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?
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
~ Peter F. Drucker
~ John D. Rockefeller
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