonly observed that tasks are accomplished more efficiently through teams. That is why most organizations follow this style of management.
The different team members bring their knowledge to the table while accomplishing various tasks, and hence, tasks can be done more quickly in teams rather than by individuals on their own.
In this style of management, the manager communicates the "goals, expectations, and standards" to the employees very clearly in the beginning itself. The manager is in direct control of the situation literally, i.e., he dictates to the employees what tasks have to be done, how they have to be done, and the deadline for those tasks.
This management style is considered slightly impersonal, but sometimes, when deadline is to be met or when the number of employees is too huge, only top-down management approach or directing style of management can bring desired results.
Participatory style of management is based on the principle of "faith". Under this style of management, the leadership and management places full faith in the abilities of the employees.
The tasks are given directly to the employees and are well-explained to them in advance. Their inputs on the tasks are also given due importance. The employees know how their work is fitting into the organization's big goals.
When their inputs are sought and they are also made aware how important they are to the health of the organization, their motivation levels become very high and they perform better. This style is usually seen in smaller organizations with lesser number of employees.
Management techniques are those management concepts or strategies, which are followed to run an organization efficiently and profitably. Management techniques, whether pertaining to employees, the customers of the organization or the partners, in case of partnerships, should be chosen only after evaluating the needs of all three.
An example of a management technique pertaining to employees is the use of incentives, so as to motivate them, or to provide them with training in order to update their skills.
Management techniques pertaining to customers are usually aimed at keeping them happy and satisfied so that they keep on coming back.
An example of this, could be the various discount offers that are given to the customers on special occasions, such as Christmas. Whatever management techniques are chosen by organizations, the main thing to consider is that they should fulfill the needs of the organization and also, of the employees, customers and the partners.
According to business experts, the most effective techniques are those that are a mix of all the styles. The management styles that are followed, should depend upon the situation that an organization is facing. In the fast changing business environment, it will neither be practical nor profitable, to stick to only one style.