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MANAGEMENTMANAGEMENT STYLESSTYLES
A. Management by Coaching and Development (MBCD)
B. Management by Competitive Edge (MBCE)
C. Management by Consensus (MBC)
D. Management by Decision Models (MBDM)
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A. Management by Coaching and Development (MBCD)
In this management style, the manager is more like a
coach in a nurturing role. The employees have a long learning
curve and the general work experience is more like a learning
experience. In this management style, the manager leads not
by ordering but by coaching and in this way performs his role
of employee training.
COACHING
- mainly means helping someone learn and implement something.
Management Styles
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B. Management by Competitive Edge (MBCE)
In this management style, the concept of healthy
competition is duly fostered. In an organization following such
a management style, all the employees are encouraged tocompete with each other. This is mostly done with the help of
R&R strategies (rewards and recognition strategies).
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C. Management by Consensus (MBC)
This management style is more along the lines of
democratic style. It encourages the employees to give their
opinions, suggestions and feedback. This helps theorganization in taking adequate employee-centric decisions. It
is followed to quite an extent in organizations these days.
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D. Management by Decision Models (MBDM)
In this management style, decision models are prepared
in order to work as precedent. These decision models are
prepared with the help of hypothetical situations andprojections made there from. This kind of a plan of action can
work at many times, however, in case of a contingency, it
would fail.
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Management Styles
Decision-making Models
Strategic, tactical, and operative decisions are made on
the various aspects of business operations. The vision of an
industrial enterprise must take into consideration the changesin its operational environment and the leadership practices.
Decision-making is supported by analyses, models, and
computer-aided tools.
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Management Styles
Decision-making Models
Technological advances have an impact on the business
of industrial enterprises and their use of new innovations.
Industrial innovations contribute to increased productivity andthe diversification of production and products, they help to
create better, more challenging jobs and to minimize risks.
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Applying The Decision Making Model
In Five Steps:
1. State The Problem
- The first and arguably the most important step in the
decision making model in five steps is to identify theproblem. Until you have a clear understanding of the
problem or decision to be made, it is meaningless to
proceed. If the problem is stated incorrectly or unclearly
then your decisions will be wrong.
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Applying The Decision Making Model
In Five Steps:
2. Identify Alternatives
- Sometimes your only alternatives are to do it or don't do
it. Most of the time you will have several feasible alternatives.It is worth doing research to ensure you have as many good
alternatives as possible.
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Applying The Decision Making Model
In Five Steps:
3. Evaluate The Alternatives
- This is where the analysis begins. You must have some
logical approach to rank the alternatives. Two such logicalapproaches are Decision Matrix and at Sample SWOT
Analysis. It is important to realize that these analysis methods
are only one of the five steps in the decision making model.
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Applying The Decision Making Model
In Five Steps:
Management Styles
4. Make A Decision
- You have evaluated your alternatives. Two or more of
your high ranked alternatives may be very close in theevaluations. You should eliminate all of the alternatives that were
low ranked and do not make logical sense. Now review all the
details of the remaining high ranked close alternatives, so they
are completely clear in your mind.
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Applying The Decision Making Model
In Five Steps:
5. Implement Your Decision
- A decision has no value unless you implement it. If you
are not good with implementation, then find someone that is.Part of the implementation phase is the follow up. The
follow up ensures that the implementation sticks.
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This decision making model in five steps shows a logical
structured methodology for making a decision. The
discipline that it provides will guide you to the goal of making good decisions.
SUMM ARY
Management Styles