First 342 words of the document:
Management is the organisational function that, like investment, gets things done
efficiently, to gain the best return on all resources. It is the act of getting people
together to accomplish desired goals and objectives.
There are five main types of management styles.
1. Autocratic is often considered the classical approach. The manager retains as
much power and decision-making authority as possible. The manager does not
consult employees, nor are they allowed to give any input. Employees are
expected to obey orders without receiving any explanations. The motivation
environment is produced by creating a structured set of rewards and
2. Paternalistic managers give more attention to the social needs and views of
their workers. Managers are interested in how happy workers feel and in many
ways they act as a father figure. They consult employees over issues and listen to
their feedback or opinions. The manager will however, make the actual decisions
as they believe the staff still needs direction.
3. Consultative can be viewed as a combination of the democratic and autocratic
style. The manager will ask views and opinions from their staff, allowing them to
feel involved but will ultimately make the final decision.
4. Democratic also called the participative style as it encourages employees to be
a part of the decision making. The democratic manager keeps his or her
employees informed about everything that affects their work and shares decision
making and problem solving responsibilities. This style requires the leader to be a
coach who has the final say, but gathers information from staff members before
making a decision.
5. Laissez faire also known as the "hands-off" style. It is one in which the manager
provides little or no direction and gives employees as much freedom as possible.
All authority or power is given to the employees and they must determine goals,
make decisions, and resolve problems on their own.