October 3

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Management Styles for Successful Business

 Management Styles for Successful Business:

Any hiding behind a management style occurring these days?
Which management style is your business?
Which management style suits your business best?

Man looking in mirror reflecting upon management styles
Management Styles Reflection

Management styles for successful business are varied and some are sure to fail. What’s your approach to management? Even solo-entrepreneurs have a management style – it has to do with how you manage yourself, your business, and your business relationships!

Responsibility versus hierarchy management styles are best

Peter F. Drucker, the grandfather of modern business, shares that as we are now in the information age, any manager should have full access to the necessary numbers to make appropriate business decisions. This eliminates the “reporting position” for businesses. I find this fascinating because anyone who should have access to particular numbers should be able to access them on demand. Additionally, this so makes the business much more efficient and able to make better choices in real-time via faster decisions and quicker response times internally and externally.

The self responsibility approach moves us from the “command and control” style to one of being responsible for one’s own performance.

WARNING: If there isn’t an understanding of shared values, goals, and mutual respect, this will not be effect. Everyone involved can be effectively responsible if there is strong communications of expectations and objectives.

TIP: There are many management styles available for you to adapt into your business. Just make sure whichever one or two of the management styles you choose, you do so with a focus on responsibility for each participant.

(Source:  Adapted from Peter Drucker’s “The Frontiers of Management“, pp. 204,206-207.)

 Inspiring Quotes of Management Styles
for Successful Business:

 “Manage yourself by knowing your strengths, values, and where you do best.”
~ Peter F. Drucker

“The conventional definition of management is getting work done through people,
but real management is developing people through work.”
~ Agha Hasan Abedi

“Management by objective works – if you know the objectives. Ninety percent of the time you don’t.”
~ Peter F. Drucker
“Good management consists of showing average people how to do the work of superior people.”
~ John D. Rockefeller
 

 THANKS FOR ALLOWING ME TO HELP YOU IMPROVE YOUR BUSINESS!

If you want to discuss this strategy or something you need assistance with,
please call Maggie (262) 716.7750 for YOUR No-cost Consultation.

Blessings of Success to YOU ~
Maggie Mongan, Brilliant CEO & Founder
Brilliant Breakthroughs, Inc.

Direct Dial: 262-716-7750

LinkedIn: MaggieMongan


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