6 Management Models To Adopt In Your Company
Management models are a set of strategies that aim to contribute to the capture of results.
In this article, we will talk about how the management models can influence the team in the execution of tasks with greater efficiency and potential of the achievement of results.
6 Management Models To Adopt
We’ll introduce you to six management templates that can help you choose the one that best fits your company profile.
Zoe Talent Solutions you will find different types of management courses, which will gain you more knowledge about management for company.
How Do I Choose The Right Management Models For My Company Profile?
Management models are a set of strategies adopted by the company to coordinate the team in the execution of the tasks and the capture of results. But what is the ideal management model?
Among the various management models, there is no ideal, but the most convenient one for your company at that moment.
Therefore, managers need to always be vigilant, with a strategic look at the work that the company is performing.
Knowing what your business needs is a big challenge. And, choosing the right management model requires planning, professional training and business strategy.
This knowledge of the market and each of the management models can be decisive when defining the management process that the company needs.
Below we list the most common management models on the market. Choose the one that best fits your company’s reality right now. Check out!
What Are The Management Models?
Faced with various management models in the market, it is necessary to know the functions and characteristics of each one of them. Today we will specifically talk about six models. Are they:
• Democratic management;
• Meritocratic Management;
• Management focused on results;
• Process-focused management;
• Authoritarian management;
• Management by value chain.
1. Democratic Management
Democratic management is one of the management models where employees have a voice to contribute to decision making.
Undeniably, this model offers a greater chance of engagement of its employees, by their intense participation. However, it can also be dangerous.
If there is no consensus with contrary opinions, this type of management can generate great friction within the team.
The democratic management model requires the experience and preparation of managers and leaders who need to be able to deal with employees.
Professionals who do not have communication skills should not apply democratic management, since this is the great differential of this model.
2. Meritocratic Management
One of the management models is based on meritocracy. Therefore, managers adopt and choose to have as their main focus their employees with higher performance and performance.
The strength of this model is that the whole team can become more engaged because they know that recognition depends on their own performance alone.
The weak point in this management model is the creation of a highly competitive environment that can affect team relationships. Since many employees do not know how to handle competition at work.
In order to choose the meritocratic management model, it is necessary that the manager be prepared to be impartial. Always opting for transparency and respect with employees.
3. Results-Driven Management
The result is what really matters! In order to focus on the results, this management model is not based on formulas, and the way adopted to reach the goals comes in second place.
Focusing on results is ideal for companies in need of quick fixes as the focus is on goals rather than long-term planning.
4. Process-Focused Management
Focusing on methods and procedures, process-based management models always seek perfection and improvement of executions.
The upside of this type of model is that the results tend to be longer lasting.
In fact, the professionals responsible for managing the team in this process need to be very skilled, since they have to be always attentive to the smallest details.
5. Authoritarian Management
Of the management models available, perhaps this is the most contradictory in the market since the central figure of the whole process is the manager himself.
But with any business strategy , this model has its good and bad side. The down side is that the staff has almost no voice. In this case, the manager is responsible for all decisions.
Many companies see this management model as beneficial, especially when they have newly trained and inexperienced professionals. With the purpose of shielding the team and giving support to all.
The requirement of the authoritarian model needs to be based on dialogue and charisma, so that everyone will respect the opinions and decisions of the manager.
6. Value Chain Management
The value chain is one of the management models that most require market research , combined with an attempt to meet the needs of customers.
In this case the company has the appropriate professionals to understand and build the strategy based on the client’s expectations.
Thus, the goal of the manager is to organize the team to execute the tasks always based on what the client wants and what they should like.
Which Is The Ideal For My Company?
Having numerous management models at your disposal does not necessarily mean that your company needs to choose just one of them.
Flexibility is the secret of management, since professionals need to have the option of choosing the best model for that moment.
Although companies prefer and opt for some of the management models, they rarely can follow the same pattern every time.
In fact, as we said above, this can be a mistake, since the ideal is to choose the best model in the face of the situation that your company has been going through.
It is important, before choosing one of the management models, to analyze the reality of your company and question “what does it need now?” . Thus, you decrease the chances of error.
Keys For Effective Management:
The business management can help you prepare for a management role in most types of organizations and provide a broad foundation to help you understand how businesses operate.
This type of resources will be found in equity and liabilities. With the help of this infographics created by Zoe Talent Solutions you can get a clear idea about the business finance.