Management styles

Question 1

Business Goals

Answer 1

• Profitability
• Market Share
• Employment
• Societal needs & wants
• Sustainability
• Growth

Question 2

Autocratic Management

Answer 2

Authority is centralized, manager makes all decisions, beneficial for those who need supervision, good in crisis situation

(+): High productivity, quick decisions, defined roles

(-): dis-empowered, closed communication

Question 3

Laissez-Faire Management

Answer 3

Employees make their own decisions, no direction, authority decentralized

(+): sense of empowerment and fulfillment, creativity

(-): issues undetected, no guidance, staff are responsible

Question 4

Consultative Management

Answer 4

Manager consults but makes decisions alone, beneficial for employees who want to give input, authority centralized but employees are considered

(+): motivation, better decision making

(-): time consuming, indecisiveness, chaos