Businesses are run through different management styles. There is not one that works for all but each business eventually discovers what works best for them. Once a business finds its way to the appropriate management style, success is inevitable. But for those who insist on a wrong management style, progress will come a lot slower.
It would be easy to generalize that the best management style is that which allows employees to be part of the decision-making process. This is what is referred to as the democratic style since communication can come both ways. This style has proved quite useful for decisions that require the input of employees. Job satisfaction is usually high although the decision-making process is slower compared to others because of the time spent consulting concerned personnel.
On the extreme end of management styles is the autocratic type where all decisions are done unilaterally by the manager. All decisions emanate from one source and are usually reflective of the views and opinions of the person making the decision. Although businesses adapting this style are often perceived as well-managed, strong and competent, employees may not find the situation conducive for their careers thus resulting to higher turnover.
The paternalistic management style is somewhat of a middle ground since decisions always take into account employees’ best interest even if they are essentially dictated by the manager. Communication travels downward but management allows for provision of feedback from employees thereby maintaining high morale. Many progressive businesses are into the mentoring style which essentially leads by inspiring and stimulating employees to excel. Business owners will benefit from discovering what management style works for them.