Christopher Thomas Bragg

1. Christopher Thomas Bragg | Business ManagementStyles Businesses can’t go without proper management. Hence aspiring entrepreneurs cannot start up any enterprise if they are not well acquainted with the art and science of business management. Given the age of the practice, plenty of business management styles have been established. Entrepreneurs who wish to succeed in their business ventures should be knowledgeable of these and be able to practice them correctly. Here are the three types of business management styles: 1: Autocratic This type of management hands over all of the power to the proprietor. All the decisions are made unilaterally. This management style is actually

2. adapted when no trust is established in the workers. Essentially, everything that goes on in the business will reflect the preference of the owner. On one hand, this can be effective when a quick decision has to be made. It can project cohesive and confident management. But if the reasoning of the person in power is corrupted, any decisions made automatically may put the business in demise. This also makes the business prone to abuses and the workers more dependent. Many professionals like Christopher Thomas Bragg prefer to analyze the work before deciding to implement specific business management. There are two kinds of autocratic managers. The directive autocrat usually makes unilateral decisions and closely supervises the workers during the execution. The permissive autocrat, meanwhile, gives some space for workers to carry out the task. 2: Paternalistic: The decision for this type of management is still unilaterally made. However, it pays more attention to social needs and worker views. Entrepreneurs who apply this are constantly consulting their workers regarding the agreeability of certain business decisions and they ensure that needs are met. There is still a sense of authority fostered but morality is better cared for. This management style builds up loyalty but like autocratic management, it still supports dependence. 3: Democratic: This style of management puts complete confidence in employees and allows them to make decisions. Authority is delegated and workers are empowered to make conclusions and plans, with the consent of the proprietor. Given the setup, this management style usually involves meetings and the formation of discussion groups.

3. Though this does promote independence on the side of the workers, the decision-making process is severally lagged as contradictions are bound to occur. Regardless, if important matters are deliberated, disagreement may be healthy as it saves the business from biases. 4: Laissez-Fair: This type of management basically involves a full turnover of power. The leader stands side-by-side with his staff as they take over the responsibility of the leader. It’s every department for their selves. Communicating does run both ways and it does help bring out the best from everyone. But given that there is no unifying element to the decision made; laissez fair’s management style is actually pretty poor. See, not all business types require the use of the same management style. And particular circumstances only welcome specific management practices. Familiarity with all management styles then makes a manager, leader, and entrepreneur more flexible with changing business dynamics. In view of the nature of the task at hand, or the nature of the workforce, or his own personality and skills, he can appropriately extend the management style that is called for and that which he can ably exercise. Hope you understood the style of business management. If you are starting a business for the first time then it is very important to understand which type of management style is appropriate. If you are not sure then you can also go for experts like Christopher Thomas Bragg to get it done accurately.