It gives your team members a sense of ownership over their work. It can be expensive to maintain if the reward is not budgeted well. It helps create unity in a large team that is divided or has problems agreeing. If one of their employees doesn’t follow orders, they’lll punish them by chewing them out or threatening their job. Why is it important to know your management style? Strategic Management Style. Your main role in this style is to convey the company's goals, objectives, and vision to your team and trust them to carry it through. Can lead to unhealthy competition between team members. If you delegate to a team whose leader is weak, work may suffer, leading to poor output. The main focus is on growth, and you will work alongside your team to consistently keep them on their toes. By. Never show your team that you want to give up, even when times get tough. 15 Best Management Styles for Your Business. The best types of management styles are flexible, adaptive, and appropriate for the given circumstances. It also encourages … Your team has the independence to carry out the tasks assigned to them within a stipulated time frame to meet goals. But now, as you face the success of your growing business, you have to manage a larger team. There are different textbook explanations, but we settled on the one that can be translated across different organizations. Style #3 Affiliative Management Style. Full Bio. There are various management styles to choose from. Emily Delbridge. While the success that you are looking for is largely based on the management style that you use, your commitment to achieving higher levels with your team is equally as important. A good manager is one that invests in building a close-knit team that works well together. Management style deals with the relationship a manager should have with their team. Key features… Greater performance as individuals or teams work together to hit targets. This management style requires you to check in with your team frequently and review their success and give feedback. Unlike other management styles, this strategy often involves restraining achievers with big egos to avoid burnout and increase sustainability. She has been a licensed Personal Lines Insurance Agent since 2005. You encourage team members to be creative and proactive problem solvers. There are six different management styles we’ll explore together, but keep in mind that no one style is necessarily any better than the other. Exclusive Q and A with IBT's Social Capital team. 6 Management Styles and When Best to Use Them; Over the years, the word “management” has taken on various meanings, making it the broad area it has become today. In this style of management, and as the title suggests, your job is to delegate duties and assignments to your team. But fear not! The 8 Best Management Styles Found In Extraordinary Leaders. But when I have the downtime, I like to encourage the team to bond. Developed in the 1960s by Douglas McGregor in his book, “The Human Side of Enterprise," Theory X and Theory Y allocate the job of management into two styles And, just like your algebra class, X and Y don’t work totally independently, although you can manage in a style that is mostly a Theory X or Theory Y management style. Before settling on what management style will best suit your large team, you should understand what this term means. This management style will not work if you are reserved. As the name suggests, this style of management is incentive-based. Your team will follow through on their goals and targets by following your charismatic leadership. Follow Twitter. Creates healthy competition among team members. And though there are lots of proven management styles, not all of them are tailored for large teams. Is your team growing larger by the day? It helps a team remain focused and united in goal setting and achievement. 2. A very high bar can work against you as it can set your team up for failure. Certain employees in certain fields (such as sales) thrive when recognized and rewarded for their specific achievements. Key features: Give the workers voice in decisions, then benefit from their refreshing ideas. Emily Delbridge wrote about car insurance and loans for The Balance from 2011 to 2020. Large teams come with their own unique and diverse challenges as you are now dealing with more personalities and more potential disagreements and idiosyncrasies. Increased motivation and productivity within teams. Consultative management style. Challenges your team to get out of their comfort zones. If you have a team that is not professional or requires close supervision, this style will also not work. Results-based management styles really work best in work environments where people have openly bought into the idea of results-based work from the start. To drive success as a leader, you need to identify a management style (also known as a leadership style) that works for you. And after they tell them what to do, they expect immediate acceptance and execution, with no questions asked. You can manage a large team effectively if you use any one or a combination of these management styles. A good manager must use a management style that works for them and their team. This is great news! You encourage both creativity and staff input. Leaders who embrace this method often use detailed performance metrics to get the best possible outputs from their teams. Advantages: This style typically leaves employees feeling valued and empowered to contribute in meaningful ways. Works great when you can break down a huge goal into different milestones. This is the... Affiliative style. You have to have an outgoing nature. This style of management is also called a visionary or inspirational type of management. One need only look up the definition of the word to realize how broad it is and its application. It could lead to burnout and demotivation, especially if the bar is raised too high. If they see that you are committed to them, they will commit to you. In fact, you might find that a combination of these leadership styles in management is the best approach. It can create resentment as some team members may feel that you are not doing enough to assist them. It also defines a manager's planning and organizational ethic, delegation tactics, as well as organizational and communication skills. Immediate work-related tasks can wait. This can lead to a strained work environment. Coaching style. Of course, this managerial style only pays off in the long run. You set the work pace, and your team follows. This is the “people-come-first” style, meaning that people are … In this style, managers ask for the opinions and thoughts of their team, consulting the viewpoints of every member of their team. Updated May 11, 2020 We are committed to researching, … In transformational management, you lead your team by pushing them out of their comfort zone and raising your expectations. Is your company expanding and bringing in new talent? It is founded on the theory that you can motivate team members by attaching preset rewards to certain, known goals. Read The Balance's editorial policies. The Best Types Of Management Styles The simple, and perhaps somewhat disappointing, answer is that there is no method of leadership that is always superior to all other types of management styles. Because not everyone works best with this management style, I find that it’s best to mix this type of management with others, especially for projects. Personal development is crucial. For me, the best approach to management is to switch back and forth between styles. The management style of a business is the type of behavior that is primarily displayed by managers. Understanding your natural style based on your personality, character traits and values can help you determine your leadership strengths and areas for improvement. This kind of management style derives its success from setting the bar high and watching as your team follows you to reach it. Democratic management style is especially effective when it comes to making long-term decisions that impact the whole company. A critical factor to the success of teams is the ability to manage people towards an objective or goal. Prestige management styles The democratic style. Key feature. Can create resentment, especially if you have highly competitive team members who keep hitting their targets, while the rest do not. What Are The 6 Management Styles? Whether you've been in this position before or this is your first time, managing a large team can be daunting. Effective only for short periods, e.g., quarterly or bi-monthly. The predominant management style determines your business culture and includes utilizing functions such as human resources and financial resources to meet your objectives. For your team to reach the bar that you set, always ensure that they stay motivated by creating short term goals with a reward. With the right reward, your team can stay motivated for long periods of time. Related: Your Ultimate Guide to the Top Leadership Traits. The manager will make the final decision, but they will consider all of the information given by team members before they do so. They’ll even publically humiliate them in front of their peers, if they really want to m… Autocratic management is the most top-down approach to management -- employees at the top of the hierarchy hold all the power, making decisions without collaborating or informing their subordinates.