¶ … guidance which is needed by a new CEO of a multinational firm. Here we explain how any changes in the existing culture of management could benefit not only the manager but the whole firm. We will explain some advantages of this new style which the CEO can take note of in rebuilding the structure of the whole firm.
Different management models
There are many types of management models available which can be adopted by any business firm such as Alignment strategic planning model, Basic strategic planning model, organic or self-organizing strategic model, issue-based or goal-based strategic model and scenario strategic planning model. Although our chosen multinational firm can adopt any of the mentioned models, it is essential that the style of management is properly determined so that the best out of these models is attained. Let's compare and contrast the styles of management.
Autocratic vs. Participative management style
"Any manages who adopts the autocratic style exercises its complete authority over the work group so that things get done in a strict manner" (Thierauf, 1980). The manager here completely takes over the decision making and operation running aspects of the team without considering or seeking any advice from its workers. Certain places might benefit from such style but overall this might foster resentment among the employees of the firm which is damaging for the whole organization. Compared to this, the participative manager encourages feedback...
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